A very relevant but little-discussed question is whether the success of innovation with a carefully crafted idea is higher than with several simultaneously superficially pursued ideas? Statistically, approximately 65% to 80% of all newly launched consumer goods fail after one year. It would therefore make sense to launch as many new products as possible in … Continue reading What matters more in Innovation? Quantity or Quality?
Every industry has its peculiarities when it comes to innovation. Developing a new aircraft requires a different approach than a new consumer good (Ulrich & Eppinger, 2012, p.20). The existing innovation processes such as the Stage-Gate Model or Design Thinking are very general in design, lead to a high flop rate of 65% to 80% … Continue reading How to Innovate in the Consumer Goods Industry
Nennen Sie mir die Produktidee, welche ihr Unternehmen an die Spitze bringen wird! Diese Frage ist verständlicherweise aus verschiedenen Gründen nicht so leicht zu beantworten und es ist auch nicht das Ziel, dass das innerhalb der nächsten Minuten erfolgen soll. Wenn man die Mitarbeitenden (und die Kunden) diese Frage stellt, dann kann man entweder enttäuscht … Continue reading Wie Ideen in der Konsumgüterindustrie generiert werden
An explaination what all goes wrong and what can be done better One problem is the way how new products are developed. There are many innovation methods such as Design Thinking or the Stage Gate Model that are used by some companies such as Pepsi. In Design Thinking, the first step starts with empathy to … Continue reading Why is designing food products so difficult?
Despite the plethora of definitions available on literature about the meaning of innovation, it seems fair to suggest that these definitions do not deliver the meaning of innovation to its full designation. Innovation contains the latin word „nova“ which means: new, thus many propound the view that innovation is an equivalent to the quality of … Continue reading What is innovation?
The competition starts every morning. Different kinds of products such as butter, margarine, dairy spread, meat spread or yeast spread to mention some, compete against each other, which is the best to fill every square cm on your slice of bread. One of the most beloved morning starters is jam, I want therefore to scrutinize … Continue reading Will jam be disrupted?