Product Innovation

Quality, Speed, and Cost: How to achieve all three in Innovation

Rear view of businesswoman holding gears in palm

Quality, Speed, and Cost. Pick Two. A long-standing belief across chemical and industrial product companies is that it’s not possible to rapidly produce low-cost, high-quality products. Many companies dedicate their best manufacturing equipment and people to quickly develop and launch a high-quality product, but these additional resources drive up costs unexpectedly. In other situations, management decides to deliver a very ...

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CPG Brands Struggle as Consumers Demand ‘Supply Chain’ Transparency

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Understanding consumer needs and demands and then adapting to them often requires companies to change their processes and innovate. In a recent podcast, AgFunderNews addressed how CPG brands are struggling to be transparent throughout the supply chain. As consumers shift and become more socially and environmentally responsible, Fortune 500 companies and startups are seeking R&D consultants like PreScouter to uncover ...

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Using Agile Product Portfolio Management

Agile Portfolio Management

  Product managers and organizational leaders turn to portfolio management after they have two or more products to simultaneously manage. It reduces headaches and wasted effort. Traditional product portfolio management is the discipline and framework for applying your two most precious organizational resources—your people and your money—to get the greatest value out of your product investment. The primary goal is value maximization. ...

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TED Global: Open-Source, Open World [video]

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Embrace our wide-open shareable future where everything’s hackable and the power of the crowd propels innovation… Massimo Banzi helped invent the Arduino, a tiny, easy-to-use open-source microcontroller that’s inspired thousands of people around the world to make the coolest things they can imagine — from toys to satellite gear. Because, as he says, “You don’t need anyone’s permission to make ...

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Defining Portfolio Scope: Is it Necessary for Effective Portfolio Management?

businessman drawing business plan tree with black marker

Many of our clients ask if they need to specifically define what projects, products or offerings should be included in their product portfolios and what should be left out. Leading portfolio management practices advocate the need for defining portfolio inclusion criteria. Why is it necessary to define your portfolio’s scope? There are at least two compelling reasons: clear portfolio ownership ...

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Using Tech Scouting Software to Source and Manage Technologies [video]

Discovery used to be relatively easy. But, over time it has become harder and harder to find the next great innovation. Wellspring for Technology Scouting software was developed to deliver a simpler and more efficient way to find and manage technologies. It streamlines the process by addressing the hidden costs of modern innovation. Wellspring for Technology Scouting from Wellspring on ...

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How to Start Innovation with an Idea

The Innovation Maze

The Idea Route Google, currently a company with a market capitalization of $ 500 billion, started as just an idea. In 1995, the idea for “downloading the entire web onto computers” came to Google inventor Larry Page in a dream when he was 23 years old. He claimed, “I spent the middle of that night scribbling out the details and ...

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