Your fast track to Innovation Excellence
Front-End of Innovation - FEI

Your new product pipeline is only as good as the ideas coming into it. In fact, the Front End of Innovation process is consistently rated as being the most important driver for new product revenues. Best-in-class companies focus on FEI as a predictable, repeatable process and continue to invest in enhancing and extending the process to maintain their competitive leadership.

So where do great ideas and insights come from? There are three approaches to fill your FEI pipeline:

1.Voice of Customer and Insight methods such as lead user analysis, customer visits, focus groups and client co-design.

2. Open innovation such as obtaining ideas from partners, vendors, customers, external scientific or inventor communities, external idea contests.

3. Internal organizational talent, based either on dedicated Innovation Growth Initiative teams and summits; or day-to-day Systematic Ideation Performance processes involving all of your employees.

 
IFT offers solutions to achieve process excellence with each of these approaches, which can be implemented individually or combined, according to your needs and innovation business model:

Voice of Customer and Insights.
One of the most effective ways of generating new ideas is through a range of VoC research methods. IFT’s VoC and Insight Club solution combines these methods by creating private online communities of actual and potential customers for your products and services, and providing a series of online exercises to uncover innovation white spaces and generate radical innovation ideas. Read more…

 

Open Innovation.
Best-in-class companies are twice as likely as their industry average to have open innovation processes in place. IFT’s Open Innovation solution enables you to reach out to customers, partners, suppliers and inventors to broadcast ideation challenges, capture idea submissions and collaborate on developing powerful ideas to drive your innovation process. Our solution combines our systematic ideation performance solution and unique correlation engine with a fully integrated, collaborative web portal to source ideas, insights and technology proposals. The result is immediate access to a vast new network of idea collaborators along with the automated tools to quickly and effectively sort, manage and evaluate the high volumes of ideas generated. Read more…

 

Innovation Growth Initiatives.
Two complementary approaches can be used to leverage your internal organizational talent to uncover new customer insights and breakthrough ideas. The first is to bring together experts in your organization to focus on specific ‘growth initiatives’, which go beyond incremental innovation to identify adjacent opportunities to your current markets and products. IFT’s Growth Initiative solution greatly increases the creativity, productivity and follow-through of your growth initiative teams or cross-functional innovation councils. Growth Initiative teams use our solution to rapidly capture market insights and new ideas, collaborate on developing those ideas and finally evaluating, prioritizing and routing those ideas to start funded research and development projects. Our unique, patented correlation engine supercharges your growth initiative ideation process by providing automatic prompting to related ideas, insights, and people. Read more…

Systematic Ideation Performance:
The second approach to leveraging internal talent is to build a systematic approach to capture insights and ideas from across your organization as a day-to-day business process. IFT’s systematic ideation performance solution enables you to improve the yield of good ideas leading to commercialization projects by typically 10 times, and to significantly cut the effort and time needed to evaluate high volumes of ideas. The solution enables employees to receive idea challenges, submit ideas, collaborate and develop those ideas and then enables Ideation managers to evaluate and propose ideas for commercialization. Our unique, patented correlation engine supercharges your systematic ideation process by providing automatic prompting to related ideas, insights, and people.
Read more…