Politics and Policy

eg: UK or Brides UK or Classical Art or Buy Music or Spirituality
 
eg: UK or Brides UK or Classical Art or Buy Music or Spirituality
 
Business & Money
Technology
Women
Health
Education
Family
Travel
Cars
Entertainment
Featured Sites
SD Editorials
Online Guide and article directory site.
Foodeditorials.com
Over 15,000 recipes & editorials on food.
Lyricadvisor.com
Get 100,000 Lyric & Albums.
  • Business & Money
    • A Guide to Business
    • Guide to Finance
    • Ideas for Marketing
    • Legal Guide
    • Guide to Insurance
    • Lettre De Motivation
    • Guide to the Stock Market
    • Human Resource Career
    • Sales Marketing
    • Forex & Trading
    • Advertising & Marketing
    • Startup Guide
  • Technology
    • Guide to Technology
    • Cell Phones
    • Computer Software
    • IT Hardwares
    • Internet
    • Online Security
    • Cameras
    • Search Engine Optimization
    • Science & Technology
  • Women
    • Guide to Women
    • Relationship Advice
    • Marriage
    • Jewelry
    • Pregnancy
    • Fashion Style
    • Divorce Guide
    • Wedding Guide
    • Dating Guide
    • Natural Beauty
  • Health
    • Guide to Health
    • Guide to Medical
    • Plastic Surgery
    • Weight Loss
    • Sports
    • Body Wellness
    • Cancer Treatment
    • Common Illness
    • Health & Lifestyle
  • Education
    • Military Service
    • Politics and Policy
    • Arts & Humanities
    • Education and Teaching
    • Learn Languages
    • Colleges & Universities
  • Family
    • Quality Home Improvement
    • Hobbies and Interests
    • Family Guide to
    • Pet Guide
    • Loans Guide
    • Credit Cards
    • Gardening Guide
    • Home Security
    • Real Estate
    • Home Decor
    • Gift & Present
  • Travel
    • The Travel Guide
    • Adventure Travel
    • Cruise Ships
    • Beach Holiday
    • Travel Accommodation
    • Holiday Destinations
  • Cars
    • Information on Cars
    • Traffic Violations
    • Auto Insurance
    • Trailers
    • Sport Cars
    • The Bikes
  • Entertainment
    • Entertainment Guide
    • World Music
    • Photo & Video
    • Television & Games

Innovation Management And New Product Development

    View: 
There are distinct processes that enhance problem identification and idea generation and, similarly, distinct processes that enhance idea selection, development and commercialisation. Whilst there is no sure fire route to commercial success, these processes improve the probability that good ideas will be generated and selected and that investment in developing and commercialising those ideas will not be wasted.



There is often much confusion between the three stages of innovation.

Idea selection seems to be pretty straightforward, and it is. Here, a critical frame of mind is used to reduce a quality idea pool into feasible ideas. Critical thinking is opposed to creative thinking – where we use logic, reason, conservatism, feasibility and practicality to select the best ideas.

But often more than one good idea is generated. In fact, more than one good idea needs to be generated. The Economist (2003b) states that 3000 bright ideas are needed for 100 worthwhile projects, which in turn will be winnowed down to four development programmes for new products. And four such development programmes are the minimum needed to stand any chance of getting one winner.

Thus the next stage of innovation, development, involves deciding between all the good ideas. Until now, good ideas are really just only good ideas. By pushing them through stage gate processes, tinkering, experimenting, prototyping and conducting market research, it can be decided which of the good ideas are really great and worth investing in further.

Commercialisation starts at the tail end of development. With four development programmes (as per the above example), other teams and competencies become more heavily involved – marketing, pricing, sales and distribution.

Kal Bishop, MBA
Innovation Management And New Product Development
There are distinct processes that enhance problem identification and idea generation and, similarly, distinct processes that enhance idea selection, development and commercialisation. Whilst there is no sure fire route to commercial success, these processes improve the probability that good ideas will be generated and selected and that investment in developing and commercialising those ideas will not be wasted.

However, Franklin (2003) argues that even great ideas developed and commercialised brilliantly may fail to succeed due to cultural, emotional and habitual barriers. Even obviously cheaper, simpler and more effective ideas fail to take off.

Whilst there are systems such as the S-curve that help predict and determine the magnitude of these barriers and hence the risk of successful commercialisation, the very nature of them makes them very hard and pin down in any quantitative or qualitative analysis.

The strength of cultural, emotional and habitual barriers can be illustrated by the examples below:

a) 11 million people have died of AIDS in Africa. Yet there is a taboo against condom use.

b) The metric system is obviously a great system and used almost the world over – except in the United States.

c) The ATM – cash point machines – initially failed to take off because people believed that they did not have the right to access money so easily.

d) Scurvy was prevalent for years and the cure – lemon juice – was known, yet was not recognised as a legitimate cure for centuries.

e) Sewage systems are only today being adopted in rural and poorer parts of the world.

These topics are covered in depth in the MBA dissertation on Managing Creativity & Innovation, which can be purchased (along with a Creativity and Innovation DIY Audit, Good Idea Generator Software and Power Point Presentation) from http://www.managing-creativity.com.

You can also receive a regular, free newsletter by entering your email address at this site.

Kal Bishop, MBA
More Articles from
Latest Election News Pg3
Crash Course In Driving
Credit Card Wallets With
Death High Cost Of Living
Egypt And Nile Cruise
Election 2008 Popular Vote
Electric Generators And Motors
Intimate Apparel For Women
Shut Up And Put Your Money
The Illusion Of Choice
What Drivers Do I Need
Direct TV Features A Great Selection Of Channels
Election / Selection Quandary - How to Choose?
Dish Network Has The Most Diverse Variety Of Programing Selections
CRM Vendor Selection Approach
Creation Or Random Selection ? Why Not Both?
Correct Product Selection for Profit
Effective Use Of The Law Of Juror Selection
Direct TV Offers a Large Selection of Programming
Dubai Largest property selection portal with no compare with others around the world
DMAIC Project Selection Using A Systematic Approach
» More on
Latest Election News
  • Related Articles
  • Author
  • Most Popular
•Innovation And New Product Development, by Art Espey
•Innovation Management And Entrepreneurship, by Fabian Toulouse
•Innovation Management And New Product Development, by Kal Bishop
•Management And New Product Development, by Brian Yalung
•Marketing New Product Development, by Lynne Saarte
Kal Bishop has sinced written about articles on various topics from Brain, Leadership and Leadership. . Kal Bishop's top article generates over 301000 views. Bookmark Kal Bishop to your Favourites.
Compare Health Insurance Policies
The insurance provider should be equipped to help you understand all the options you would possibly require for your yacht
 
A Guide to Business | Guide to Technology | Guide to Women | Guide to Health | Family Guide to | Travel & Vacations | Information on Cars

EditorialToday Politics and Policy has 3 sub sections. Such as Famous Politicians, International Politics Relations and General Elections. With over 20,000 authors and writers, we are a well known online resource and editorial services site in United Kingdom, Canada & America . Here, we cover all the major topics from self help guide to A Guide to Business, Guide to Finance, Ideas for Marketing, Legal Guide, Lettre De Motivation, Guide to Insurance, Guide to Health, Guide to Medical, Military Service, Guide to Women, Pet Guide, Politics and Policy , Guide to Technology, The Travel Guide, Information on Cars, Entertainment Guide, Family Guide to, Hobbies and Interests, Quality Home Improvement, Arts & Humanities and many more.
About Editorial Today | Contact Us | Terms of Use | Submit an Article | Our Authors