It pays to spend time and resources prior to development to engage in Front-End of Innovation activities which can generate a steady stream of successful new products.
Ideation for product innovation: What are the best methods?
1. The various practices of front-end innovation and theireffectiveness Dave Caissy, eng. M.Eng., NPDP, PMPdcaissy@zba.ca
2. Study on the performance of various FEI practices Dr. Robert Cooper and Dr. Scott Edgett, March 2008
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5. High: 7 Popular and effective 6.5 6 Rated effectiveness (0 to 10) 5.5 5 4.5 Not too popular and rated ineffective Low: 4 5% 10% 40% 0% 35% 20% 25% 30% 15% Percent extensively using
50. A few Front-End Innovation practices for identifying opportunities and generating ideas Internal idea submission process (Gate 1) External idea submission process Inventor Licensor Customer visits North American trade shows European and worldwide trade shows Explore related products (peripheral vision) Develop a new bank of ideas Apply a divergence- and convergence-based creative process Brainstorming (standard, idea link, idea banks) Idea generation performance metrics HR profile mix Ethnography Lead users Innovation culture fostering innovation (i.e. 3M) Get customers involved early on in the development process Technology push (disruptive technologies) Shift position in the company Merger and acquisition Suppliers Patent mining Market intelligence Internal & external team of experts Maximize the sales force Private and public research laboratory Customer satisfaction survey Customer advisory board Identify gaps in the product offering Trend analysis Technology roadmap Prospective market analysis Secondary market research Market study Overall product portfolio mapping Jack Welch’s “Destroy your Business” exercise Identify latent needs External idea contest Focus groups Blue Ocean Strategy Open innovation Technology Stage-gate Et encore plus…
52. Study on the performance of various FEI practices Dr. Robert Cooper and Dr. Scott Edgett, March 2008
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55. High: 7 Popular and effective 6.5 6 Rated effectiveness (0 to 10) 5.5 5 4.5 Not too popular and rated ineffective Low: 4 5% 10% 40% 0% 35% 20% 25% 30% 15% Percent extensively using
60. Another company’s market A new market Licensing, Spin-off Internal technology Our current market New corporative entity External technology External technology Open innovation
143. Practicaladvice FEI practices must first be optimized, and then diversified... Start with your current practices Improve their performance (optimize) Then, add new practices (diversify) Caution: This should not be the sole responsibility of the marketing department!