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The innovation infrastructure and master plan described in this
book offers a detailed and comprehensive approach to one of the
most difficult and challenging problems facing entrepreneurs
involved in innovation at any scale enterprise: the problem of how
to govern your organization's innovation initiatives in the middle
of turbulent change. Progress in any field requires the development
of a framework, a structure that organizes the accumulating
knowledge, enables people to master it, and unifies the key
discoveries into a set of principles that makes them understandable
and actionable. For starters, successful innovation requires an
integrated design process, beginning with integration in the design
of the enterprise, the design of the product, along with the design
and implementation of new technologies. Such an integrated design
effort requires good collaboration and management of the design
framework, and should be supported by efficient knowledge
management techniques and tools; If innovation is to help a
business grow and improve its competitiveness, it is also important
to plan the innovation carefully. This book provides a holistic,
multidisciplinary framework that will enable your organization and
its leaders to take a strategic approach to innovation. The
framework combines non-traditional, creative approaches to business
innovation with conventional strategy development models. The
framework model brings together perspectives from many
complementary disciplines: the non-traditional approaches to
innovation found in the business creativity movement;
multiple-source strategy consulting; the new product development
perspective of many leading industrial design firms; qualitative
consumer/customer research; future-based research found in think
tanks and traditional scenario planning; and organizational
development (OD) practices that examine the effectiveness of an
organization's culture, processes, and structure. Though some ideas
may just "fall from the sky" or "come out of the blue", an
organization should also have a strategic vision of how the
business and the enterprise will successfully develop. It should
not just wait for the innovation to arrive arbitrarily, but rather
proactively plan for innovation incorporating market trends, the
competitive landscape, new technology availability, and changes in
customer preferences and trends in order to create a flexible
in-house innovation process. Such an enterprise will also
pro-actively manage the knowledge supply chain that supports
innovation, as outlined in this book #7 of Management Handbook for
Results series. The framework outlined in this handbook consists of
a well-integrated cohesive set of practices that inspires
imaginative innovation teams to look beyond the obvious and explore
a broad range of possibilities to identify significant
opportunities and make informed decisions about the most promising
paths to pursue. The goal is to create a shared vision for growth,
along with defining pragmatic action plans that bridge from the
future back to the present, while attempting to align the
organization around the requirements for success.
Value proposition, an old concept, is taking on new significance in
today's innovation-driven environment. Business focus has shifted
from developing many creative ideas to developing only those that
will successfully flow through the product cycle and fulfill a
customer need. The old approach resulted in less than a 10 percent
success rate for concepts that started through the product cycle;
this can no longer be tolerated. This new book on value
propositions outlines a systematic approach to making an early
evaluation of potential projects and programs so you can determine
if they can add real value to your organization or its customers
potentially saving you millions of dollars and months of valuable
time. Focusing on the necessary data collection efforts, Maximizing
Value Propositions to Increase Project Success Rates will help you
identify easy opportunities for improvement and will guide you
through the process of creating value propositions for the ideas
that will drive the organization's future profits. It outlines a
four-stage approach to creating value propositions and explains how
to create effective value proposition documents. The book
illustrates the role of the opportunity center in capturing new
ideas, describes how to present value propositions to management,
and includes an example of a new product value proposition.
Detailing a method for continuous review of the improvement
process, it will help you foster an entrepreneurial mind-set within
your employees and encourage them to actively search and document
value-adding ideas. Through the effective use of value propositions
it is completely possible for your organization to increase the
number of new products/services it offers to your customers by over
100 percent. It is not unusual for this to result in more than a 40
percent increase in profits per year. Adopting the approach
outlined in the text for using value propositions can save your
Value proposition, an old concept, is taking on new significance
in today s innovation-driven environment. Business focus has
shifted from developing many creative ideas to developing only
those that will successfully flow through the product cycle and
fulfill a customer need.
The old approach resulted in less than a 10 percent success rate
for concepts that started through the product cycle; this can no
longer be tolerated. This new book on value propositions outlines a
systematic approach to making an early evaluation of potential
projects and programs so you can determine if they can add real
value to your organization or its customers potentially saving you
millions of dollars and months of valuable time.
Focusing on the necessary data collection efforts, Maximizing Value
Propositions to Increase Project Success Rates will help you
identify easy opportunities for improvement and will guide you
through the process of creating value propositions for the ideas
that will drive the organization s future profits. It outlines a
four-stage approach to creating value propositions and explains how
to create effective value proposition documents.
The book illustrates the role of the opportunity center in
capturing new ideas, describes how to present value propositions to
management, and includes an example of a new product value
proposition. Detailing a method for continuous review of the
improvement process, it will help you foster an entrepreneurial
mind-set within your employees and encourage them to actively
search and document value-adding ideas.
Through the effective use of value propositions it is completely
possible for your organization to increase the number of new
products/services it offers to your customers by over 100 percent.
It is not unusual for this to result in more than a 40 percent
increase in profits per year. Adopting the approach outlined in the
text for using value propositions can save your organizations
millions of dollars and much time. What could be better than
reducing costs "while" increasing sales?"
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