The article “Why Is Innovation So Hard?” outlines cultural challenges that prevent innovation from taking root. As we have discussed many times, development of disruptive capabilities can often fail to achieve their intended results. This means that in order to innovate we need to change our attitude toward failures and mistakes. Contrary to what many
Alphabet’s (Google) Project Loon team has an interesting blog post with some interesting thoughts for R&D managers trying to develop disruptive innovations or moonshots. When you set out to explore a brave, new, weird place that no one’s ever explored before, you bring along a list of things you hope are true and right. And
Aerospace and DefenceLife SciencesHigh TechAutomotiveIndustrial and ManufacturingGovernment Agencies and FFRDCBring to Physical Systems the Agility of Moore’s Law As our customers can attest, InspiRD’s software suite enhance collaboration, minimize administrative overhead and empower teams to deliver innovation to customers. Our tools integrate support for all Research, Development and Engineering (RD&E) processes and help organizations manage
Accelerate Innovation Delivery Development of innovative new products and technologies is critical to most organizations: 6-month improvement in time to market yields a profit improvement of 22%1 1% improvement in innovation output translates to a 33% increase in valuation2 Successful translation of innovation into products in today’s complex supply-chains demands a new approach: How you
Metrics that measure effectiveness of ongoing R&D have been difficult to obtain. Four types of R&D metrics have traditionally been used: R&D Investments / Expenses Total R&D Headcount Total R&D Expense R&D Expense as % of Revenue R&D Expense increase/decrease from prior year R&D Expense compared with peers/industry average … Project execution status Performance relative
R&D is about building something new and delivering it in the future. The process is inherently uncertain, and hence involves risk. The more disruptive the technology, the more risk is likely to be introduced. The risk comes from several sources: Technology Uncertainties Integration Uncertainties Manufacturing Uncertainties Market Uncertainties It is not possible to eliminate these
We have discussed the difficulties in implementing open innovation. Netflix did an amazing job of leveraging open innovation with Netflix Prize. For a while they were receiving amazing results from the exercise. That is why, I was surprise when I read the article Netflix never used its $1 million algorithm due to engineering costs: “Netflix awarded
The article An Examination of New Product Development Best Practice from Journal of Product Innovation Management has great best practice AND benchmarking information for all R&D organizations. The authors of the article conducted a survey of 286 companies across USA and Europe. The objective was to understand what best practices are implemented, what best practices are not
Wall Street Journal article Jonah Lehrer on How to Be Creative has a list of items that can improve creativity (or innovation). : Color Blue: Subjects solved twice as many puzzles when surrounded by blue. Broaden the scope: Try to find ways to rephrase the problem so the solution space increases. For example, instead of driving, think
MIT Sloan Review has an interesting article about corporate functions (Are CEOs Getting the Best From Corporate Functions?). Many of the larger organizations I worked with have a central R&D organization that focuses on longer term, disruptive or innovative research. Some of the lessons in the article are quite useful to these organizations. Overall it