Technology Innovation is any new innovation that delivers greater value and/or a better customer experience as a direct consequence of using a new technology.
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Problem Reframing forces us to "start at the beginning" by exploring hypotheses.
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Organizations should be aware that in the Evaluation process of Stage 3 of the GInI InMS, the confidence level around certain metrics can be low given how far out in time they are from the present, and thus a certain amount of subjectivity and judgment will be inherent in the process.
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As an Innovation Professional, the present and emerging market needs you identify represent what for you personally?
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The fifth step for projects in the Front End is for teams to work toward defining an optimal solution to the problem at hand, using different Innovation Methods. Their job is to consider and test many different solution concepts, and ultimately select the concept with the highest probability of being the optimal and ideal solution for the situation.
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Because "The Planner" will coordinate the production and delivery of a new offering, they are usually best suited for which phase of innovation work?
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The second step for projects in the Front End is for the team to engage in further exploration and discovery work. This is aimed at gaining additional insights into both the problem space and the solution space they are dealing with.
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In the long run, what is more expensive than innovating?
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In Stage 5 of the GInI InMS, the purpose of a Pilot is to provide a final grand opportunity for commercial validation of the concept, allowing the business to develop greater confidence that its hypothesis and solution were both valid, and thus the offering will be capable of scaling to its full expected potential.
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Build to Compare is one of the 12 Purposes of Prototyping in which we build prototypes to undertake comparative benchmarking between proposed new solutions and existing solutions, so that we can figure out how to solve our customer’s problem better.
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