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Innovating the Economy S14 Ep30
Download Innovating_the_Economy_S14_Ep30.mp3 Growing up with an inventor dad, Jarl Jensen knew innovation and ideas were in his future. As a kid, his dad would play the “Invention Game” with him. His dad would present an object and together they would come up with different ideas
How Can My Product Change in 5 Years
Do you sell atoms or bytes? Do you think that your answer could change over the next five years? Think about Amazon and the Kindle. Jeff Bezos asked, What is my role going to be if the nature of books changes? He realized that to stay relevant and necessary his
How Does FIRE Fix The Innovation Gap?
The main challenges that all organizations face are what I call the innovation gap and the innovation delay. The innovation gap is the difference between the need for really great ideas and the actual supply of them. The innovation delay refers to how long it takes you to go from selecting an idea f
Unusual Path to Medical Innovation: Ra Medical’s Dean Irwin S14 Ep29
Download Unusual_Path_to_Medical_Innovation__Ra_Medicals_Dean_Irwin_S14_Ep29.mp3 September is National Peripheral Artery Disease Awareness month. In view of this, today’s show is an edited re-broadcast of two shows from November 2017. Kym McNicholas and I interview Ra Medical founder, Dean Irwin. Dean shares
The Impact of the Innovation Economy S14 Ep28
Download The_Impact_of_the_Innovation_Economy_S14_Ep28.mp3 A recent event brought back to mind a blog I posted in January 2017 on the innovation economy. A news agency reporting on a candidate running for governor referenced that blog post. The candidate‘s platform is the innovation economy.
Where do we perform research and development
Where do we perform product research and development? Where else could this be done? What is your organization’s philosophy about design and development? Do you keep everything in-house, or do you outsource as needed? There are two schools of thoughts on this. By keeping the design process in-house, a
Where are your future customers?
How will you identify and locate customers in five years? Every hot trend reaches a point I like to call the “Uncle Larry moment.” You know what I mean. It’s the juncture where one of your older relatives announces he’s taken up something that had seemed cutting edge, futuristic, and exciting up til
Setting Innovation Objectives S14 Ep27
Download Setting_Innovation_Objectives_S14_Ep27.mp3 In a recent show, I talked about setting innovation objectives. Listeners wrote in asking for details on how to include innovation in the objective setting process. So, in this week’s show I share the steps to setting innovation objectives. Done well, innovation
In What Order Do You Do the R and D Process
In the traditional R&D process, the product is developed and then handed off to the design team to “wrap” it and make it look pretty. The drawback is that this approach is out of date; in the last ten years consumers have become much more design-savvy. Consumers want
Focus Your Search For Better Ideas
The first stage of FIRE, Focus, is about doing a thorough but organized search, so you don’t inadvertently ignore a critical area of discovery. Successful innovation is the translation of better ideas into something, such as a product, that is real. If you are focused in your approach, you will be a
