Ideas are the seeds from which all greatness grows. Every book and every company started from the spark of an idea. Ideas come on their own time and in their own way. Those who understand this principle find a sure path to success. The key to benefiting from ideas is to capture them. You need [...]
Filed under: Knowledge, Learning | Tagged: greatness, ideas, opportunities, success | 9 Comments »
Conversion-poor companies, as defined in The Innovation Value Chain, most often generate good ideas but they do not screen or develop the ideas properly. Great ideas often die in the budget process due to fear of the unknown. Managers hesitate to take risks and instead emphasize the incremental and certain, not the novel. The inability [...]
Filed under: Product Management / Marketing, Trust | Tagged: conversion-poor, features, ideas, products, requirements, seed money, services, venture funds | Leave a Comment »
Idea-poor companies, as defined in The Innovation Value Chain, struggle to cultivate new ideas. Their cultures do not promote developing sound ideas internally and they do not bring in enough good ideas from external sources. The results usually lead to sub-par products and financial returns. Companies that lack sound idea development most often do not [...]
Filed under: Knowledge, Market-driven, Product Management / Marketing | Tagged: connections, cultivate, decisions, develop, idea-poor, ideas, network, opportunities | Leave a Comment »
My last post discussed The Innovation Value Chain, a sequential process that involves idea generation, idea development and the diffusion of developed concepts. When organizations give proper attention to each step they develop ideas into great products and services, which leads to great companies. What happens when one or more steps in the process are [...]
Filed under: Knowledge, Leadership, Market-driven, Product Management / Marketing | Tagged: conversion, diffusion, ideas, Innovation, product innovation | Leave a Comment »
How do successful leaders identify market needs and create innovative products and services to meet those needs? They start with ideas. Ideas potentially come from many sources and need to be nurtured effectively to succeed. The June 2007 Harvard Business Review includes an article by Morten T. Hansen and Julian Birkinshaw titled The Innovation Value [...]
Filed under: Leadership, Market-driven, Product Management / Marketing | Tagged: Harvard Business Review, ideas, Innovation, market needs, process | 4 Comments »
I’ve been thinking about the importance of problem statements lately. Well-written problem statements help product managers communicate both the difficulty faced in the market and the potential reward for solving the problems. If you stop and think about it you’ll see that problems are actually opportunities. New features, new products and even new industries spring [...]
Filed under: Leadership, Product Management / Marketing | Tagged: Communication, ideas, opportunities, problem solving, problem statements, product requirements | 2 Comments »
The expression ‘tuned in’ has been around for a long time, but its meaning is about to change. In a few weeks from now Wiley will release the book Tuned In: Uncovering the Extraordinary Opportunities That Lead to Business Breakthroughs. The book details the Tuned In Process, a six-step method for creating a resonator, a [...]
Filed under: Knowledge, Learning, Market-driven | Tagged: authentic connections, buyer, ideas, persona, process, resonator, tuned in | 3 Comments »
Does the number of pairs of sneakers you own improve the likelihood that you are/will become a leader? According to a Mindset Media study, people who buy more than three pairs of sneakers a year are far more likely to be a leadership type than the population at large. They surveyed 7,500 people and found [...]
Filed under: Leadership | Tagged: assertiveness, decisiveness, ideas, sneakers, vision | 1 Comment »
Lead on Purpose: How Product Managers Lead Teams to Success
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