Monthly Archives: November 2017

Want to Nail Pricing? Understand Market Dynamics First

Want to Nail Pricing? Understand Market Dynamics First - Innovation Excellence

Pricing is a game – one with asymmetric and imperfect information. So what does this mean for you? Basically, you’re very unlikely to nail pricing the first time. And even if you do come close, you’ll have to adjust as your product and market mature. While you’ll never get pricing 100% right the first time, there’s no reason you shouldn’t set yourself up for the best possible chance at success.

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Peer Group “Scaling-Up”: Initial Survey Results

Peer Group “Scaling-Up”: Initial Survey Results - Innovation Excellence

As published in a recent post, we have initiated a Peer Group of leading European companies which share our view that Best Practices with respect to scaling up validated concepts (successfully emerging from the “Fuzzy Front End”) to business impact need to be in place to sustainably increase overall corporate innovation performance. It has become obvious that Scaling-Up really seems to be

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Pruning Your Root Cause

Process improvers the world over rally around root cause analysis as if it were the Holy Grail of all things organizational. But is it? Understanding the root cause of a problem certainly makes sense in the context of a present day situation carrying the potential for a correct answer or solution. In the process improvement world, problems center on reducing ...

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The Extraordinary Team Creation Manifesto

A New Science is showing us how staying in-the-flow may be the most important part of building extraordinary teams. “I will never consider defeat, and I will remove from my vocabulary such words as quit, cannot, unable, impossible, failure, and retreat, for these are the words of fools and cowards. ” — Georgia Smoke Diver Creed At one time or ...

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Let’s Not “Yada Yada” Innovation

Most Seinfeld fans are familiar with the concept of “yada-yada-ing” sex, like when Elaine met a lawyer, went out to dinner, had the lobster bisque, went back to her place and yada, yada, yada… she never heard from him again. It’s funny, because we all know — or think we know — what the yada, yada yada means. Unfortunately, as ...

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Ready or Not? Black Friday Online Shopping Frenzy

Ready or Not? Black Friday Online Shopping Frenzy - Innovation Excellence

Last year, online sales on Black Friday reached an all-time record of $3.34 billion, up 21.6 year-over-year...and this year's online sales are likely to exceed last year's record. Last year's holiday shopping surprise performance of online versus brick and mortar shocked the retail community and this year's Black Friday weekend will bring even more surprises.

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Age Diversity and Innovation Teams

Age Diversity and Innovation Teams - Innovation Excellence

There are lot’s of ways to increase diversity, but should this include age? Are we better of with younger, passionate teams that challenge the status quo, or more mature teams that leverage broader experience and expertise? Or are these both stereotypes, and age doesn’t really matter.

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