Innovation Without Tears

Innovation Without Tears

1. Managing Your Innovation Portfolio

   • Their managerial actions can be relied on to yield a stream of successful new offerings.
     • They are aware of a tremendous amount of innovation
     • The Companies develop their own support with respectable market uptake
       • New strategies
       • High economic performance
       • Skills to:
         • Develop
         • Try
           • In the market every day
         • Innovate
   • Innovation Ambition
     • Innovation
       • New creation that produces value
       • Initiatives across a broad spectrum of risk and reward
       • Greater production throughput in the world.
       • Incremental changes in products
       • Creating new Offers and businesses
     • The Innovation Ambition Matrix
       • Transformational
         • Developing breakthroughs and inventing things for markets that don’t yet exist
       • Adjacent
         • Expanding from existing business into “new to the company” business
       • Core
         • Optimizing existing products for existing customerst don’t yet exist
   • Innovation System
     • Talent
       • The skills needed for core and adjacent innovations are quite different from those needed for transformational innovations.
         • It uses a process of discovery and development of concepts
         • finds and analyzes social needs
     • Integration
       • Working with offers that generate profitability
       • Having teams that focus on innovations
     • Funding
       • It complies with little cash
       • Their funding should come from an entity
       • The Companies can create their own financing structure
     • Pipeline management
       • It ensures that businesses are progressing as planned
       • It includes mechanisms for monitoring initiatives
       • It includes mechanisms for monitoring innovation initiatives
     • Metrics
       • It is responsible for measuring traditional financial metrics
       • Stimate how much money the company will make when its innovation is launched in the outside world
       • Improves the team's ability to learn and explore