Stage-Gate innovation newsletter
April 2008
NEW Cooper and Edgett Ideation Study
Produces Surprising Results
Dr. Bob Cooper
Dr. Robert Cooper
Dr. Scott Edgett
Dr. Scott Edgett

Ideation for Product Innovation: What are the best methods?

Think you've done all you can to find the best new product ideas for your organization's product innovation efforts? If you are among the some 70% of executives who report dissatisfaction with the quality and quantity of new product ideas their firms generate or if you are about to invest heavily in ideation programs and training, you will want to read Bob and Scott's latest article before you make any decisions or take action.

The article reveals surprising results from their latest research study involving 160 leading companies and 18 of the top ideation methods including VOC, open innovation and disruptive technology. They introduce a new Magic Ideation Quadrant Diagram, compare the 18 methods for popularity of use and effectiveness and share the pros and cons of each method so you can make more informed decisions when designing your ideation program.

Surprisingly, despite the attention the 'front end of innovation' receives in the media, very little research has been done to date to evaluate the effectiveness of the increasing number of techniques being introduced into the market, until now that is. This is a good read and I strongly recommend it. See below if you are interested in additional resources on this topic. Read Article.

Best regards,
Michelle Jones
EVP, Global Growth
Stage-Gate Inc.

Practical Resources

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NEW seminar - Advanced NPD Practices for Experienced Innovators

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Effectiveness of Open Innovation, Disruptive Technology and VOC

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Resources to help you improve the ‘Front End’ of your Innovation Process

A steady stream of good ideas to feed the Idea-to-Launch process is a vital component of a successful product innovation program. Yet many firms admit they don't have a system in place and for the most part rely on 'chance'. What you may not know is that even a basic ideation program can yield results. The trick is to keep it simple, yet effective - few but meaningful methods suited to best leverage your firm's capabilities, unique products and industries. Check out these resources to help jump-start your ideation program.

  1. Need something in place right away? Attend this seminar led by Dr. Cooper on June 10-11 in Philadelphia, 'How to Generate Breakthrough New Product Ideas'. You will learn how to design an effective idea capture system that screens for new product winners, early in the process. You also learn the top 18 ideation methods used by leading companies including VOC, open innovation and disruptive technology, and discover how effective and ineffective they really are. Register Now.

  2. Investigating various methods? Read the book 'Generating Breakthrough New Ideas: Feeding the Innovation Funnel' authored by Dr. Cooper and Dr. Edgett, popularized due to its straight-forward and somewhat critical evaluation of the most popular ideation methods used by companies today. In addition to sharing unbiased evaluations from both the authors' as well as users' perspectives, this book provides an excellent set of best practices and processes proven to drive better quality and increased quantities of ideas. Order this popular book today.

  3. Struggling with breakthrough technologies and platforms? New technology and platform ideas are often killed prematurely, especially if they flow through the same process the firm uses to commercialize new products. These projects have different risk characteristics as well as longer term, broader benefits and should flow through a process with activities, roles and evaluation criteria designed to better manage their uniqueness. Attend the seminar, "Generating Breakthrough New Product Ideas” held only once in North America in 2008, on June 12th in Philadelphia, PA. Register now, seating is limited to facilitate free-flowing discussions.

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Special Event for Experienced Innovators - the Advanced Course
May 21-22, Old Alexandria, Virginia

SPECIAL BONUS! A BENCHMARK OF YOUR PROCESS

Accelerate implementing the advanced techniques that will bring the most value to your company. You receive a complimentary report with your company's NPD process benchmarked against the world's top performers. You will know your strengths and weaknesses during the seminar and can focus on the topics that will drive the best value for your company. A $295 value!

In this NEW two day seminar designed for experienced innovators, Cooper shares several new, yet proven and practical solutions for managing five key aspects of the new product process, all critical drivers of performance.

  1. Mastering the Early Business Gates. As Dr. Cooper proclaims, "The game is won and lost in the first few plays!"
  2. Right-sizing NPD Processes for different project types.
  3. Advanced NPD Process Governance Models including lean Gates.
  4. Mastering the Resource Allocation challenge.
  5. The NEW Post Launch Review and 360° Evaluation.

If you are looking for new solutions to these tough challenges you will want to attend this seminar. For full seminar information click here.

STAGE-GATE INNOVATION: Advanced Techniques for Accelerating the New Product Process for Maximum Productivity
May 21-22, 2008 in Old Alexandria, Virginia (15 minutes from Washington, DC).
Register Today - only 7 seats left

register for webinar register for webinar

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Complimentary Webinar Series:
Five Ways to Improve Your Idea-to-Launch Process

The Stage-Gate process was pioneered by the world's top innovation management scholar, Dr. Robert G. Cooper. Its design is based on 10 proven, critical principles Cooper calls the 'Critical Success Factors'. Join Innovation Specialist Michael Booker of Stage-Gate Inc. for this 30 minute, complimentary webinar where he highlights Cooper's 10 Critical Success Factors and shows you practical ways to improve your Idea-to-Launch process by incorporating at least 5 of them directly into your process. Reserve your space today! Registration is limited.

Date and Time:

Wednesday, May 14, 2008 1:00PM EST register for webinar

Presenter: Michael Booker, NPDP
Cost: Complimentary

If you have any questions please call Michael Booker at +1-905-304-8797 or
email michael.booker@stage-gate.com.

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