9 Critical Success FactorsFor creating value-achieving innovation
Dynamic Innovation - An Operational ModelFor developing a fuzzy front-end resource Breaking Down the SilosTo maximize your organization's innovation engine
In this HBR Blog, created by Jay F. Terwilliger with partner Mark H. Sebell and Vijay Govindarajan, this simple framework is used to determine the success of an innovative effort. It takes corporate will, a marketplace, and strategic competencies to succeed. In other words, successful innovation requires motive, means, and opportunity. Innovation efforts fail anytime they fail to deliver on all three of these domains strongly enough.
Over the last 22 years we have worked with hundreds of clients in over 35 different industries. This is important to establish because we know the following topic is a factor in any industry.
Product launches are complex. That was the main takeaway of the PDMA 2010 Lab E – Launch for Commercial Success which I had the privilege of attending today. The session kicked off with an apt and literal example: a NASA shuttle launch. When NASA launched the Saturn V rocket, its engineers were depending on the successful integration of 2 million distinct systems. 2 million! And, as Richard Koppel pointed out, NASA operates in a space (get it?) where getting it right the first time is “mission critical” – if something goes wrong, not only are millions of dollars wasted, but people die. Fortunately, product launches are not as high stakes as shuttle launches, but you still want to ensure your innovation is brought to market as seamlessly as possible. So how do you launch successfully given all of the variables, risks and uncertainties inherent in the process? Here are the top 7 themes of the day which will help you make sure all systems are go when you blastoff.
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