AIM Archives - Month: August 2015

Your innovation needs two types of metrics: “New Product Success” and “Learning Success.”

14-Success-Metrics

New Product Success is a metric for current projects. Learning Success—which measures skill-building progress—is a metric for future projects. Most companies just consider New Product Success. Worse, they only look at ultimate metrics, e.g. sales. If they also used intermediate metrics, they’d have enough time to apply what they learned from these metrics.

More in article, 3 Problems with Innovation Metrics(Originally published in B2B Organic Growth Newsletter)

When analytical and discovery thinking compete in NPD processes, expect the former to dominate.

13-Analysis

Analysis looks for what has been done wrong; discovery for what could be done right. Failing to discover opportunities is a costly error. Paradoxically, it is most often forgiven. In fact, if your team fails to develop a blockbuster because it missed a critical customer need, no one will even notice. At least not until a competitor does a better job.

More in executive briefing, Should Your Stage-Gate® Get a No-Go?

Fixate on the only source of unlimited potential, not sources of diminishing return.

12-Diminishing-Returns

Unlike innovation, quality and productivity apply to current operations and yield diminishing returns. What do you do after you reach zero defects… or your factory is being run by the proverbial “man and a dog”? (The man feeds the dog; the dog bites the man if he touches the controls.) Customer-facing innovation is different. There is no limit. Just look at Apple Computer.

More in white paper, Catch the Innovation Wave (page 2)