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Categories
100 Days of Innovation
About Jim Carroll About the recession Articles Branding & marketing Change Faster Gen-Y & Gen-Connect Global economy How to be innovative Human capital issues Industry - Agriculture Industry - Associations Industry - Consumer & food Industry - Education Industry - Financial Industry - Health Care Industry - Hi-tech Industry - Manufacturing Industry - Prof. services Industry - Retail Innovation Keynotes Leadership Press Strategy Trends Video |
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Jim Carroll's blog | ||||||||||
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Recent video clips
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When thinking about new product or service development, don't do it in isolation. Seek advice and guidance from your business partners -- or, even let them drive the innovation agenda.
This is the lesson I learned from a large company in the consumer goods/entertainment space. They had traditionally been responsible for an innovation plan that went like this:
They then realized that trends and consumer choice was evolving so fast, that they no longer had a truly good grasp on the innovation agenda that they should be pursuing. They also came to realize they were taking product to retailers -- but the depth of insight from retailers meant that they saw entirely different product and market opportunities. So what did they do? They went out side -- and learned how to work with the retailers, by having the retailers do much of the product innovation. Soon, the innovation pipeline worked like this:
Going upside-down is a powerful innovation concept -- it challenges you to do things differently. More important, it pushes you into a mindset where you are pursuing partnership oriented innovation, with the result that have better, fresh, unique, external insight. All too often an organization loses its ability to innovate because it becomes very internally focused -- it can't see beyond its' own walls. People become narrow in their focus, and fail to see big opportunities. Going upside-down changes this, in so many ways, and it's one of the most important innovation ideas that you can pursue. More information:
Permanent link to this item ...posted October 10, 2008
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