Is the Chief Information Officer the right person within an organization to take on the role of Chief Innovation Officer (CINO)? The answer to that question is, “It depends.” Specifically, it depends on the answer to a few questions...
John Kao, author of Innovation Nation and allround innovation guru, opened the PMI EMEA congress in Milan on Monday with an inspriring talk about innovation and what this can mean for Project Managers ...
According to a recent article I discovered on HR.BLR.com, "The biggest roadblocks to organizational breakthroughs are a shortage of fresh thinking and too much red tape, according to executives i ...
“I wouldn’t give a fig for simplicity on this side of complexity, but I would give my right arm for the simplicity on the far side of complexity.”?Oliver Wendell Holmes What does ...
Situation: You have some doubts about the way your company runs Total Quality efforts.The cover story in the current issue of BusinessWeek is of interest to many of us - particularly those in Fortune ...
I recently finished reading Eric Ries' The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses. I included the subtitle because, Ries su ...
Robert Half recently asked executives about the biggest roadblocks to organizational breakthroughs. 35 percent of chief financial officers said "a lack of new ideas" is the most difficult ba ...
At the PMI UK Chapter Synergy conference (you can see the stage in the photo) last month Hamish Taylor spoke about innovation and getting projects off the ground by looking outside your current indust ...
You know innovation is important, but do you know it is important enough to clash with your successful practices? According to an article in the Harvard Business Review, your organization will have to ...
Question: I work for a successful, established organization. However, management wants my team to suggest innovative new products and services. We already have our current excellent products, so feature-laden that they are very expensive. How is a project team expected to know how to find the next new breakthrough revenue producer?
| A. | Suggest to your manager that this is the work of the marketing department and the management team. The people on your team only have the skills to develop items envisioned by someone else. |
| B. | The keywords in your question show that your organization is looking for more revenue. Brainstorm with your team to see if you can squeeze additional costs out of your existing products. |
| C. | Look to your competitors. What innovative ideas are they introducing? If your team can plan production of similar products, you can piggyback on their advertising and not need to spend money on research and development. |
| D. | Look beyond adding more features to designing a less expensive item with fewer features that will appeal to a different consumer marketplace. The profit per item will be lower, but the market share will be larger. |
Few organizations have figured out how to do strategy execution well. One of the enigmas of implementation continues to be the gap between project management and change management. This po ...
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