Idea to execution: defining innovation in manufacturing

Tips for turning ideas into successful programs

Innovation is a central component of the manufacturing industry. It can be a simple tactic for improving shop floor operations. It can be a concept for a new type of product or service. It can be a revolutionary approach that completely disrupts the way you do business.

But all innovative programs start much the same way: as a spark of an idea. Maybe a dream, or a question, like "What if…"

But then what? How does an idea evolve from inspiration to execution? Sometimes it’s a mystery, sometimes pure luck—and sometimes an idea comes to fruition via a carefully orchestrated process with many individuals participating, each person playing a vital role.

Register to download this paper and learn why innovation is so critical to meeting customer demands and creating a competitive advantage. And, learn what you can do to create an environment that supports innovation and how to nurture innovative ideas through the entire execution stage.
 
Did you know CEOs worry about:

  • New entrants disrupting the business model - 75%
  • Keeping current with new technology - 73%
  • Competitor’s ability to take business away -70%
  • Product and service relevance 3 years from now - 65%

Source: KPMG Global CEO Outlook Survey report

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