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By Chad McAllister

Innovation Insights & Practices Weekly Roundup: April 4, 2014

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Product Manager Innovation Insights3 Steps to Increase Innovation in Your Organization. “So, we know that XYZ firm has a low risk tolerance. Therefore, they can develop an innovation mix that works for their firm. XYZ decides on an 80/15/5 strategy.” Read more from Memphis Daily News at… http://www.memphisdailynews.com/news/2014/mar/31/the-right-roi-of-innovation-for-your-firm/

Identify Your Ideal Customer. “Answer the questions fully, and get creative if you’re not sure of the answers. The goal is to paint a picture of who your ideal customer is.” Read more from Don’t Bang Your Head at… http://www.dontbangyourhead.com/2014/03/31/3-steps-find-true-love-known-ideal-customer/

Understanding Open Innovation – Part 1. “When discussing open innovation and corporate strategy, we focused among other topics on the different growth objectives of companies: there are usually several growth horizons – as explained by the three growth horizons of McKinsey.” Read more from Innovation Management at… http://www.innovationmanagement.se/2014/03/28/pushing-the-boundaries-part-1-understanding-the-different-faces-of-open-innovation

How Innovators Can Learn from Customers. “Here are 6 simple tips for actually learning about value adding opportunities when you engage customers.” Read more from Technology Marketing at… http://technologymarketing.typepad.com/tmcleadersblog/2014/03/six-simple-rules-for-learning-from-customers.html

Startups on the Rise – You Want In? “The main reason for this ‘startup explosion’, as it has come to be known, is that the basic building blocks for digital services and products—the ‘technologies of startup production’, if you will—have become so flexible, cheap and ubiquitous…” Read more from The Economist at: http://www.economist.com/blogs/economist-explains/2014/03/economist-explains-25#sthash.9wXLkIsA.dpuf

Creating a Strategic Innovation Process. “Evidence suggests that your best bet is to create a strategic innovation process that’s fully agreed upon, up front, by everyone that matters.” Read more from Wired at… http://innovationinsights.wired.com/insights/2014/04/processing-product-innovation-failing-yields-success/

8 Characteristics Of a Rock Star Product Manager. “You may wonder if the product manager role is right for you. Below, we lay out the main responsibilities of a PM and what attributes make a top 1% PM.” Read more from Harvard Business School at… http://www.harbus.org/2014/can-you-be-a-rockstar-product-manager/#sthash.m9rMO5nv.dpuf

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Filed Under: Weekly Roundup

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Chad McAllister - Product Management and Innovation TrainingThe primary responsibilities for an organization are product management and innovation. They deliver value to customers. They're also exciting responsibilities for those properly equipped. That is my job - equipping product managers and innovators.
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