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Hub You - Innovation Management - how will we make the go or kill decisions?
Businesses faced with the disposal of large industrial equipment have a difficult task in front of them. Although there are several solutions, some are clearly better than others. One choice is to sell the equipment at an online auction such as eBay. In this situation, the shipping arrangements and preparations are the
b) How long will development and experimentation be allowed before the KILL decision is made?
c) How should the KILL decision be made?
A balance needs to be struck. A company that allows the idea to stay in the funnel longer and give it every chance to prove itself will use up valuable resources that could be allotted to other good ideas. However, t
The two most over-used buzzwords in business of the last ten to fifteen years are “China's Coming” and “The internet will change everything”. Curiously, it's not very often that you hear both buzzwords used together - but why not ? Using the internet to do business with China has to be one of the smartest ideas around.<
There are distinct processes that enhance problem identification and idea generation and, similarly, distinct processes that enhance idea selection, development and commercialisation. Whilst there is no sure fire route to commercial success, these processes improve the probability that good ideas will be generated and selected and that investment in developing and commercialising those ideas will not be wasted.
One of the most important aspects of innovation management is the ability to know how and when to give further KILL or GO decisions once good ideas have been selected and are pushed into the pipeline, where they must measure-up alongside other good ideas.
The pipeline is also known as an idea funnel or a stage gate system. These terms are useful as they address the fact that the good idea selection process continues in the development stage.
The value of an idea is consistently changing and depends on where it is in the idea funnel process. Innovative firms accept that ideas have a high mortality rate and that GO or KILL decisions have to be made to focus resources on those ideas most likely to succeed.
As the idea funnel narrows, the requirement for staying in the funnel becomes more rigorous – the process involves tinkering, experimentation, market research and prototyping. The issues raised include:
a) What are the criteria for staying in the funnel?
b) How long will development and experimentation be allowed before the KILL decision is made?
c) How should the KILL decision be made?
A balance needs to be struck. A company that allows the idea to stay in the funnel longer and give it every chance to prove itself will use up valuable resources that could be allotted to other good ideas. However, th
Following the fallout from major corporate crashes such as Enron and Worldcom, stricter compliance legislation has been introduced around the world to ensure that business managers and principals are more accountable for their actions.The latest compliance standards focus on greater accountability and control in
One of the most important aspects of innovation management is the ability to know how and when to give further KILL or GO decisions once good ideas have been selected and are pushed into the pipeline, where they must measure-up alongside other good ideas.
The pipeline is also known as an idea funnel or a stage gate system. These terms are useful as they address the fact that the good idea selection process continues in the development stage.
The value of an idea is consistently changing and depends on where it is in the idea funnel process. Innovative firms accept that ideas have a high mortality rate and that GO or KILL decisions have to be made to focus resources on those ideas most likely to succeed.
As the idea funnel narrows, the requirement for staying in the funnel becomes more rigorous – the process involves tinkering, experimentation, market research and prototyping. The issues raised include:
a) What are the criteria for staying in the funnel?
b) How long will development and experimentation be allowed before the KILL decision is made?
c) How should the KILL decision be made?
A balance needs to be struck. A company that allows the idea to stay in the funnel longer and give it every chance to prove itself will use up valuable resources that could be allotted to other good ideas. However, t
Some time ago I registered at some (very popular) forum and a day after I received a letter from a forum member with a "business offer". I think this "offer" is a classical scam. But judge for yourself.In the letter it was written:“Good day Dear One, Greetings and How are you today, I am Michael D* I woul
The pipeline is also known as an idea funnel or a stage gate system. These terms are useful as they address the fact that the good idea selection process continues in the development stage.
The value of an idea is consistently changing and depends on where it is in the idea funnel process. Innovative firms accept that ideas have a high mortality rate and that GO or KILL decisions have to be made to focus resources on those ideas most likely to succeed.
As the idea funnel narrows, the requirement for staying in the funnel becomes more rigorous – the process involves tinkering, experimentation, market research and prototyping. The issues raised include:
a) What are the criteria for staying in the funnel?
b) How long will development and experimentation be allowed before the KILL decision is made?
c) How should the KILL decision be made?
A balance needs to be struck. A company that allows the idea to stay in the funnel longer and give it every chance to prove itself will use up valuable resources that could be allotted to other good ideas. However, t
As product life cycles continue to shorten and the rate of technology diffusion increases, the strategic importance of alliances to international firms rises. This strategic phenomenon has impelled firms to seek alliances across borders and cultures. However, these alliances are confronted by many problems arising from
As the idea funnel narrows, the requirement for staying in the funnel becomes more rigorous – the process involves tinkering, experimentation, market research and prototyping. The issues raised include:
a) What are the criteria for staying in the funnel?
b) How long will development and experimentation be allowed before the KILL decision is made?
c) How should the KILL decision be made?
A balance needs to be struck. A company that allows the idea to stay in the funnel longer and give it every chance to prove itself will use up valuable resources that could be allotted to other good ideas. However, t
Personally, I am not fond of the whole interviewing process. Unfortunately it’s a necessary part of growth, which I am fond of. It definitely is easier if you have a procedure that you follow when interviewing people for a position in your company.I am the co-owner of a small business with only 6 employees. We
b) How long will development and experimentation be allowed before the KILL decision is made?
c) How should the KILL decision be made?
A balance needs to be struck. A company that allows the idea to stay in the funnel longer and give it every chance to prove itself will use up valuable resources that could be allotted to other good ideas. However, they have less chance of prematurely killing off a good idea.
These topics are covered in depth in the MBA dissertation on Managing Creativity & Innovation, which can be purchased (along with a Creativity and Innovation DIY Audit, Good Idea Generator Software and Power Point Presentation) from http://www.managing-creativity.com.
You can also receive a regular, free newsletter by entering your email address at this site.
Kal Bishop, MBA
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