Stanley Ng - Innovation Management - How others can innovate with you
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This document summarizes a presentation on innovation management. The presentation was given by Stanley Ng on August 27, 2016 at Product Camp. Ng has over 25 years of experience in technology and business management. He discussed what innovation is, different types of innovation, and frameworks for facilitating innovation within an organization. He presented an innovation enablement framework focusing on people, process, platform, and purpose. Ng also introduced an innovation stage-gate funnel model for managing the ideation, development, assessment, and selection of innovation ideas.
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Stanley Ng - Innovation Management - How others can innovate with you
- 1. INNOVATION MANAGEMENT: How Others Can Innovate With You? Co-presented by: Progreso Training Pte. Ltd. Name of Presenter: Stanley Ng (CPM, CPMM, PMP) Product Camp 27 Aug 2016
- 2. Biodata – Stanley Ng I help entrepreneurs and business people take decisive action so they can take their greatest work into the world > 25 years experience in Technology and Business Management Certified Product Management and Product Marketing Trainer by Association of International Product Management and Marketing, U.S.A. WSQ Dip. Adult & Continuing Education WSQ Advanced Certificate in Training and Assessment Project Management Professional (PMP), PMI U.S.A. Bachelors in Business Administration in Management Information Systems Entrepreneur, Business Advisor and master trainer
- 5. Who?
- 13. Why? Differentiate Out-compete New markets Benefit customers Enrich employees Align with organisation values Source: http://www.quote-coyote.com/quotes/authors/j/steve-jobs/quote-2923.html
- 15. Where?
- 16. Source: Evan Shellshear, InnovationExcellence.com
- 17. Ad-Supported Provide content or services for free while selling eyeballs to another party Bundled Pricing Sell in a single transaction 2 or more items that could be sold individually Flexible Pricing Vary pricing base on demand Freemium Offer basic services for free while charging a premium for advanced or special features Licensing Grant permission to a group or individual to use your offering in a defined way for a specified payment Membership Charge a time based payment to allow access to locations, offerings or services that non-member do not have Subscription Create predictable cash flows by charging customers upfront (one time or recurring fee) to have access to product over time Float Receive payment prior to building the offering, earn interest on that money prior to delivery the goods Facilitating Innovation
- 20. Innovation Enablement Framework People Process Platform Purpose • Knowledge • Skills • Attitude • Engage • Build • Support • Manage • Track • Report • Culture • Metrics • Incentives Copyright 2016 Stanley Ng / Progreso Training Pte Ltd
- 21. Innovation Stage-Gate Funnel 1 2 3 4 Ideate Develop AssessRefine Select Customer Ideas Employee Ideas Ideate, vote and comment. Select ideas to move forward Assign teams to selected ideas to build business case / feasibility proposal Assess proposals for costs and benefits, rank proposals based on ROI Refine ideas by testing and validating assumptions and benefits Best ideas are selected for implementation and tracked for results Vote on ideas, comment, improve, validate, challenge, score Merge ideas, select ideas based on Go, Drop, KIV, Recycle Key stakeholders to set criteria to assess potential Budget, assign project team to Implement selected ideas Copyright 2016 Stanley Ng / Progreso Training Pte Ltd
- 24. • Product Management Workshop: Positioning Your Product For Success • Product Management Workshop: Building a Business Case For Your Product • Innovation Management Workshop: Now, Every Company Can Innovate! • Innovation Management Workshop: How Others Can Innovate With You? Product & Marketing Management Training • Certified Product Manager® (CPM® ) • Certified Product Marketing Manager® (CPMM® ) • Certified Brand Manager® (CBM® ) • Introduction to Product Management • Essentials of Product Management • Practical Agile for Product Management • AIPMM CPM Exam Prep Workshop • Product Marketing For Professionals • Financial Fundamental For Product Marketers • Stakeholder Management for Product Managers • Marketing Mixed Modeling • Market Intelligence • Analytics & Customer Portfolio Management www.progreso.training