Innovation methods need to be balanced and timed
A sweet spot of innovation has been found and balance is achieved when a new product has proven feasible, its business model is viable and customers feel a desire to get it and use it. Thus answering the questions what, how and why?
Differentiation is added when all of your competitors cannot target the same spot, or, have solutions
But how can we achieve this? Short answer: constant and repeated experiments and trials at all stages!
An agile innovation portfolio management with short cycles, sprints with deliverables and reviews is a must-have to crunch the vast amount of ideas, hypotheses and early stage projects.
Strategy refined and sweet spot of innovation focused
The innovation system’s job is to keep all ideas, experiments and its outcomes in sync and documented at all times. Furthermore, from these activities metrics and insights are generated to steer innovation without latency.