Rapid Innovation – A Guide to Innovation Success

Overview

Rapid Innovation can deliver 2 -3  new product/service opportunities every 16 weeks in new and/or adjacent markets

Rapid Innovation can deliver 2 -3  new product/service opportunities every 16 weeks in new and/or adjacent markets. The following articles explain why companies are failing in innovation, why it is important, and how to achieve rapid innovation. 

Rapid Innovation

Most Companies Feel Innovation is Slow

60% of companies say it takes a year or longer to create new products, with almost one-fourth saying it takes over two years from ideation to launch.

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Rapid Innovation

Rapid Innovation Drives Performance

High-performing companies have an innovation plan and were 3 times more likely to strive for first-mover. While low-performers have an ad-hoc approach to innovation.

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Rapid Innovation

PMG’s Rapid Innovation Process

Delivers 2 -3  new product/service opportunities every 16 weeks which: leverages a current competency, has the potential to generate a $50+ million within sales in 5 years, and achieve stated margin hurdle rates.

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