Product Development: Identify Stage

identify stage in product development

What’s up Innovators? Today, we’ll take a deep dive into one of the first and most important step in the Product Development which is the Identify Stage. What does it really mean to identify? Again, we are using a very simple framework at Hill Innovative Solutions. It has an acronym I-D-E-A: Minimizing The Risks We

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New Product Development Process: Idea Generation

idea generation

Follow along as I breakdown the process of New Product Development. An overview of the process that Big Rocks Engineering uses in our everyday execution of projects. Speaker: Mike Hill Full Video: https://www.youtube.com/watch?v=NAEA54iBFCM&t=6s Hill Innovative Solutions, now Big Rocks Engineering is a new product development company where we work with inventors, entrepreneurs and small business

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7 Best Source of Innovation Success

7 Best Source of Innovation Success

Everyone wants the next best idea. The organization that fails to continually innovate new products and services will not survive long. But not all innovations produce commercial success. A new business idea must offer customers exceptional utility at an attractive price, while delivering a tidy profit. According to Peter Drucker (Harvard Business Review, 2002), most innovative business ideas emanate from

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Know Your Customers, Know Your Business

market research

Having a competitive advantage over other businesses targeting the same market as yours is a basic, survival must: many choose to develop long-term relationships with their customers, in an attempt to create such competitive advantage. Knowing your customers is crucial, and it is quite a different thing from knowing their buying behavior. It is every

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