Innovation Strategy
Where the Best and Worst Ideas Come From
Group brainstorming excels at generating both very good and very bad ideas.
Group brainstorming excels at generating both very good and very bad ideas.
Recent Supreme Court rulings have changed IP protections.
Innovation in developing markets has less to do with finding new customers than addressing issues of product acceptability, affordability, availability and awareness.
Most companies segment their markets by customer demographics or product characteristics and differentiate their offerings by adding features and functions. But the consumer has a different view of the marketplace. He simply has a job to be done and is seeking to “hire” the best product or service to do it. Marketers must adopt that perspective.
A framework called the “innovation radar” can help companies identify opportunities for innovation.
Some techniques seem to drive new product development better than others.