By Kerrie Jordan -Oracle on Jun 04, 2015
Your newsfeeds are probably just as full as mine of articles and comments about brilliant new innovations. Now is an exciting time to be a product and supply chain professional. But it can also be pretty aggravating, especially if those articles are written about your competition. Even worse, if you failed to get the same idea off the ground two years ago!
PwC reported five-year growth projections for top innovators run beyond 60% but sit around just 20-35% for average innovators, so it’s no wonder most CEOs are pushing their organizations to figure out how to make better innovation happen more effectively.
Therein lies the struggle: Although the benefits of being a top innovator are well documented, how to become a top innovator… not so much.
Oracle recently launched a new Modern Best Practice for Innovation website designed to educate professionals on the latest methods of managing innovation according to modern best practices, enabled by Oracle Innovation Management Cloud. The website provides a clear and simple, step-by-step guide to transform fragmented product development processes into a universal, objective Innovation Management competency.
You’ll find the Innovation process divided into 5 core functions:
- Idea Capture to Business Case
- Requirement Definition
- Concept to Design
- Portfolio Review
- Proposal to Market
Take a moment to explore how Oracle can help you select and translate a steady stream of innovative ideas into a predictive product portfolio and go-to-market strategy. You'll also find plenty of helpful resources like white papers, videos, and reports to better understand how you can increase innovation-driven revenue with Oracle Innovation Management Cloud. Happy innovating!
Kerrie Jordan is Director, PLM Product Marketing at Oracle. Follow her on Twitter @KerJordan