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Innovation Project Management

International Institute for Learning

We are excited to bring you this blog post on Innovation Project Management, which is adapted from Dr. Harold Kerzner’s new book of the same title. Below, he explains why this topic is so important, the types of challenges that innovation project managers face, and much more.

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The Diffusion Innovation Theory Model Applied to Strategy and Project Management

The Strategic Project Manager

Innovation and new ideas are great – but how do you get the word out? This is a challenge, especially for implementing innovation strategies. Diffusion Innovation Theory Model. The diffusion innovation theory model was developed by in 1962 by E.

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Digital Transformation Strategy Framework for Strategic PM’s

The Strategic Project Manager

Core Elements of a Digital Transformation Strategy Framework The following eight elements provide a structured outline of components of a framework for achieving digital transformation. The Vision and Goals need to align with overall organizational strategy.

2023 91
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Operational Strategy: A Quick Guide

ProjectManager.com

Having an operational strategy helps companies meet those larger goals when planning their projects. But what is an operational strategy? Companies always need to review and revise their operational strategy to stay competitive and on track to meet their company-wide goals.

Strategy 324
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Scaling to the Masses - Fit Your Product for a Larger User Base

Speaker: Dustin Smith, Sr. Product Manager, Incubator

The classic product story goes like this: A small team puts a great idea to work. Said idea becomes a wildly successful app. Team makes lots of money and attracts talent from all over the globe, quickly dotting the map with international offices. In a matter of years, a very small company becomes a global superpower. Romantic notions aside, the story neglects to mention the most essential variable to product success: scalability. If a product can't withstand a growing user base and diverse team, it'll never leave the think tank. Whether you're running a small startup or trying to get your idea to take off in a large corporation, you'll need the right tools and the perspective to scale your product. Join Dustin Smith, Senior Product Manager of the Innovation Incubator at Indeed, and learn how to scale your product for greatness.

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5 Strategies for Digital Transformation Projects

Rebel’s Guide to PM

You also need to understand strategies that work before you begin so you can hit the ground running and avoid unnecessary delays or setbacks. In this blog post, we will discuss five key strategies for digital transformation projects. What is a digital transformation strategy?

2022 291
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People Innovation: A New Vision to Innovate

International Institute for Learning

Nowadays, companies are very conscious that if they want to be competitive, they have to innovate. It is worth quoting a sentence of the father of the Open Innovation concept, Henry Chesbrough: “Most innovation fails. And companies that don’t innovate die” [1]. In a nutshell, we can agree that innovation is all about bringing improvement and efficiency; and affecting the development of a company in a positive manner. By Luigi Morsa, Ph.D. .

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What Is a Business Model Innovation Capability?

The Strategic Project Manager

Today, it is often imperative to be capable of innovating Business Models – to change and reconfigure value chains. This post provides a framework – far beyond just a product and service innovation – for Business Model Innovation.

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Strategy Framework Canvas: How to Pick the Right Strategy Framework

The Strategic Project Manager

The Strategy Framework Canvas is useful in helping a strategist match the right strategic framework to the situation. Finally, a diversified business, especially a large one, will find that different strategy frameworks are more appropriate for different businesses. and Lean Innovation.

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The Continuous Innovation Framework (COIN)

Henny Portman

The Continuous Innovation Framework (COIN) is designed to help large organizations to successfully and continuously develop, scale, and embed innovations and thus create a continuous Return on Innovation. Capture innovative ideas from internal and external sources?

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Encouraging Innovation in an Established Product Culture

Speaker: Richard Cardran, Chief Creative Officer and VP Strategy, HIA Technologies

Innovation is both a process and an outcome. The best way to begin innovating your products is by innovating your internal process. We'll explore the challenges, solutions, and hands-on techniques for becoming a successful "agent of change" within a well-established product culture. We'll examine the importance of UX and user-centric feature analysis, the adaptation of Agile Methodologies to the creative process, as well as a way to drive successful culture change for setting expectations and winning approvals with cross-functional stakeholders. Innovation and Leadership go hand in hand. Join Richard Cardran, Chief Creative Officer and VP Strategy, HIA Technologies, as we assess some case studies to see how to lead with a clear strategy well-defined tactics, and an unbiased understanding of the fundamental question: "why are you innovating?"

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Chess and Business Strategy

International Institute for Learning

Undoubtedly the chess game is fascinating because it implies deep thinking, strategy, and prediction ability. It is often seen analogous to a business strategy. By knowing the value, it is easier to make decisions about game strategy and placement. By Luigi Morsa, Ph.D.

Strategy 110
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Project Management Best Practices for Innovation and Co-Creation

ProjectManager.com

Everyone in business is talking about innovation, but how does one actually innovate? Jennifer Bridges, PMP, shows you practical steps you can take to innovate by using co-creation and project management techniques. In Review – Project Management Best Practices for Innovation and Co-Creation. An innovation, she said, is a new method, idea or product. Pro-Tip: There are many ways to promote innovation on your project.

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The Need for an Innovative PMO

MPUG

Without a constant flow of innovation, no company can expect to prosper – or perhaps, even survive. Traditionally, the department managing the flow of projects, including innovation initiatives, is the Project or Portfolio Management Office (the PMO). One that allows for the flow of innovation to align with the structure of the traditional PMO. There is an opportunity to create an Innovation Project Management Office (IPMO). Articles Innovation PMO

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How oragnizations and companies become and remain innovative

Inloox

Research and development, innovation management and new product introduction On the way to becoming an innovative company and what role project management can play in this process What is remarkable about innovations is their multiple ambivalence. Instead of a clear definition of the term, there is a collection of innovation characteristics. The majority of organizations want to be innovative, but admit that they need to do more. Innovation requires effort.

2023 100
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Innovating and Driving Agility with Tech: No-Code Development

Speaker: Gautam Nimmagadda, CEO, Quixy

Product Managers: are you wondering what your teams will look like in the future? If so, it's time to look to no-code development. With it, you can leverage hyper automation, strengthen and accelerate growth, and drive value. Your teams will be able handle more projects, and focus on the real challenges. This webinar harnesses the wisdom of today's business leaders and the global pioneers of tomorrow. Join Gautam Nimmagadda, CEO of Quixy, and learn how to leverage tech to drive agility with citizen development and the no-code movement.

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Creating a Positive Workplace: Strategies for Building Trust & Respect

Proofhub

This article explores six strategies that help foster trust and respect among employees and result in a more positive workplace. Fosters Creativity and Innovation: Workplace positivity encourages creative thinking and collaboration, which leads to new ideas and innovations.

2023 78
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For Project Managers: What is the Definition of Innovation?

The Strategic Project Manager

Innovation is an important topic these days simply because it is becoming critical to survival – for companies, governments, and people. Innovations are usually not completely new, a single stroke of genius, or just about a product. Innovation from a Strategic Perspective.

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Review Cycles – The simplest, proven method to innovate faster while reducing risks

Henny Portman

The book Cycles – The simplest, proven method to innovate faster while reducing risks , written by Bryan Cassady with the collaboration of 22 co-authors, offers not only the ‘ why’ and ‘ what’ but also the ‘ how’ of innovation. English Post innovation QRC review

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Strategy, PM, and the W. Edwards Deming PDCA Cycle

The Strategic Project Manager

This post looks at what the PDCA cycle is, dives into the specifics of the four steps, looks at pros and cons, and enumerates where it can enhance strategy and project management efforts. Strategy and PDCA. Quality advantages can drive a strategy of differentiation.

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The Changing World of HR: Prepare Your HCM for the Future

Speaker: Mark Stelzner - Founder & Managing Principal at IA

Join Mark Stelzner of IA as he discusses how to optimize your current HCM system and the opportunities for new tech.

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Why Business Strategies Are Important? (8 Most Common Business Strategies)

Proofhub

8 Most Important Business Strategies to be Aware of in 2020 Businesses are not run blindly, you have to set your own set of goals that you want to achieve effectively to thrive in the market. What is the Main Focus of Business-level Strategy? How Do You Create a Business Strategy?

Strategy 122
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5 Leadership Skills to Implement Innovation Project Management

International Institute for Learning

Effective leadership will create innovative products and services. Leadership is an important part of innovation project management. Leadership: Leadership in innovation project management can mean many different things to people.

2023 52
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A Lean Innovation Management Process: Discovering and Creating Value

The Strategic Project Manager

Lean innovation management originated from startups, but is applicable in helping bring a startup mentality to a variety of types of organizations. Let’s start be defining lean innovation. What is lean innovation, and why is it important? What is Lean Innovation Management?

Lean 52
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Design Thinking: Innovation rethought

Inloox

A fast-moving world, a dynamic market environment and, last but not least, intense competition make it impossible to successfully implement complex innovation projects using traditional problem-solving approaches.

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Lisa Bodell on Simplification and Innovation

International Institute for Learning

As closing keynote speaker at IIL’s Leadership & Innovation 2019 Online Conference , she delivered a powerful message on how complexity is holding most of us back, and what we can do to get back to the work that really matters. “If we get the work right, we get the culture right” – @LisaBodell #LeadershipCon19 #leadership #innovation pic.twitter.com/hiqPhawym5. — Strategy/Planning Metrics – Decrease in number of approval committees.

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Apply the Experience Curve Concept to Strategy and Project Management

The Strategic Project Manager

While businesses, organizations, and markets have evolved, the Experience Curve concept survives and can be very useful for informing decisions, shaping strategy, and guiding implementation. This is what happens with new and disruptive innovations.

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Key Growth Strategies for New Businesses

ProjectManager.com

In that time, she’s learned plenty about crafting successful growth strategies for businesses, which she shares in this video. In Review – Key Business Growth Strategies for New Businesses. But it’s these experiences—both good and bad—that taught her the best strategies and tools for enabling business growth. Basics of a Small Business Growth Strategy. Growth Strategy for Entrepreneurs. Diversification Strategies: Grow by diversifying your offerings.

Strategy 323
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5 Strategies for Product Backlog refinement

Scrum.org

5 Strategies for Product Backlog refinement. Five strategies that help Scrum Teams to refine the Product Backlog: Gaining insights . All strategies help Scrum Teams and their stakeholders to have conversations about the upcoming work and thus clarify the items in the Product Backlog.

2021 212
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Using Hassle Maps for Strategy and Project Management

The Strategic Project Manager

This post examines what Hassle Maps are, their usefulness, examples, and the application of Hassle Maps as a tool for strategy and project management. The streamlined Hassle Map is the basis for the disruptively innovative entry of Zipcar into the personal transportation market.

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Innovation in project management: Inspiration from Dubai

Susanne Madsen

I recently spoke at Dubai International Project Management Forum ( DIPMF ) and was struck by the innovative theme of the conference. Already when I prepared for my presentation the organisers said, “Innovation is a big thing down here”, and indeed it is. The Hamdan Bin Mohammed Award offers 8 awards with the aim of encouraging and promoting an innovative culture in project management. But apart from my books, how innovative have I really been? Innovation

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How Digital Transformation Can Affect Leadership Strategies

Proofhub

As such, you need to come up with ways to overcome such challenges and also to have the right methods of implementing digital transformation strategies. So, what impacts does the digital transformation have on leadership strategies?

Strategy 127
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What Are Michael Porter’s Three Generic Strategies?

The Strategic Project Manager

Is there a way to boil down strategic choices to three generic strategies? Strategy guru Michael Porter has done just that. This post explores the generic strategies, the pitfalls in choosing one, and their importance to project managers. The Cost Leadership Strategy.

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The Dark Side of Innovation | The Juergen Klinsmann Story

International Institute for Learning

Like top US clubs from the NBA and NFL, he installed many innovations in the Bayern headquarters; player lounges, family rooms, even an e-learning room for language courses. It has been reported that players had to meet short before kickoff to discuss strategy. By Felix Ludosan.

2022 59
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Guest Post : Strategic Agility – Strategy in the era of disruption

Growing Agile

Moving forward is strategy. The word, strategy, is derived from the Greek word, strat?gia, Strategy is effectively a plan of action designed to achieve a long-term or overall aim (Oxford dictionary). I believe that there are four aspects to strategy.

Strategy 100
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11 Recruitment Strategies to Attract Top Talent in 2023

Teamweek

Does your recruitment strategy boil down to posting a job ad and praying for the perfect candidate to apply? There are many recruiting strategies out there, but post and pray is by far the worst one. In this article, we look at 11 of the best recruitment strategies for 2023.

2023 98
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What Is the Ecosystem Strategy?

The Strategic Project Manager

In part, the answer lies in developing custom strategies and implementing projects to position the company in the appropriate business ecosystems. The Basics: What Is the Ecosystem Strategy? Ecosystem strategy is a major leap from the strategic basics first put forth by Michael Porter.

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PM, Strategy, and Key Resources – Business Model Canvas

The Strategic Project Manager

This post provides an overview of the Key Resources block on the business model canvas, provides related considerations for organizational strategy, and outlines the impact on project management. Strategy – Ensure the Right Key Resources.

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Can the Words “Innovation” and “Project Management” Be Used In The Same Sentence?

The IIL Blog

Companies are recognizing that brand loyalty accompanied by a higher level of quality does not always equate to customer retention unless supported by some innovations. According to management guru Peter Drucker, there are only two sources for growth: marketing and innovation [Drucker, 2008]. Innovation is often viewed as the Holy Grail of business and the primary driver for growth. The question, of course, is “How do we manage innovation needs?”.

2018 106
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Executing a Blue Ocean Strategy with Solid Project Management

The Strategic Project Manager

The Blue Ocean strategy framework has become popular since around 2005, on the initial publication of “ Blue Ocean Strategy: How to Create Uncontested Market Space and Make the Competition Irrelevant “, by W. The Basics of Blue Ocean Strategy.