How centralized innovation groups improve idea management
Length: 14 Pages; Company insights: OVO, DSM, Hanning, Whirlpool
Overview
Since most innovation is product oriented and incremental in nature, innovation is traditionally thought of as something that happens within R&D or the product management functions. However, even with innovation occurring in these groups – probably the easiest to manage and measure of all innovation locations – the process of innovation is rarely a well-oiled machine. With the aid of a centralized unit of innovation, this Quick Insight aims to demonstrate how it can become one.
Implications
Where groups are allowed to create their own processes and databases, there is a significant opportunity for redundancy and rework and little opportunity for groups to learn from each other and take advantage of corporate knowledge.
In particular, this Quick Insight demonstrates:
Originality
With thought leader Jeffrey Phillips’ views on the problems with innovation in specific groups and his recommended solutions, this Quick Insight focuses on the theory of why and how a central innovation unit can assist the innovation process within small, focused teams. In addition, it offers case examples of how this approach has been successful in practice.
Structure
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External scouting for innovative Ideas, Technology, Products and Services |
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Key components of managing NPD project teams |