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Home > Products > Innovator Professional Version > New Products/Improvements Process
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One of the most statistically significant predictors of strong market value (i.e., stock price) is the percentage of new products (less than 3 year old) in the organization’s current revenue mix.
Companies that can effectively bring highly differentiated new products to market experience higher profit margins, greater market share, and better returns. The most difficult part of this process is maintaining a sufficient level of innovation within the organization to support the growth engine, as it takes thousands of ideas to find a few gems.
Innovator can be configured with a set of innovation modules that help facilitate this process more effectively. The new-product module contains capture templates for the most common innovations, such as new-to-world, new-to-company, as well as the mechanisms for handling thousands of raw ideas through a hierarchical review process that finds the most promising breakthroughs. Routing begins at the Innovator level and proceeds through Experts to various Review Committees. Along the way, innovations are benchmarked against appropriate analysis questions. E-mail messaging (as opposed to tasks) increases collaboration and communication.
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Learn More
To explore further, read our white papers below. Or visit our Resource Center to see all our papers.
Three Key Ingredients for Every Innovation Recipe
Do You Know the Six Most Common Problems in Fostering Innovation?
Request a Demo
See the Innovator Enterprise Management System in action, request an Innovator demonstration.
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Want more information about how MindMatters can help with your process?
All told, 69 percent of the executives who participated ranked innovation as one of their company’s top-three strategic priorities. Source: Boston Consulting Group Survey
MindMatters can help you evaluate your current innovation environment.
We'll show you how to use Innovator™ both to speed the time from idea to profit and to increase the value of your innovation process.
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