White Paper: Adding Value to Stage-Gate Through the Use of Challenges
Most companies with lengthy or complex product development cycles depend on product lifecycle management (PLM), Stage-Gate, Six Sigma and other methodologies to efficiently manage innovation cycles, reduce risk and accelerate time-to-market for new products and services.
Each of these approaches is ultimately designed with the goal of better managing, mitigating, and spreading risk. Given today's highly competitive environment, however, most companies must balance this need to minimize risk with reaching desired outcomes more quickly and inexpensively than ever before.
InnoCentive's latest executive white paper explores one solution to this problem, specifically the use of prize-based "Challenges" - enabled via open innovation and crowdsourcing - to accelerate innovation outcomes and improve business performance through integration to Stage-Gate.
Please register to download the complimentary white paper.
Need innovative solutions to real problems? Looking to expand your open innovation capability? Let InnoCentive help. Contact us online or call 1-855-CROWDNOW to speak directly with one of our innovation consultants.
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the White Paper:
InnoCentive is the open innovation and crowdsourcing pioneer that enables organizations to solve their key problems by connecting them to diverse sources of innovation including employees, customers, partners, and the world's largest problem solving marketplace. InnoCentive's proven Challenge Driven Innovation methodology, network of millions of problem Solvers, and cloud-based technology platform combine to fundamentally transform the economics of innovation and R&D through rapid solution delivery and the development of sustainable open innovation programs. Leading commercial, government, and nonprofit organizations such as Booz Allen Hamilton, Eli Lilly & Company, Life Technologies, NASA, Nature Publishing Group, Popular Science, Procter & Gamble, Roche, Rockefeller Foundation, and The Economist partner with InnoCentive to solve problems and innovate faster, more cost effectively, and with less risk than ever before. For more information, visit www.innocentive.com or call 1-855-CROWDNOW.