The Innovation Phases & Gates Process is a structured framework used to guide and manage the development of innovative projects, ensuring they align with strategic goals and deliver value. Typically utilized by innovation-driven organizations, R&D departments, and project management teams, this approach divides innovation projects into distinct phases, each separated by gates. At these gates, critical decisions are made based on predefined criteria to determine whether a project should proceed, be adjusted, or be terminated. This systematic method ensures efficient resource allocation, mitigates risks, and provides a clear pathway for innovations to evolve from mere concepts to market-ready solutions, ultimately enhancing the predictability and success rate of innovative endeavors.
Almost overnight Praxie created a customized solution for our 100 member organizations across Canada to drive strategy and innovation. The Praxie team provided expert guidance and amazing support to our internal team and users.
Praxie’s innovation solution stood out from other options because it can be customized so quickly to fit our exact process requirements. Plus, it’s incredibly easy to use and manage.
I would heartily recommend the Praxie team to any organization seeking to seriously undertake a lasting and successful innovation process.
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Soren Kaplan has been recognized by Business Insider and Thinkers50 as one of the world’s top thought leaders in business strategy, innovation and the consulting industry. Soren is also a Wall Street Journal bestselling and award winning author of two books, an Affiliate at the Center for Effective Organizations at USC’s Marshall School of Business, a columnist for Inc. Magazine, and a globally recognized keynote speaker. He has consulted to and advised Disney, NBCUniversal, Kimberly-Clark, Colgate-Palmolive, Hershey, Red Bull, 3M, Medtronic, Roche, Philips, Cisco, Visa, Nucor, McKesson, Ascension Health, Cigna, CSAA Insurance Group, the American Nurses Association, AARP, and numerous others.