business stage / Innovation and Product Development
Description
Business innovation and product development is all about constantly coming up with fresh and exciting ideas and turning them into new products or services. This helps businesses stay ahead of the game by keeping up with what customers want and need as trends change. It's like always keeping your finger on the pulse of the market and being ready to adapt and create something amazing that people will love.
Basically, it's about being super creative and making sure you're always offering something that customers will find valuable and exciting. It's like being a trendsetter in the business world, always thinking one step ahead and being ready to wow your audience with innovative solutions to their problems.
Other tools for Innovation and Product Development
The tools below could be useful during this stage of a business.
- 5S System
- 6 Market Dynamics
- 6 Steps to Developing a Unique Selling Proposition (USP)
- Abell Framework
- Affinity Diagrams
- Agile Organization Design
- Agile Portfolio Management
- Agile Transformation Model
- AI Maturity Model
- App Store Optimization
- Appreciative Inquiry
- ASL Matrix
- Available Market
- Backcasting
- Bain Business Unit Strategy
- Balanced Scorecard
- Barriers to Adoption
- BEANE Test for Product Adoption
- Benchmarking
- Big Hairy Audacious Goal (BHAG)
- Blockchain Business Model Canvas
- Blockchain for Supply Chain Transparency
- Blockchain Strategy Map
- Blue Ocean Four Action Framework
- Blue Ocean Strategy Canvas
- Blueprint for Growth
- Brand Archetype Framework
- Brand Pyramid
- Business Ecosystem Modeling Tool
- Business Model Canvas (BMC)
- Business Motivation Model
- Calculated risks
- Carbon Footprint Calculator for Business
- Catchball Process
- Cause and Effect Analysis
- Change Management
- Circular Business Model Canvas
- Circularity Gap Reporting Tool
- Co-opetition
- Communication Systems
- Competitive Blind Spots
- Competitive Intelligence
- Competitive Scenario Planning
- Compliance Management Systems
- Congruence Model
- Contingency Planning
- Continuous Improvement
- Core Competence Analysis
- Corporate Governance
- Corporate Social Responsibility (CSR) Framework
- Cost Management
- Creating a Distinct Value Proposition
- Crisis Management
- Critical Question Analysis
- Critical Success Factors
- Critical to Quality (CTQ) Trees
- Cross-Cultural Competence Development
- Cross-Industry Innovation
- Cultural Web
- Culture Map
- Culture Mapping
- Customer Analysis
- Customer Experience Mapping
- Customer Focus
- Customer Journey Analytics
- Customer Lifetime Value
- Customer Relationship Management (CRM)
- Customer-Driven Innovation
- Cynefin Framework
- Data-Driven Decision-Making Framework
- Decentralized Autonomous Organizations (DAOs) Strategy
- Decision Matrix
- Decision Trees
- Deloitte's Growth Framework
- Delta Model
- Design Thinking
- Diamond Model
- Diffusion of Innovations Curve
- Digital Ethics Frameworks
- Digital Maturity Model
- Digital Transformation Roadmap
- Digital Transformation Strategy
- Digital Trust Framework
- Disaster Recovery Plan
- Disruptive Technologies
- Drucker's Seven Sources of Innovation
- Dynamic Capabilities Assessment
- Dynamic Capabilities Framework
- Early Warning Scans
- Ecommerce Requirement Specifications (ERS)
- Economies of Agglomeration
- Economies of Scope
- Ecosystem Strategy Framework
- Efficiency and sustainability tradeoff
- Efficient Mobile App Marketing Strategy
- Eight Simple Steps for New Product Development
- Emotional Intelligence
- Employee Empowerment
- Employee Productivity Improvement Programs
- Employee Retention Strategies
- Employee Well-Being Initiatives
- Employer Branding
- Ethical AI Framework
- Ethics Canvas
- ExO (Exponential Organization) Attributes
- Familiarity Matrix
- Fishbone diagram
- Five Whys
- Four Pillars of Long Term Value
- Future Back Thinking
- Futures Wheel
- Game Theory
- GAP Analysis
- Gemba Walk
- Generative AI in Business Strategy
- Global Talent Mobility Strategy
- Goals Grid
- Green Management
- GROW Model
- Growth Hacking Frameworks
- Hambrick and Fredrickson's Strategy Diamond
- Harvard Business School Services Model
- HBR Stakeholder Analysis
- Hedgehog Concept
- Heptalysis
- Hierarchies of Business Model Elements
- Holistic Health and Wellness Programs in Workplaces
- Hook Model
- Hoshin Planning System
- House of Quality
- Human Resource Strategy Map
- Idea Screening Matrix
- IIDC Strategic Tool
- Inclusive Business Model Canvas
- Industry Analysis
- Influencer Partnerships
- Innovation Circle
- Innovation Management Platforms
- Innovation prioritization
- Innovation Pyramid
- Innovation Radar
- Innovation vs. Reaction
- Integrated Reporting Framework
- Interrelationship Digraph
- Iterative Design and Feedback Tools
- Jobs to be Done Framework (JTBD)
- Judo Strategy
- Kaizen
- Kanban
- Kano Model
- Kapferer's Brand Identity Prism
- Kay's Distinctive Capabilities Framework
- Kepner-Tregoe Matrix
- Kernel of Strategy
- Kotler and Keller's Five Product Levels
- Kraljic Portfolio Purchasing Model
- Lafley & Martin's 5-Step Strategy Model
- Lauterborn's 4Cs
- Leadership Development Programs
- Leadership team
- Lean Canvas Model
- Lean Manufacturing Tool
- Lean Startup Methodology
- Legal Lean Canvas Model
- Lewin's Change Management Model
- Lewin's Force-Field Analysis
- Life Cycle Analysis
- MacMillan Matrix
- Market Gap Analysis
- Marketing Research Mix
- McKinsey's 7S Framework
- McKinsey's Three Horizons of Growth
- MECE Framework
- Miles and Snow's Organizational Strategies
- Minimum Viable Products (MVP)
- Mission and Vision Statements
- Mobile App Marketing Strategy
- Mobile Food Vendor Component Analysis
- Narrative Strategy Framework
- Neurosciences of Customer Engagement
- New Product Development Model
- New Service Development Model
- NIST Cybersecurity Framework
- NUDGE Theory
- Objectives and Key Results (OKRs)
- Open Market Innovation
- Options Matrix Tool
- Organization Design Principles
- Organizational Culture Assessment Instrument (OCAI)
- Osterwalder’s Business Model Environment
- Pareto Analysis (The 80/20 Rule)
- Partnership Evaluation Matrix
- Penetration Pricing
- Pentagon and Triangle
- Perceptual Mapping
- Performance Prism
- Performance Tracking
- PEST and PESTEL Analysis
- Platform Business Model Canvas
- Platform Canvas
- Platform Ecosystem Strategy
- Platformization Strategy
- PlayingStrategyCanvas
- Playscripting
- Policy Deployment
- Policy Development
- Porter's Diamond
- Porter's Generic Strategies
- Porter's Value Chain
- Positioning Map
- Positive Deviance Framework
- Practical Business Planning
- Price-Benefit Position Map
- Privacy-by-Design Framework
- Process Mapping Software
- Product Diffusion Curve
- Product Life Cycle
- Product Market Expansion Grid
- Product-Process Matrix
- Pyramid of Purpose
- Quality Management
- Quantitative Strategic Planning Matrix (QSPM)
- Quantum Computing Readiness
- RACI Matrix (responsible, accountable, consulted, and informed)
- Rapid Prototyping Tools
- Resilience Strategy Framework
- Resource Audit
- Responsibility Assignment Matrix (RAM)
- Responsibility Matrices
- Responsible Sourcing Framework
- Rethinking Matrix Organization
- Risk Management Framework
- Risk Management
- Root Cause Analysis
- Scaled Agile Framework (SAFe)
- Scenario Planning
- SCRUM framework
- Segmentation, Targeting, and Positioning Model (STP)
- Simplex Process
- Six Market Dynamics
- Skimming Pricing
- Smarter Startup
- SOAR Analysis
- Social Impact Measurement
- Social Media Campaigns
- Social Media Listening and Engagement Tools
- Social Return on Investment (SROI)
- Stakeholder Mapping Tools
- Strategic Agility
- Strategic Alliances
- Strategic Consistency Triangle
- Strategic Horizons
- Strategic Innovation Canvas
- Strategic Narrative Marketing
- Strategic Resilience PlanningStrategic Scenario Planning
- Supplier Evaluation
- Supplier Relationship Management (SRM)
- Supply Chain Transparency
- Sustainability and Circular Economy Model
- Sustainability Assessment Frameworks
- Sweet Spot
- SWOT Analysis
- Systematic Analysis
- Systematic Approach to Management
- Tactical Business Planning
- Talent Acquisition Frameworks
- Technology Adoption Life Cycle
- Technology Life Cycle
- Technology Roadmap
- Theory of Constraints (TOC)
- Three Horizons of Growth
- Three Levels of Business Models
- Three Tiers of Non-Customers
- Top-Down Strategy
- Total Quality Management (TQM)
- TOWS Matrix
- Trading Agent Competition
- Triple Bottom Line
- Triple Layered Business Model Canvas
- Using Focus Groups
- USP Analysis
- Value Chain Analysis
- Value Concept and Relationship Management
- Value Curve Analysis
- Value Net Model
- Value Proposition Canvas
- Value Stream Mapping
- Value-Based Management
- Value-Based Pricing
- Values Disciplines Model
- Vision Statement
- VMOST Analysis
- Voice of the Customer Strategy
- VRIO Analysis
- War Gaming
- Wardley Maps
- Workplace Wellness Programs
- X-Matrix
- Zero-Based Budgeting (ZBB)