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    The Four Stages of Innovation Management

    by  • December 4, 2012 • About the project, Innovation Series

    The four stages of innovation management identified by the ExtremeFactories project are as follows: Inception This stage is similar to the idea stage of a traditional innovation approach. The ExtremeFactories project understands the inception stage of innovation as the place where ideas grow within the company. Ideas may come from: internal suggestion mailboxes direct...

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    Interactive vs Linear Innovation

    by  • November 27, 2012 • About the project, Innovation methodology, Innovation Series

    In this second post of our Innovation Series we discuss the evolution from linear to interactive approaches to innovation and introduce the 4 elements of our methodology. Innovation has evolved from linear to interactive models. Linear models proposed by traditional innovation theory clearly differentiate the generation of innovation flows when technology-push...

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    Innovation & Company Growth

    by  • October 28, 2012 • Uncategorized

    Firms innovate in order to grow and it has been observed that companies who have a systematic innovation process in place grow faster than their competitors, as measured by the percentage of sales coming from new products (a measure of innovation success). However, innovation is part of bigger puzzle which companies need to solve...

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    Business Model Frameworks

    by  • January 2, 2012 • Uncategorized

    The goal of the ExtremeFactories project is to develop an online based innovation management tool that especially serves the needs of industrial SME’s. It is quite hard to think, why the tool couldn’t be applied in any organization regardless its size. Being able to direct creativity and innovativeness into areas, where they are most...

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    Becoming a Design Thinker

    by  • November 29, 2011 • Uncategorized

    Introducing systematic innovation management tools for SMEs is an inspiring and challenging task. However, it is also controversial and raises questions about the risks of introducing new ways of doing into companies that could be described as “process virgins”. “How to introduce analytics driven systematic innovation process in a small creative furniture design company...

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