Understand The Needs Wants and Fears of Your Customers

Avoiding your bias on what you think your customers want

All your work, all your ideas, all your devotion and sacrifice mean nothing if you’re not confident of whom you are doing it for or why. In order to succeed—whether you are developing a new product, service, or process—you must understand the needs, wants, and sometimes fears of the person you are targeting. Why is […]

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Not Understanding Who Your Customers Are

Innovation Fail

A couple of years ago my kids gave my ninety-three-year-old grandma a digital picture frame for Christmas. It contained several hundred photos that they had painstakingly selected, organized, and then downloaded onto it. Every minute or so a new image of the kids living their lives would appear; exactly the kind of thing any grandmother […]

FAIL

Why You Need an Innovation System

An innovation system ensures you identify the best ideas

So, what happens if you don’t use an innovation system like FIRE to innovate and execute the strongest ideas? One of the biggest dangers of not having a way to identify and execute the best ideas is that weak ideas get selected and the results are disappointing. When this happens, management loses confidence that the organization […]

Innovation System

Constraint Based Innovation

Constraining Resources To Drive Innovation

One of the keys I’ve found to successful execution is constraint based innovation. It is exactly what it sounds like. When I’m in the execution phase of the innovation process and assigning teams to various ideas, I’ll ask them, “How long will it take for you to create the product?” Whatever answer they give me, […]

Constraint Based Innovation

How To Use A Stage Gate Funding Model To Create Your Innovation

Ensuring That Good Ideas Get A Chance To Prove Themselves

My motto throughout my career has been “Ideas without execution are a hobby, and I’m not in the hobby business.” Execution is a risk; it requires commitment, money, and manpower; but there’s no point going through the process of ideation if you’re not going to do anything with the end result. In the end, successful […]

Pitch Your Best Idea

Getting Your Organization Passionate About Executing The Best Ideas

The next stage is to consider how these ideas might be implemented by your organization. Step one is to think about how to pitch your best idea. Look at the top ideas and say to yourself as the leader, “These are great ideas—how can we execute them?”  The following questions will help you get to […]

pitch your best idea

Idea Ranking

Prioritizing The Best Ideas To Work On

Once you’ve generated your ideas the next step is idea ranking to determine the potential to become innovations. So, how do you decide which ideas to work on? The typical innovation process leaves that decision to the senior-level managers, which seems like a logical choice. They’re senior, so they should have the wisdom to make the […]

IDEA RANKING

Gray wave and assisted living

What will your company’s value chain look like in five years?

So, how do you determine where you, as an individual or a business, will be in five years? You can’t say where exactly you’re going because you can’t predict what’s going to happen in the world. However, you can challenge yourself to change. In 2001 Apple’s sales figures were in decline. The company had yet […]

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Weak Signals

How can I take advantage of emerging trends and fads?

“Weak signals” are the equivalent of a canary in a coal mine. They are the unspoken needs and wants of your customers, and they are also the arrows pointing to what your customers are going to need and want in the future, even if they themselves don’t know it yet. If you pay attention to […]

Weak Signals