In my first post, I introduced the idea of BIGs or Breakthrough Innovation Groups. They are defined as having three specific characteristics: Read More

In the early days of Product Data Management (PDM) systems through today's Product Lifecycle Management (PLM) systems, I have had the opportunity to participate in the evolution of improvement, realized business value and subsequent widespread PLM adoption among product development organizations.... Read More

A recent Forrester Research survey shows that only 11% of marketers have budgets specifically designated with allocations for marketing innovation. The research also found that the majority of companies, almost half of which have over $1 billion in annual revenues, are still in the early stages of... Read More

When it comes to innovation and product development, the need for regulation comes from many sources. Public safety, environmental, and intellectual property issues all need to be addressed and handled in a fair manner throughout defined markets like NAFTA and the EU. Furthermore, the requirements... Read More

Organizations are proud of their accomplishments. However, even the Apples and Coca-Colas of the world fail (think Newton and New Coke). According to The Product Development Institute, out of one hundred ideas there are about seven concepts generated. Those seven concepts, in turn, become perhaps... Read More

Imagine running a very successful idea campaign, which had 80% participation and generated 1,368 ideas – WOW! Your initial response would probably be euphoria, but that would quickly be replaced by the daunting task of reviewing the massive amount of ideas. If you follow some standard review best... Read More

As the economy stumbles its way into recovery, anecdotal evidence suggests the ‘ideation' market has found its voice already, with discrete idea management software firms reporting increased activity if not profitability. Read More

We all know a "penny pincher," those consumers out there who have a self-perception of being frugal or thrifty, while their friends see them as stingy or tight. To be fair, at one time or another, most have mimicked this behavior to save money. With the increasing cost of commodities, many... Read More

Think of a small company. People get together to think and dream; they come up with ideas. If funded, those people then turn those ideas into reality and bring products to market. Sounds easy. Read More

If you ever wonder about the maturity of your company's ideation process, these four levels are a simple yardstick – whether you have software to support them or not. Read More