For Vendor Strategy Professionals (Length: 20 pages)

July 14, 2008

The Rise Of Innovation Management Tools

Diverse Vendors Converge To Help Firms Drive Continuous Innovation

by Chris Townsend

with Navi Radjou, Christopher Andrews, Janine Liu

Executive Summary (This is a document excerpt)

In a recent global study, 93% of senior business executives cited innovation as a top strategic priority. Why? A globalized economy and the pervasive Internet are accelerating the winds of change buffeting today's enterprises. To stay ahead of constant change, CEOs are clamoring for continuous — not ad hoc — innovation. In response, a new market for "innovation management tools" is emerging. The providers in this space share a vision of continuous innovation as a core business discipline to be actively managed — not a technical problem to be solved. Therefore, this new market's key offerings are the tools — software backed by domain expertise — that provide leverage in executing on this vision of continuous innovation. To succeed in the long term, innovation management tool providers must abandon their platform ambitions and plug into well-established enterprise software platforms like Force.com, Microsoft, Oracle, and SAP.

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TABLE OF CONTENTS

NOTES & RESOURCES

itemDeepening Innovation Needs Drive Marketplace Changes

itemTop Execs Prioritize An Innovation Strategy But Are Still Searching For An Execution Lever

itemInnovation Management Tools Provide The Leverage To Deal With Rapid Change

itemProviders Show An Early-Stage Distinction From Adjacent Markets

What It Means

itemSuccessful Providers Will Help Clients Manage The Paradoxes Of Innovation

recommendations

itemProvider Strategists: Avoid Platform Hubris

itemSupplemental Material

Forrester interviewed 12 vendor companies for this report: BrainBank, Brightidea, Capgemini, Fluid Innovation, Hype, IBM Software Group, Imaginatik, Inkling Markets, InnoCentive, Invention Machine, NineSigma, Rite-Solutions, Sopheon, and Spigit.

Related Research Documents

item2008: Innovation Management Services Take Off

May 3, 2008

itemObjectives: The Key To Creating A Social Strategy

October 9, 2007

itemProcess Overview: Product Life-Cycle Management

July 23, 2007

itemInnovation Networks

June 17, 2004

Find Documents In Related Categories

This document falls under the following categories. Click on a link below to find similar documents.
Analyst: Chris Townsend
Technology: Enterprise Collaboration, Information & Knowledge Management, Packaged Applications, Product Life-Cycle Management
Industry: High-Tech, Innovation Networks
Geography: Asia Pacific, Europe, North America

Archived Teleconference:
The Innovation Management Tools Market
Original air date: Wednesday, October 08, 2008
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Ratings and Comments
Rating: 10 out of 10
based on 2 ratings across all roles.
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