There are many online tools that allow companies to co-create new products with customers and experts outside the organization to drive innovation. This session will discuss the strengths and weaknesses of open innovation platforms and identify critical success factors for external product development. It will also explore how new resources can help streamline the process from concept to launch while increasing customer engagement. Participants will evaluate tools for continuous input to monitor trends and identify opportunities.
Five Guidelines to Delivering Products that Create Impact in Communications, ...Cognizant
At the apex of innovation — with an emphasis on business outcomes and meaningful growth — exists not just one north-star discipline, but two: design and engineering. Long considered fundamentally separate entities, engineering and design have long led project plans and new ideas toward product development in their own streams; each approach with its many advocates. It’s time to shift to an evolved, technology-empowered design
mindset.
Achieving Innovation through Outcome EngineeringCognizant
In today's rapidly changing technical and competitive environment, the onus is on organizations to continuously develop innovative digital products. But, first they must ensure that both their design and digital product engineering teams are aligned from the beginning -- using an approach called outcome engineering.
In this 2 hr workshop, Novak’s leadership team will introduce participants to the principles and essential tools of people centric & experience focused innovation.
Five Guidelines to Delivering Products that Create Impact in Communications, ...Cognizant
At the apex of innovation — with an emphasis on business outcomes and meaningful growth — exists not just one north-star discipline, but two: design and engineering. Long considered fundamentally separate entities, engineering and design have long led project plans and new ideas toward product development in their own streams; each approach with its many advocates. It’s time to shift to an evolved, technology-empowered design
mindset.
Achieving Innovation through Outcome EngineeringCognizant
In today's rapidly changing technical and competitive environment, the onus is on organizations to continuously develop innovative digital products. But, first they must ensure that both their design and digital product engineering teams are aligned from the beginning -- using an approach called outcome engineering.
In this 2 hr workshop, Novak’s leadership team will introduce participants to the principles and essential tools of people centric & experience focused innovation.
The future of the business landscape: What's in store for companies?Deloitte United States
The forces of the Big Shift are driving both fragmentation and consolidation, fundamentally changing the nature of the relationships among businesses.
Many large companies are on shaky ground. Seismic waves are already shaping the landscape. The winners among large companies in coming decades will be those that position themselves on more solid ground in areas of the economy that will continue to support scale and scope economics. The evolving landscape, reshaped and reformed, is opening up large areas that will favor smaller, more focused, enterprises—creating opportunities for all of us to build viable small businesses that tap into our creative potential, but only if we know how to focus. Companies large and small have to be thoughtful about where they position themselves to be sustainable. Strategies of position are back with a vengeance. The time to act is now, before the ground shifts any further.
To read the full report, please visit: http://deloi.tt/2wg4k35
In this complimentary webinar, Toby Ward, CEO of Prescient Digital Media gives a behind-the-scenes look at the best intranets from the 4th Intranet Global Forum conference in LA.
Outcome Engineering 101: Five Guidelines to Delivering Products that Create I...Cognizant
It’s time to shift to an evolved, technology-empowered design mindset. As technology informs design, and good design arms technology to become most effective by engaging with users, the two now sit at the top of the product development pyramid to co-create success.
Outcome Engineering 101: Five Guidelines to Delivering Products that Create I...Cognizant
It’s time to shift to an evolved, technology-empowered design mindset. As technology informs design, and good design arms technology to become most effective by engaging with users, the two now sit at the top of the product development pyramid to co-create success.
a slide summary of the document
2016, "The Industrial IoT: Business Strategy & Innovation Framework", The Industrial Internet Consortium, www.iiconsortium.org
Peter's presentation on Monday's ASAE AGM08 "Associations Next Using Open Business Models to Create New Value". Slides have builds so play in slide mode.
Hackathon - Continuous Innovation by DesignRashmi Tambe
Hackathons being an intense, focused and time-boxed approach towards creative problem solving have increasingly become an important tool for fostering innovation and crafting software driven experiences. The presentation elaborates on following aspects -
• Hackathons as a tool to institutionalize innovation and bring transformation at speed
• Understanding the different flavors of hackathons and their relevance in different scenarios
• How Persistent is helping customers leverage hackathons for innovation
• The ‘How’ of organizing hackathons
(Presented At Zinnov Confluence 2016 )
The "digital enterprise" may seem like a fuzzy marketing concept, but the impact to most IT organizations is clear: apply software innovation to drive deeper engagement with customers and front-line employees.
This transformation requires connecting innovation teams with core IT through lean startup disciplines, visionary leadership, lean analysis, agile architecture, agile development, lean data management and DevOps.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a collection of PowerPoint diagrams and templates used to convey 20 different digital transformation frameworks and models.
INCLUDED FRAMEWORKS/MODELS:
1. Ten Guiding Principles of Digital Transformation
2. The BCG Strategy Palette
3. Digital Value Chain Model
4. Four Levels of Digital Maturity
5. Customer Experience Matrix
6. Design Thinking Framework
7. Business Model Canvas
8. Customer Journey Map
9. OECD Digital Government Transformation Framework
10. Accenture's Nonstop Customer Experience Model
11. MIT's Digital Transformation Framework
12. McKinsey's Digital Transformation Framework
13. Capgemini's Digital Transformation Framework
14. DXC Technology's Digital Transformation Framework
15. Gartner's Digital Transformation Framework
16. Cognizant's Digital Transformation Framework
17. PwC's Digital Transformation Framework
18. Ionolgy's Digital Transformation Framework
19. Accenture's Digital Business Strategy Framework
20. Deloitte's Digital Industrial Transformation Framework
Right at the top of the sceptical heap is the Board of Directors. You may have collated the necessary stats, analysed the opportunities and threats and identified the technologies that could transform how you do business. But all of this is for naught if you cannot convince the Board, for whom most of your arguments may be far outside their scope of experience.This is a communications challenge, not merely a strategic one.
So how do you persuade the board?
Customer Collaboration & Product Innovation Using Social NetworksJohn Carter
This presentation to the Silicon Valley PMI Annual Symposium discusses the migration of social networks into products and product development processes. It presents the best practices and pitfalls of innovating with customers using social media and suggests some next steps for companies that are new to the use of social networks in product development.
The future of the business landscape: What's in store for companies?Deloitte United States
The forces of the Big Shift are driving both fragmentation and consolidation, fundamentally changing the nature of the relationships among businesses.
Many large companies are on shaky ground. Seismic waves are already shaping the landscape. The winners among large companies in coming decades will be those that position themselves on more solid ground in areas of the economy that will continue to support scale and scope economics. The evolving landscape, reshaped and reformed, is opening up large areas that will favor smaller, more focused, enterprises—creating opportunities for all of us to build viable small businesses that tap into our creative potential, but only if we know how to focus. Companies large and small have to be thoughtful about where they position themselves to be sustainable. Strategies of position are back with a vengeance. The time to act is now, before the ground shifts any further.
To read the full report, please visit: http://deloi.tt/2wg4k35
In this complimentary webinar, Toby Ward, CEO of Prescient Digital Media gives a behind-the-scenes look at the best intranets from the 4th Intranet Global Forum conference in LA.
Outcome Engineering 101: Five Guidelines to Delivering Products that Create I...Cognizant
It’s time to shift to an evolved, technology-empowered design mindset. As technology informs design, and good design arms technology to become most effective by engaging with users, the two now sit at the top of the product development pyramid to co-create success.
Outcome Engineering 101: Five Guidelines to Delivering Products that Create I...Cognizant
It’s time to shift to an evolved, technology-empowered design mindset. As technology informs design, and good design arms technology to become most effective by engaging with users, the two now sit at the top of the product development pyramid to co-create success.
a slide summary of the document
2016, "The Industrial IoT: Business Strategy & Innovation Framework", The Industrial Internet Consortium, www.iiconsortium.org
Peter's presentation on Monday's ASAE AGM08 "Associations Next Using Open Business Models to Create New Value". Slides have builds so play in slide mode.
Hackathon - Continuous Innovation by DesignRashmi Tambe
Hackathons being an intense, focused and time-boxed approach towards creative problem solving have increasingly become an important tool for fostering innovation and crafting software driven experiences. The presentation elaborates on following aspects -
• Hackathons as a tool to institutionalize innovation and bring transformation at speed
• Understanding the different flavors of hackathons and their relevance in different scenarios
• How Persistent is helping customers leverage hackathons for innovation
• The ‘How’ of organizing hackathons
(Presented At Zinnov Confluence 2016 )
The "digital enterprise" may seem like a fuzzy marketing concept, but the impact to most IT organizations is clear: apply software innovation to drive deeper engagement with customers and front-line employees.
This transformation requires connecting innovation teams with core IT through lean startup disciplines, visionary leadership, lean analysis, agile architecture, agile development, lean data management and DevOps.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a collection of PowerPoint diagrams and templates used to convey 20 different digital transformation frameworks and models.
INCLUDED FRAMEWORKS/MODELS:
1. Ten Guiding Principles of Digital Transformation
2. The BCG Strategy Palette
3. Digital Value Chain Model
4. Four Levels of Digital Maturity
5. Customer Experience Matrix
6. Design Thinking Framework
7. Business Model Canvas
8. Customer Journey Map
9. OECD Digital Government Transformation Framework
10. Accenture's Nonstop Customer Experience Model
11. MIT's Digital Transformation Framework
12. McKinsey's Digital Transformation Framework
13. Capgemini's Digital Transformation Framework
14. DXC Technology's Digital Transformation Framework
15. Gartner's Digital Transformation Framework
16. Cognizant's Digital Transformation Framework
17. PwC's Digital Transformation Framework
18. Ionolgy's Digital Transformation Framework
19. Accenture's Digital Business Strategy Framework
20. Deloitte's Digital Industrial Transformation Framework
Right at the top of the sceptical heap is the Board of Directors. You may have collated the necessary stats, analysed the opportunities and threats and identified the technologies that could transform how you do business. But all of this is for naught if you cannot convince the Board, for whom most of your arguments may be far outside their scope of experience.This is a communications challenge, not merely a strategic one.
So how do you persuade the board?
Customer Collaboration & Product Innovation Using Social NetworksJohn Carter
This presentation to the Silicon Valley PMI Annual Symposium discusses the migration of social networks into products and product development processes. It presents the best practices and pitfalls of innovating with customers using social media and suggests some next steps for companies that are new to the use of social networks in product development.
PCSC2: "The Experience Economy" - What it Means for Product Development and I...Product Camp SoCal
Mike Alvarado and Jeof Bean's presentation from ProductCamp SoCal. Held November 6, 2010 at Cal State Fullerton - The Mihaylo College of Business & Economics.
The Innovation Game: Why & How Businesses are Investing in Innovation Centers Capgemini
With tech startups rapidly eating into traditional sectors, large organizations face an increased pressure to innovate. The challenge is that traditional innovation approaches are broken. A recent study revealed that only 5% of R&D staff feel highly motivated to innovate. In certain sectors, more than 85% of new products fail and an overwhelming 90% of companies consider they are too slow in launching new products and services.
The weaknesses of traditional innovation approaches have led some organizations to explore different avenues and seek new inspiration. These organizations have launched innovation centers in major technology hubs with the explicit mandate to accelerate digital innovations. These innovation centers, comprising teams of people and often physical sites, are established in a global tech hub. The goal is to leverage the ecosystem of startups, venture capitalists, accelerators, vendors, and academic institutions that these hubs provide.
We interviewed leaders of innovation centers and conducted an extensive research study of the 200 largest companies in the world to identify best practices and critical success factors.
Global technology hubs are the preferred destinations for setting up innovation centers. 60% of companies that have set up these centers have a presence in the Silicon Valley but many more hubs are emerging – the top 10 cities in our analysis represent only 33% of total innovation centers. The US had the largest share with 31% of total innovation centers closely followed by Europe at 30% & Asia at 22%. Penetration varies significantly between sectors; manufacturing is a clear leader at 58%, but despite facing increasing pressures from digital disruptions, Financial Services lags at only 28%.
Innovation centers offer a range of benefits. They:
• Accelerate the speed of innovation
• Provide a fresh source of ideas
• Enhance risk-taking ability
• Attract talent
• Drive employee engagement
• Build a culture of innovation.
It is extremely challenging to make a success of innovation centers. The long list of critical success factors is a testimony to the size of the challenge. These factors range from clarity on the role of the innovation center to governance for innovation implementation. For example, innovation centers should not peer so far out into the future that it becomes disconnected from current realities. But, it should not confine itself too closely to the parent’s current operations to make breakthrough innovation impossible.
The advent of thriving technology hubs has created an innovation ecosystem that traditional organizations can tap into. By combining the culture and approach of innovation centers with their budget firepower and access to markets and customers, traditional organizations have an excellent opportunity to re-energize their innovation capability.
The Product Dev Conundrum: To Build or Buy in a Digital World?Aggregage
Any PM or technical leader who’s led the charge of building a digital product knows that product engineering is one of the most expensive elements of business. In most cases, actually building software should be the last avenue that companies explore to deliver great products, as software engineering, data science and product development are complex, uncertain and hard to manage.
Social Intelligence by Bill Baker, CTO, Visible Technologies (former GM of Mi...Laura Edell
Social Media and Business Intelligence converge to yield an amazingly rich content source for driving all types of business, not just media companies. The key is to understand your web traffic and how to report using tools to do so without causing major headaches or heavy analytical lifting.
Atlanta's BridgeCommunity commercialization program is in its 3rd year. Get an overview of how startups and corporations are working together to extend their capabilities.
The Business Case For Corporate Social Networks For O2David Terrar
Revised version of The Business Case for Corporate Social Netwoks - enterprise 2.0, social media for business, internally & externally, case studies - delivered to the O2 Corporate Advisory Council 24th and 26th November 2009
DAN Brand Accelerator: Client Pitch KeynoteJason Newport
Here is the Brand Accelerator pitch deck I began using to pitch current clients more than two years ago. I refined as we advanced through each phase once clients had signed on and we adjusted as necessary. I pitched this to more than twenty clients, all household brand names -- an converted each of them. Not a single brand declined to move forward.
This presentation was from the webinar "Crowdsourcing for Product Managers" held on May 31/11. It looks at crowdsourcing as an option for product managers to help build better products, stay in tune with the market, and create stickiness with prospects and customers.
"Your Secret Weapon for Success: Delivering What Customers Value Most" by Ellen Grace Henson & Jennifer Berkley Jackson at Silicon Valley Product Camp 2011
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
In the Adani-Hindenburg case, what is SEBI investigating.pptxAdani case
Adani SEBI investigation revealed that the latter had sought information from five foreign jurisdictions concerning the holdings of the firm’s foreign portfolio investors (FPIs) in relation to the alleged violations of the MPS Regulations. Nevertheless, the economic interest of the twelve FPIs based in tax haven jurisdictions still needs to be determined. The Adani Group firms classed these FPIs as public shareholders. According to Hindenburg, FPIs were used to get around regulatory standards.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
2. There are a plethora of web-based tools to co-create new products with customers and develop relationships with experts outside your organization to drive innovation and solve product road-blocks. This session will debate the strengths and weaknesses of the various open innovation platforms that deliver experts or new ideas and identify the critical success factors to external sourcing. This session will also look at new resources to help short cut the process from concept to launch while increasing customer engagement. Participants will evaluate the best tools for building a continuous input stream to monitor trends and identify new opportunities. 4/2/2011
3. 4/2/2011 NPD 2.0… It’s about access… “No matter who you are, most of the smartest people work for someone else.” Bill Joy, cofounder of Sun Microsystems
4. 4/2/2011 …and trust When asked what was the most significant lesson he had learned from his peer-to-peer auction site, he replied, “…that 135 million people have learned they can trust a complete stranger.” Pierre Omidyar, eBay founder
7. NPD 2.0 Best Practices Clear strategy for using NPD 2.0 in overall strategy Plan for IP ownership/sharing/revenue model Utilize opportunity to source innovation from the outside in and also put out IP for others to innovate with Open Requirements and Modularity Break off discrete components of a new product or business challenge and reintegrate once solution is identified Build trust Plan for win-win Give feedback not to only to recognize their contribution but to provide additional guidance or understanding about your choices Networking Facilitate the exchange of ideas within the enterprise and across the globe Identify talents that otherwise don’t have visibility 4/2/2011
8. 4/2/2011 When do you engage with customers? During which of the following stage gate phases do you regularly get customer input? Product Development Lifecycle Vision Define Business Define Product Develop Product Test Product Deliver Product SustainProduct
76. Start your NPD 2.0 program now Start somewhere Leverage the no cost/low cost options to provide proof of concept Target champions in your organizations to build support and then build on your successes Build trust with both your internal and external partners Implement NPD 2.0 in alignment with strategy and company culture Compensate fairly; reward liberally Develop an integrated NDP 2.0 strategy Plan for what remains internal and what can be assigned to external experts or customers Utilize multiple tools/multiple vendors 4/2/2011
78. About the Presenter… Patrina Mack, Managing Partner of Vision & Execution, consults with established and emerging technology companies in the U.S., Europe, Russia and Israel. Ms. Mack works with clients to optimize their product and business strategy to enhance customer adoption and market penetration. She has more than 25 years experience in business-to-consumer and business-to-business product, marketing and operational strategy and implementation. Her industry expertise spans the Internet, cleantech, healthcare, telecom, software, financial services, and consumer products. Ms. Mack is a member of the Advisory Board for Innovation Center Denmark-Silicon Valley. She also serves as an Advisor to TechCoire and previously served as Western Regional Director for the Product Development and Management Association, and as Sustainability Mentor to CA Cleantech Open. She is a certified New Product Development Professional through the PDMA. As part of her consulting practice she leads workshops to help companies apply NPD 2.0 to optimize their product development process and increase customer engagement. Prior to founding her consulting practice in 1999, Ms. Mack was responsible for the global launch of NetGravity'sSaaS solution. NetGravity, one of Forbes' ASAP Dynamic 100 Companies, introduced the first ad serving software. At her previous company, AirTouch, she was responsible for assessing and developing market opportunities for PCS wireless, international licenses and new services. Ms. Mack started her career consulting with Urban Wallace & Associates serving the consumer products and financial services industries. 4/2/2011
Editor's Notes
So nowlet’s review what should be considered when opening up the innovation process internally or externally.First, do you present the entire problem or a discrete component of the problem? Framing the problem for the targeted solvers is critical to your success and a factor of how you plan to manage the IP, if there is any involved with the challenge.Do you need to go broad or deep? To some extent this will depend on the solution provider you choose and it’s an important issue to address when selecting your vendor. Some platforms vet their experts before they’re invited to be a solver and tend to be deep in select areas of expertise while others rely on votes to evaluate the credibility of a particular solver for a given subject.Are you casting a wide net or geographically specific net. New NPD 2.0 solution emerge every day around the globe and tend to be populated by the natives…you might choose to submit a challenge to a region your organization is not familiar with in order to gain more insight about entering that market. STB example.Is this a problem that can be solved by a single expert or does it need a team approach? As the NPD 2.0 platforms mature, they increasingly include capabilities to facilitate team problem solving.Is this a challenge should be solved internally or leverage knowledge outside of your organization? Prediction markets are a great example of leveraging internal expertise and many of the solutions out there can be used in an open manner or in a closed enterprise application. If you’re standardizing on one platform be sure to work with a vendor that provides both an open and enterprise solution.And lastly, the most important thing to consider is how to reward. There is an assumption out there that ideas are free – in a bad economy that’s closer to being true. As the economy improves and as you consider your internal costs for managing NPD 2.0 solutions, it’s critical to get the reward and recognition right so you’re not wasting your time. To illustrate this, Dell’s use of Salesforce.com’s Ideastorm platform generated approximately 10,000 ideas by the community, based on 1 million unique users and more than 670,000 positive votes with approximately 4,000 comments per month. They employ full-time engagement managers to oversee this solution. The benefit is that 200 ideas were implemented by Dell as of July 2008, and 4% of the ideas were considered break-through ideas.So now that we’ve reviewed what to consider when implementing NPD 2.0, let’s now review a summary of best practices.
Most importantly have a clear strategy for engagingexternallyNPD 2.0 tools are relatively inexpensive but not without cost, particularly the soft cost of staff. Identify weaknesses in the organization either in terms of expertise or unacceptable costs/time delays to know where to insert NPD 2.0 tools in the process. Make sure that you leverage NPD 2.0 tools by having the right reward mechanism in place by either granting IP ownership/royalties to the solver, having a shared ownership of the IP or providing a cash prize while you retain ownership. Using NPD 2.0 resources is not very different from using an RFP process.You need to scope the project correctly. Requirements need to focus on functions and parameters to be delivered rather than preconceived solutions. You can neither be too specific nor too broad if you want to create the environment for your internal and external partners to be successful. And, if your brief stops you from making cross industry connections you’re going to miss out on big opportunities for faster, lower cost and bigger impact innovation. But most importantly you need to ensure that you can integrate the solutions produced by your challenges.Engaging your community or experts outside your organization requires a win-win attitude.This means keeping your commitments, having an open channel of communication and feedback on the ideas the community is delivering to you and ensuring that the community is recognized for their contribution. It also means being open to radical or unexpected options and recognizingthat potential solutions can come from anywhere.And lastly, take advantage of the global resource pool available to you through NPD 2.0 solutions. Don’t let your surprise about where the idea originates from keep you from recognizing the merit of the solution. NPD 2.0 tools provide great access into the hidden talents within your organization and around the world.Now, another quick poll before we look at some of the tools available to you….
We just saw a great example of a firm that was able to develop the right products at the right time. They didn’t implement every NPD 2.0 approach overnight but continued to build on their successes and enhancing customer engagement. So where do you start?