Are all innovation scenarios same? Will one model work for all. Surely, no. In one scenario, you have a blank canvas to start with but also a directive to achieve something distinct at the end of the journey. Typically, this is when you wish to create some product or service for the future which …
Innovation is associated with a search for unusual methods and projects for significantly good results. Sure, do that. But before you get to the ‘search for unusual and new’, is there something you can do with the usual and the old for quite similar results? Yes, before you jump to new ways to making …
In the last post, we saw that there are different types of risks in innovation projects. Let us see how far can we de-risk. And, how. Risks are due to you not being able to predict the future course of things correctly. This assumes that the future course was predictable. E.g. the future of any …
Are innovation risks of different kinds? Well, since there are several types of innovations, there are several types of risks. Will you actually be able to make the product you’ve set out to? If so, will you be able to market it economically? If so, will the customer see enough value in it? On 25 May …
Existing formats of innovation systems cater for all the needs and preferences that the user can share with you. In addition to hearing directly from users, observation and other ethnography techniques used by trained innovators helps in getting to know facts that the users are not able to articulate themselves. But that still leaves one …