Product Innovation

The development and market introduction of a new, redesigned or substantially improved good or service. Examples of product innovation by a business might include a new product’s invention; technical specification and quality improvements made to a product; or the inclusion of new components, materials or desirable functions into an existing product. This course will cover how to define, ideate, prioritize, build, evaluate and iterate on your product.

Vision statements act as a compass, orienting the business or project and keeping you on course for success, so they matter a great deal. Your vision statements help to align daily operations with your strategic plans, and to help those strategic plans to have a long-term orientation.

How to use the Lean Canvas for a systematic approach to prioritizing your workload, in order to reduce risk and wasted resources.

How to use the Lean Canvas for a systematic approach to prioritizing your workload, in order to reduce risk and wasted resources.

By systematically identifying those activities that have the highest value with the least complexity, we can determine what activities will yield the highest return on our investment and stay focused on maximizing the return on our efforts, while improving our ability to make financial forecasts.

Innovation Accounting is a way of valuing the efforts of early-stage startups against metrics that measure progress at meeting goals of acquisition, activation, retention, revenue, and referral.

Buy-a-Feature forces customers to work together and identify mutual priorities; the ‘must-haves’ for more than one person.

Successful projects achieve their goals when the people inside and outside of the team understand the process that results in value delivery, and they organize around those activities that (from the customer’s perspective) add value to the specific goals of a project. This is known as a Value Stream.