Steve Jobs: The poster child for technology innovation

19 October 2015
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People often confuse the terms “invention” and “innovation” or use them interchangeably; when in actually, there’s a significant difference between the two. Invention, in its purest form is the creation of a product or process that is entirely new – something that is introduced for the first time. Innovation, is the improvement or significant contribution to an existing product or process – significant enough to cause change in behaviour or interactions. When you think about it, inventions are only as powerful as their ability to create change and an impact on the world as we know it. And so, many […]

Learning Fast & Failing Forward

29 June 2015
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While many organizations and PMOs are realizing that “failing fast” is a smart approach, New Product Development (NPD) has been doing this for years, and doing it successfully. They refer to the process as Stage Gate, where ideas are turned into products; to sum it up the stages are “Activities” + “Analysis” = “Deliverables”. The reason that NPD has adopted this practice is that engagement levels and investments (both monetary and time-wise) are so high in product development, that they need to fail & learn fast before going too far – otherwise the loss would simply be too high. So […]