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Innovation Strategy Tag

18 Dec

Strategic Pipeline Management

by Matthew Heim
in Innovation Strategy Services, Open Innovation
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[vc_row][vc_column][vc_column_text]Are you one of the many innovation executives who struggle to determine which projects you should be working on first, and which ones should have the highest priority amongst others?  If so, then you are certainly not alone.  In fact, three out of five executives interviewed find this to be one of their top 5 challenges when managing their innovation pipeline.   Some innovation executives do not have a formal relationship with the business units (BU) or categories and are unable to gain a clear understanding of the potential business impact of a new development requirement.  Others struggle to determine which projects should be prioritized higher than others based on their return on investment (ROI).  Either way, there are a few simple steps that the innovation team can take that will help clarify innovation initiatives, deploy the right resources, ensure proper transitions, prioritize initiatives with the highest strategic impact, and assign...

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20 Nov

Idea Management as an Innovation Strategy

by Matthew Heim
in Idea Management Software, Innovation, Innovation Software, Innovation Strategy Services
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[vc_row][vc_column][vc_column_text] Strategic Idea Management: Your Edge for Transformative Innovation [/vc_column_text][vc_empty_space height="22px"][vc_column_text]It is undeniable that innovation is likely the single-most impactful means of staying ahead of the competition. However, generating innovative ideas and turning them into actionable solutions requires more than just creative thinking—it demands effective management of ideas, collaboration, and alignment with strategic goals. This is where idea management software and supporting business practices come into play.[/vc_column_text][vc_empty_space height="22px"][qodef_blockquote text="Idea management software is a digital platform designed to capture, develop, prioritize, and implement ideas from employees, customers, or stakeholders." title_tag="h3" width="75%"][vc_empty_space height="22px"][vc_column_text]When leveraged effectively using integrated business processes, KPIs and collaboration, it becomes much more than a tool for idea collection—it evolves into a strategic asset that generates business growth, improves efficiency, and enhances organizational culture. Here’s how and why idea management can be a powerful strategic tool across the entire enterprise.[/vc_column_text][vc_empty_space][vc_column_text] Idea Management for Innovation:  [/vc_column_text][vc_empty_space height="22px"][/vc_column][/vc_row][vc_row][vc_column width="3/4"][vc_column_text] Fosters a Culture of Innovation One of...

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08 Nov

Innovation Analyst for Technology Research

by Matthew Heim
in Innovation, Innovation Software, Innovation Strategy Services, Open Innovation, Technology, Technology Landscape, Technology Scouting
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[vc_row][vc_column][vc_column_text] The Risks of Sole Reliance on LLMs and AI in Technology Discovery: Why Human Expertise is Still Essential [/vc_column_text][vc_empty_space height="22px"][vc_column_text] LLMs and AI tools are inadequate as primary technology discovery tools. A human analyst to validate technology search results, conduct crucial subject matter expert interviews, and evaluate unique ideas from experienced, creative employees and stakeholders through open innovation challenges will prove to be the best approach to a fully developed innovation management strategy. [/vc_column_text][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]In today’s world of rapid technological advancements, businesses are constantly racing to identify and adopt breakthrough solutions that can give them a competitive edge. AI-driven tools like large language models (LLMs) have emerged as powerful engines for uncovering information, scouring vast data sets in seconds, and generating insights that would otherwise take weeks to gather. However, as efficient as these tools are, they can create a false sense of security in the New Product Development arena. Successful technology discovery demands...

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technology market fit
25 Oct

Technology-Market Fit

by Matthew Heim
in Innovation, Innovation Strategy Services, Intellectual Property, Technology, Technology Landscape, Technology Scouting
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[vc_row][vc_column][vc_column_text] Revitalizing Dormant IP: Strategies for Monetizing Overlooked Assets [/vc_column_text][vc_empty_space height="10px"][vc_column_text] Get Off Your |IP| Assets and Make some Money! [/vc_column_text][vc_empty_space height="10px"][vc_column_text]New product research is at the core of all manufacturing companies today, but what most don’t realize is that, regardless of industry, they are sitting on up to 50% of their intellectual property assets with no plans for their use.  This often results when a company pursues technologies specific to one product, and that technology is not a fit, causing it to be shelved with no further plans for its use.  In other words, they are missing out on any opportunity for alternative revenue streams for the company.  Many companies will intentionally sit on their IP assets in order to safeguard themselves from others who may try to pursue similar capabilities, keeping them at bay with the potential for a prior-art lawsuit, but most of these underutilized assets are a result of a...

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innovation leadership
21 Feb

Innovation Leadership

by Matthew Heim
in Enterprise Innovation, Innovation, Innovation Software, Innovation Solutions, Innovation Strategy Services, Technology
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[vc_row][vc_column][vc_column_text] Innovation Leadership - Strategies for Executives [/vc_column_text][vc_empty_space][qodef_blockquote text="Despite a focus on disruptive innovation, collaboration is lacking between business units, and the necessary structures between corporate entities and partners are often missing, causing breakdowns in the innovation process and missed opportunities.   "][vc_empty_space][vc_empty_space height="22px"][vc_column_text] The Key to Driving Enterprise Innovation? Strategy and Alignment Starting with Corporate Leadership [/vc_column_text][vc_empty_space][vc_column_text]Most companies today consider innovation one of their top-five strategic objectives. The C-Suite holds the key to successful innovation, which can be realized through proper vision and alignment at the top, and then rolled out to the rest of the organization through a coordinated effort.   A sustainable innovation program includes leadership roles (CEO, CTO, CIO, CFO, CMO, COO, CPO, CINO) all dedicated to collaborating and supporting innovational projects across interconnected departments.  Chief Innovation Officer and innovation program strategist, Dr. Matthew Heim, details the priorities of each executive role below.  [/vc_column_text][vc_empty_space height="22px"][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space][vc_column_text css=".vc_custom_1676652158771{background-color: #f2f2f2 !important;}"] Executive Oversight:  Vision, Sponsorship & Accountability [/vc_column_text][vc_empty_space height="22px"][vc_column_text]It is...

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