• Overview of ExtremeFactories’ Agile Innovation Process

    by  • April 28, 2014 • Innovation methodology, Innovation Series

    ExtremeFactories Innovation Process, which we call Agile Innovation Process provides an understanding of how to manage the Innovation Process within the organization in agile fashion as well as activities to be taken up to run this process successfully. Each stage of the process is outlined here. These phases are also reflected in our free-as-of-now online innovation management tool. You can try out the tool here

    AIP

    Agile Innovation Process

    The stages are outlined below:

    1. Preparation. This stage sets the culture and prepares the company for embracing the Innovation Process so that it can proceed with it with more probability of success, including the creation of a clear Innovation Strategy.
    2. Inception. In this stage of the Innovation Process, the actors involved in it generate ideas to solve a problem, create a new product/service, improve a process, etc.
    3. Prioritization. Once the ideas are generated the actors involved in the process will select the most promising ones to be implemented. That happens in this stage.
    4. Implementation. During this stage the candidate ideas become projects with specific tasks and people to handle them. Implementation may imply several activities: from design and manufacturing to the marketing of a product.
    5. Follow-Up. The final stage of our Agile Innovation Process consists of evaluating the degree of success of the implemented ideas in order to learn from past errors or replicate previous success stories.

    Traditionally, a new product or service development and the preceding Innovation Process is conceptualized in a sequential and rigid formal process within the organization. However, present day customers demand more responsiveness from products and services. This renders traditional top-down product and service development methods obsolete. Therefore, we have created an Agile Innovation Process, based on an agile philosophy, which is intrinsically responsive by being open to change.

    The Agile Innovation Process encompasses an iterative approach, collective ownership, group work, and individual empowerment. The process is also simple and lightweight in nature to allow teams to move rapidly to a finalized product design through a series of “create-test-feedback-and-revise” iterations.

    All these stages are modeled in our online Innovation Management Tool, which you can try here for free:

    http://demo.extremefactories.eu/