Product Team
A cross-functional team focused on solving customer problems and achieving business outcomes, with a strong emphasis on discovery, experimentation, and continuous improvement.
A cross-functional team focused on solving customer problems and achieving business outcomes, with a strong emphasis on discovery, experimentation, and continuous improvement.
A product that significantly changes the market or industry by introducing innovative features or a new business model.
Not Invented Here (NIH) syndrome refers to the aversion to using or buying products, research, or knowledge developed outside an organization.
A Japanese term meaning "continuous improvement," focusing on small, incremental changes to enhance processes and products.
A market space that is unexplored and uncontested, where companies can create new demand and capture significant market share without much competition.
Activities that give the appearance of innovation but do not produce tangible results.
The systematic approach to managing innovation processes, from idea generation to implementation.
The simultaneous pursuit of differentiation and low cost, creating a leap in value for both the company and its customers, often associated with Blue Ocean Strategy.
The tendency to overvalue new innovations and technologies while undervaluing existing or traditional approaches.