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Step-by-Step Product Innovation

Published: 08/07/2008

The E-Myth Insider

7 August 2008 Brought to you by E-Myth Worldwide

Dear E-Myth Reader,

Continuing our series on Strategic Work: One Step At a Time, this week we discuss product innovation and the development cycle of 'Innovation, Quantification and Orchestration'. See the blog article Rolling Out Product Innovations and give us your comments.

Step-by-Step Product Innovation

At some point all businesses will need a product or service innovation to meet changing market conditions, to better serve customer needs and/or for increased process efficiency. How will you go about the process of innovation?

Changing a product may seem daunting in complexity, but if the migration process is analyzed and broken down into 'bite-size' chunks, a strategic innovation can be planned, implemented step-by-step and managed effectively. Take care planning each necessary step in a product or service design (or redesign) and specify the expected results at each step along the way. Don't tackle everything at once and don't get caught in the trap of 'Analysis Paralysis'.

See the blog article Rolling Out Product Innovations and give us your comments.


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New Poll Question

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Yours Truly,
The E-Myth Team


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