WHY IT MATTERS: Digital Transformation

A stage-gate process implements strategic meetings across the product development lifecycle. 8 areas for succeeding in using stage-gate for innovation.

Through thoughtful design, agile and lean management can be the perfect match for companies in search of lasting performance improvement.

Where the Business Model Canvas tries to provide a complete model which encapsulates many types of business, the Lean Canvas focuses more on customer problems and solutions. Hence the Lean Canvas is more applicable for startups.

MIT Sloan has developed, validated and applied a new framework called the “innovation radar.” This tool presents and relates all of the dimensions through which a firm can look for opportunities to innovate. Much like a map, the innovation radar consists of four key dimensions that serve as business anchors: (1) the offerings a company creates, (2) the customers it serves, (3) the processes it employs and (4) the points of presence it uses to take its offerings to market. Between these four anchors, we embed eight other dimensions of the business system that can serve as avenues of pursuit. Thus, the innovation radar contains a total of 12 key dimensions.

Planbox receives the highest score in strategy AND current offerings in the latest Forrester Wave report on innovation management platforms.