An established best practice in idea management is providing feedback to participants. It is in fact, crucial to the success of such voluntary systems. Every idea contributor wants to know that his or her idea has been seen and considered. Obviously, they also want to know whether the review team... Read More

In terms of innovation management processes, concepts perform a somewhat delicate balancing act between ideation and product development. An idea needs to be explored from a variety of angles in order for its potential to become clear. However, as experts spend more time looking at it, they may be... Read More

Active in roadmapping, but encountering difficulties? During a webinar on Product Line Roadmapping by Paul O'Connor of The Adept Group, a majority of participants indicated that this was their case. It may be of interest therefore to touch on some issues I noted recently after discussions with... Read More

A recent virtual series, The Consumer Goods Innovation Exchange, brought together innovation and new product development professionals from leading consumer goods firms such as PepsiCo and Kimberly Clark to share their stories of success and lessons learned in their journey to transform the... Read More

Preparing for an upcoming portfolio review? Engaging in strategic portfolio planning? Then it is important to check whether sufficient progress has been made on the top innovative initiatives. Or has development been slower than planned, because the targets set in the strategic portfolio have been... Read More

The failure rate of new products is often over 50%, and can be as high as nine out of ten in some industries. A recent conference, Best of Food and Beverage Packaging, featured innovation professionals highlighting the implications of technology and trends in food and beverage packaging. Their... Read More

Recently, I presented at the Chief Innovation Officer Summit (CINO). The CINO conference management asked for my thoughts on the following questions. I thought inKNOWvations readers may also be interested as well. Read More

Recently, I presented at the Chief Innovation Officer Summit (CINO). I have wondered for some time how the market would differentiate between the two CIO titles and roles that have evolved in the corporate world. The traditional CIO stood for Chief Information Officer of course which had enterprise... Read More

Every day brings a new press release or corporate statement extolling the virtues and importance of innovation to a corporation's future. But aside from mom and apple pie concepts of being a world leading product company, do stakeholders in the business really understand the tangible value that... Read More

The Annual Global Innovation 1000 Study by Booz & Company includes a list of the companies with the highest R&D spending. Forbes magazine did investment related research into these top R&D spenders and concluded that contrary to popular belief, companies that spend more on R&D are not necessarily... Read More