Consumer Innovation

Does the new need to be new?

Does every innovation need new technology, or a new manufacturing process, or a new patent? Does it need to be new for the sake of it? Not if you understand exactly what you have before you start, and how it can be exploited further to meet new demands in the marketplace.

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What Types of Innovation Projects Should Be Included In Your Portfolio?

Question: We’re a very large, well-known consumer products company, and our portfolio is actually quite complex, as we have many different types of initiatives included, all at vastly different stages. In fact, we often debate whether certain projects should be included at all. Do you have any leading practices related to defining what should be included, what should be left ...

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When More Innovation Isn’t Your Best Option

Stressed Innovator

The more innovation, the better. That seems to be the going mantra. After all, who wouldn’t want to come up with something new? You can gain additional share of existing markets, or even create new ones. But there comes a tipping point. One where more innovation doesn’t help a business. It hurts it. When improperly paced (i.e., pacing too many ...

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Can You Prevent Your Idea from being Rejected?

When you have come up with great ideas the question is how to make them reality. In practice, I have learned that if they don’t fit your organizational goals, your idea will be rejected and nothing will materialize in the end. It is essential to check this fit as early as possible in your innovation journey. Fending off  ‘No’ The ...

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Innovative IoT Ups and Downs (Still) Hinge Largely On Security

Innovative IoT's Ups and Downs (Still) Hinge Largely On Security - Innovation Excellence

The idea of an IoT future is both exciting and terrifying. Unfortunately, for every wonderful idea made plausible by the IoT, there are still core issues that need to be worked out. With consequences ranging from annoying to potentially deadly, it’s hard to weigh the potential benefits made plausible and possible by innovation in the IoT against the dangers that the same systems will inherently expose us to. Nevertheless, we must look ahead and realize that even if the IoT is-coming-no-matter-what, there is no similar promise that follows in terms of security and disaster mitigation--at least not yet.

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