Smart connected operations allow manufacturers to leverage emerging technology to tap the well of data at their fingertips, creating insights at scale that can be used to improve operational performance and discover new business models.
Smart factories, enabled by augmented reality, predictive analytics, and the digital twin, may not be as futuristic as you think. Need inspiration to get started? Here's our vision of the factory of the future, and the people and processes that will be impacted.
When it comes to executing complex projects, clarity of communication yields results. Direct conversation provides an ideal climate that removes ambiguity and fosters real innovation in a project setting.
In the heat of any complex innovation project, there will be times where conflict arises around requests and commitments. Don't let these situations fester - escalate to quickly resolve the issue.
How does an effective manager get project participants to make commitments? By building joint accountability for project success through formal requests.
Trust matters. Commitment matters. For any complex project, upfront, cross-functional planning with critical dependencies identified is key to success. Commitments are important building blocks of the plan, and seeking these commitments is critical.
Bad habits can negatively impact innovation. Instill these behaviors in your innovation teams to improve results and sustain them over time.
Considering an open innovation initiative? Don’t take it lightly. For B2B companies who face unique additional challenges, identifying and achieving value can be especially difficult. If your company sees the value and is ready to get started, here are four critical steps that will help ensure success.
We hear a lot these days about applying open innovation concepts to improve innovation and product development processes. The value is clear for B2C companies, but B2B firms have different challenges and needs that have caused many to hold off. Despite the challenges, the open innovation payoff for B2B companies is significant if done correctly, especially in today’s resource-constrained R&D environments.
When managing the invention and development of a promising new technology, how do you most effectively deal with the uncertainties that exist? How does a thoughtful manager handle this? This third post in a three-part series introduces ways to address the uncertainty and risk in Open Innovation.
