Product life cycle innovation and creation

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Product Lifecycle Management: Ideation and Innovation:

Product Lifecycle Management: Ideation and Innovation Name : Danish ID No. : 5576

The Future of Knowledge Economy:

The Future of Knowledge Economy The Knowledge Economy is being eclipsed by the Creativity Economy. The new core competence is Creativity . It isn't just about math and science anymore. It's about creativity, imagination. The U.S. is the leader in the Creativity Economy - for the moment.

Creativity Economy:

Creativity Economy The new forms of innovation driving Creativity The ability to determine what people want even before they can articulate it.

The Importance of Being First-to-Market :

The Importance of Being First-to-Market Being first in any market category is going to give you the edge – being the leader comes from being first. It's much easier to get into the mind of consumers first that try to convince people you have a better product.

Building Innovation as a Capability:

Building Innovation as a Capability Critical success factors in building Innovation as a capability within the Organization: Leadership and Followership Climate and Environment Gathers ideas from Employees, Customers and Supply Chain Partners

Climate and Environment :

Climate and Environment Creating compelling visions Ideation and Creativity sessions Innovation Recognition Program Positive Reinforcement System Consulting

Innovation Method:

Innovation Method Observation Brainstorming Prototyping Implementation

Observation:

Observation User observations are the starting point for every design program. Designers are seasoned observers of people and how they interact with the world.

Brainstorming:

Brainstorming The best way to get a good idea is to get a lot of ideas. Encourage Wild Ideas. Build on the Ideas of Others. Go for Quantity. One Conversation at a Time. Stay Focused on the Topic.“ Brainstorming is not just a good idea but an inexhaustible source of inspiration and fresh thinking.

Prototyping:

Prototyping Prototyping is the language of innovation. Prototyping is problem-solving in three dimensions. One can prototype just about anything — a new product or service.

Implementation:

Implementation Implementation completes the cycle of ideation to drive the concept to its final form. All the possibilities have been evaluated, the prototypes validated and refined, and what's left is to do it.

Examples of Successful Innovations:

Examples of Successful Innovations

One Laptop per Child:

One Laptop per Child One of the best design and innovation of 2006: The $100-laptop project for the One Laptop per Child non-profit foundation

New Bike Design for Toddlers:

New Bike Design for Toddlers A new bicycle design – SHIFT could erase the need for parents to hold on to the back of a two-wheel bicycle as their child learns how to ride