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Posted by Chip Gliedman on March 29, 2012
CIOs consistently tell us that they want to exploit new technologies to drive innovation in the business. While many CIOs have groups chartered with R&D or new technology research, and most organizations have defined processes to “commercialize” those technology innovations that appear promising in their pilots, the middle period – between ideation and commercialization – is one with fewer management models and methods. During this time, there may be good ideas funded for prototyping, a number of projects funded for further study, and a number of prototypes waiting for the time to be ripe for commercialization.
So, how do we manage these mid-stage ideas and prototypes? Here are some ideas we’ve seen work that you might be able to use in your organization:
I’ll be writing more about managing the innovation portfolio in an upcoming report and would love to hear how you manage your innovation portfolio here. We’ll also be discussing this and other topics around the CIO’s role in business innovation at the CIO Forum (#CIOF12) in Las Vegas on May 3-4 or CIO Forum EMEA (#CIOE12) in Paris, France on June 19-20. You’ll learn how we can help you build a sustainable innovation process to keep your organization moving ahead in the face of increasing competition and market demands.
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