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.
When innovation growth fails to meet goals and objectives, many executives turn to mergers and acquisitions to buy the required capabilities. But after the fanfare is over, the operations executive who has to actually implement is left with an enormous challenge and no clear path to success.
Who is the right executive to lead innovation in your company? It may not be who you think.
The most successful executives kill New Product Development (NPD) projects as early in their development cycle as possible. It might sound cold, but choosing to relentlessly evaluate the merits of NPD projects early on pays dividends in the long run.
When projects miss scheduled gate review dates, new product development project teams and their executive sponsors place the blame on a number of factors, while wondering how to improve things next 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.
