{"id":1368,"date":"2016-01-27T21:23:24","date_gmt":"2016-01-27T21:23:24","guid":{"rendered":"https:\/\/blog.planview.com\/?p=1368"},"modified":"2022-04-05T15:29:48","modified_gmt":"2022-04-05T20:29:48","slug":"product-innovation-development-mindxchange-takeaways","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/product-innovation-development-mindxchange-takeaways\/","title":{"rendered":"Top Three Takeaways from Frost &amp; Sullivan\u2019s MindxChange"},"content":{"rendered":"<p>This year marked the 10th anniversary of the <a title=\"Frost &amp; Sullivan New Product Innovation &amp; Development MindxChange\" href=\"https:\/\/www.pdsxchange.com\/\" target=\"_blank\" rel=\"noopener\">Frost &amp; Sullivan New Product Innovation &amp; Development MindxChange<\/a>, and it was a great one!<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" title=\"Frost &amp; Sullivan New Product Innovation &amp; Development MindxChange\" src=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2016\/01\/product-innovation-development-mindxchange-250x334.jpg\" alt=\"Frost &amp; Sullivan New Product Innovation &amp; Development MindxChange\" width=\"250\" height=\"334\" \/><\/p>\n<p>If you\u2019re unfamiliar with Frost &amp; Sullivan, and their contribution to everything innovation, I can ensure you that they don\u2019t throw your granddad\u2019s event. This year was 3 days packed to brim with fantastic keynotes from top industry experts, killer seminars from some of the best thought leaders in innovation, and more networking with product innovation leaders and executives than you could find inside any four walls of a conference center.<\/p>\n<p>If you did attend, I\u2019m sure your mind is still aflutter with exciting ideas and best practices.<\/p>\n<p>But if you weren\u2019t lucky enough to spend a week of January in sunny San Diego, I\u2019ve pulled together what I believe to be the 3 top key takeaways from this year\u2019s show.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/blog.planview.com\/product-innovation-development-mindxchange-takeaways\/#1_Creating_the_Environment_for_Innovation\" >1. Creating the Environment for Innovation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/blog.planview.com\/product-innovation-development-mindxchange-takeaways\/#2_Disruption_Can_Be_Manufactured\" >2. Disruption Can Be Manufactured<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/blog.planview.com\/product-innovation-development-mindxchange-takeaways\/#3_Open_Your_Innovation_Boundaries\" >3. Open Your Innovation Boundaries<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"1_Creating_the_Environment_for_Innovation\"><\/span>1. Creating the Environment for Innovation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>It\u2019s one thing to say you value innovation, but it\u2019s another to actually cultivate the innovation capabilities needed to be successful.<\/p>\n<p>Those of us in the product innovation community like to speak about the necessity to build a culture of innovation, but rarely do we dig into the steps needed to allow innovation to flourish.<\/p>\n<p>Is your organization reaching out to various departments in the company to solicit help on innovation projects? Do you seek out feedback from your customers? What about competitors? To what extent is your company accepting of real failure? Have you developed an innovation and growth strategies?<\/p>\n<p>It\u2019s time to take innovation culture out of clouds and start breaking it down into real, core innovation capabilities to better assess your company\u2019s innovation maturity.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"2_Disruption_Can_Be_Manufactured\"><\/span>2. Disruption Can Be Manufactured<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>One of the highlights of the conference was a keynote speech given by Doug Warner, VP of global innovation and New Business Incubation at HP.<\/p>\n<p>He tackled another one of those often spoke of topics: disruption.<\/p>\n<p>When we think of disruption, we think of start-ups. We think of the Ubers and Airbnbs of the world. But what if we could bring this type of disruptive innovation inside the enterprise?<\/p>\n<p>Warner advocated for a change in mindset from large corporations. He argued that disruptive innovation might not be so hard to capture and iterate when attacked systematically, and that by building out the right infrastructure, large corporations can leverage their assets to bring about the type of big, disruptive innovation that leads to substantial return.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"3_Open_Your_Innovation_Boundaries\"><\/span>3. Open Your Innovation Boundaries<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Open innovation, collaborative innovation, or whatever you want to call; we\u2019re talking about it. Nothing seems to stir up that strange combination of excitement and fear than the idea of opening your product innovation process to the outside world.<\/p>\n<p>Is it worth sharing your IP to accelerate and improve your ideas? What are the possible shortcomings of asking customers to help improve your product? And what are the implications of looking to your non-innovation staff to help facilitate new ideas?<\/p>\n<p>I don\u2019t think we figured out all the answers this year, but the discussion has started. And if the number of conversations I had on this topic are any indication, open innovation is something you\u2019ll be hearing more and more about.<\/p>\n<p>I hope these 3 takeaways provide a glimpse into some of the great content at last week\u2019s show, and help you engage your own colleagues in some of these important discussions. And of course, we all hope to see you in San Diego next year!<\/p>\n<p>Speaking of innovation, why not see how you rank against over 700 product development professionals across the globe who evaluated their <a href=\"https:\/\/www.planview.com\/products-solutions\/solutions\/im-innovation-management\/\">innovation management<\/a> maturity: <a title=\"Innovation Management Maturity Model\" href=\"https:\/\/www.planview.com\/immm\" target=\"_blank\" rel=\"noopener\"><span class=\"sr-only\">Innovation Management Maturity Model &#8211; <\/span>planview.com\/immm<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This year marked the 10th anniversary of the Frost &amp; Sullivan New Product Innovation &amp; Development MindxChange, and it was a great one! If you\u2019re unfamiliar with Frost &amp; Sullivan, and their contribution to everything innovation, I can ensure you that they don\u2019t throw your granddad\u2019s event. This year was 3 days packed to brim&#8230;<\/p>\n","protected":false},"author":54,"featured_media":1371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":2,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[36],"tags":[233],"class_list":["post-1368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-product-development","tag-pd-events"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Product Innovation: Three Takeaways | Planview<\/title>\n<meta name=\"description\" content=\"Learn about the top three takeaways on product innovation from the Frost &amp; Sullivan New Product Innovation &amp; Development MindxChange.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.planview.com\/product-innovation-development-mindxchange-takeaways\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top Three Takeaways from Frost &amp; 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