Skip to content

Process Innovation

One of the featured categories on All Things Innovation, Process Innovation features a range of helpful information for the innovation professional. This includes open and advancing innovation, partnerships, startups, product innovation, scalable innovation, rolling innovation, corporate venturing, the metaverse, and more foundational knowledge for the process innovation expert and novice alike.

Process innovation refers to the creation and implementation of new or significantly improved methods, systems, or procedures within an organization to enhance efficiency, reduce costs, improve quality, and achieve better outcomes. It involves making changes or introducing novel approaches to how tasks, operations, or workflows are carried out, with the aim of optimizing the entire process.

Key characteristics of process innovation include efficiency enhancement, cost reduction, quality improvement, speed and throughput, resource optimization, customer satisfaction, and competitive advantage. Process innovation can take various forms, including automation, reengineering, Lean and Six Sigma methodologies, digital transformation, outsourcing, and business process reorganization.

Process innovation is a continual and ongoing effort within organizations. It requires a commitment to identifying opportunities for improvement, implementing changes, and monitoring the outcomes. Successful process innovation can lead to increased productivity, reduced operational costs, and a better ability to adapt to changing market conditions.

Articles

Young man wearing virtual reality headset.

The Road to FEI24: Guidance From Virtual Natives & Interconnected Realities

With FEI fast approaching, Leslie Shannon, Head of Trend and Innovation Scouting, Nokia, sat down with All Things Innovation’s Seth Adler to discuss...
Graphic showing people putting two puzzle pieces together

The Road to FEI24: Corporate Innovation: Internal & External Best Practice

Innovation partnerships between corporations and startups can be fraught with challenges, yet the promise of a successful and sustainable business all...
laboratory beaker with dropper

Transform New Product Development with AI

While AI is certainly touted as being able to create rapid data-driven insights, there are advantages in the new product development process that can...
mountain climbers trekking

Discovering the Innovation-Led Growth Journey

Advances in artificial intelligence are powering AI-driven innovation. As machines become smarter and tech developments are rapidly progressing, there...
football chalk game plan

Innovation Principles, 6/7

Development strategy (i.e., Game Plan) is a set of choices within applicable constraints and trade-offs that defines our development approach and posi...

The Benefits of Innovative Entrepreneurship

Entrepreneurship and innovation are closely linked concepts but also distinct and separate stages in business. Defining both is helpful from both an o...

Navigating the Nascent Stage of Innovation

There might be more inherent uncertainty in a nascent industry or early startup venture, with many questions and challenges unanswered, bringing compl...

Creating the Right Innovation Partnership

Corporations often face many challenges when it comes to developing innovation in a fast, evolving market. They can face barriers such as inertia, the...

Inviting Interdisciplinary Innovation Collaboration

Like many scientific, research and business fields, innovation often calls for more interdisciplinary collaboration and cooperation. This can help bre...

Embracing Open Innovation

Open innovation is a growing tactic for today’s globalized enterprises. Rather than focusing just on closed loop systems and internal sources, such...