A measurement of future performance; forecast trends within an economy, industry, or a company.
An Innovation Lab is a physical space where people come together to explore and develop new ideas, products or services.
Time To Market: The period taken by a company from inception to the actual launch of a product or service. Also referred to as product time to market.
Function within an organization or team that is responsible for delivering supplier performance improvements and value.
To effectively execute innovation and develop successful products, companies must conceptualize the product, engineer/architect it, enable user interaction, and design the customer experience. The Outcome-Driven Innovation process enables companies to use Jobs-to-be-Done Theory to conceptualize products that meet customer needs.
Startups have a special relationship with innovation, but it is a risky business. Here are some innovation tips for startups including research, evaluation, pitching, establishing a culture of innovation, scheduling time for innovation, and embracing technology.
Overcoming creative blocks can be frustrating and time-consuming. Woody Bendle suggests using a creative thinking exercise called "What Would Scooby Do?" to break through the creative funk with fun and innovative ideas.
