A recent Gartner CEO survey revealed that CEOs identify growth from innovation as one of their top priorities. Unfortunately, this same survey revealed that only 50% of companies are satisfied with their return on innovation investment.
In their quest to deliver better innovation results and return on innovation investment, many organizations are evaluating their front end of innovation (FEI) practices to improve the value of ideas and the pace of advancing qualified ideas into new product development (NPD) projects for commercialization.
High performers today realize that FEI is not simply about generating and selecting the best ideas, it is about making sure that the best ideas can turn into winning new products and services that deliver in-market results. The critical need is establishing a holistic, integrated approach that balances creativity in the fuzzy front end with the more systematic product development and execution processes to deliver the highest value.
Over the years, capabilities around the front end of innovation (FEI) have evolved significantly. So what is still preventing organizations from delivering results? Take a holistic look into your innovation processes, systems, capabilities and…
To develop a truly creative organization, companies must create an environment that enables light bulb moments in a repeatable, relevant way. Not so simple. Here are some tips to combine creativity with discipline to help master the fuzzy front end.
A well implemented gate review process allows leadership to evaluate projects from a business perspective at critical junctures, leaving day-to-day project execution to an accountable project team. So why are so many of these same companies…
Even companies with gated processes in place fall short of innovation goals because they need guidance on what happens “between the gates”. Here are some practical tips for project teams who want to improve product requirements…