Category: Innovation

Innovation… Final Thoughts

It’s time to wrap up the series of posts on innovation for now… I’ve tried to lay out some of the processes I’ve seen work and identify the most common pitfalls. In summary: Every long-lived company eventually innovates. It’s up…

From Development to Production: The Innovation Process. (Part 3 of 3)

Like Stage 2, more often than not, Stage 3 never happens at all. Also like Stage 2, folks from Stage 3 often get involved too early in the process. It’s very simple: focusing on costing and execution at the idea stage never works. Ever. The place for that is Stage 3: Production.

And finally… Introducing the Innovation Process. (Part 1 of 3)

When talking about innovation, everyone focuses on ideas. The very meaning of innovation has become inseparable from raw ideas for most people. However, innovation is actually a process with 3 stages: ideas, development and production. The nature and tasks for each stage are quite different. Let’s explore Stage 1: The Idea Stage.