New ventures are completely focused on innovation by developing new products and solutions that create value for a growing customer base. As the successful venture grows, its priority often shifts to excellence in execution with a focus on sales, margins and growth. It becomes very good at doing what it has always done and not […]
Focusing on Features to Achieve Product-Market Fit
Achieving ‘product-market fit’ – the alignment of the features of the product or service with the demands of a target market – is a priority for all organizations. New development efforts often pack a large number of features into the offering, increasing cost and complexity while all of the features may not provide benefit or […]
On a Parallel Path: Innovation Emerging as an Organizational Competency
As innovation emerges as a new organizational competency, the path it is following is similar in many ways to the one followed by the field of quality many years ago. Back in the 70’s and 80’s, Quality Circles, Total Quality Management, and ‘Quality is Job One’ were the themes and slogans of the day […]