The Innovation Funnel is a structured process used by product managers and organizations to manage and refine ideas, transforming them from initial concepts into viable products or solutions. It involves stages of filtering and prioritizing ideas to ensure that only the most promising are developed further.
- Helps in systematically evaluating ideas, ensuring resources are allocated to the most viable projects.
- Streamlines workflows by prioritizing innovative concepts, enhancing team dynamics through focused efforts on feasible solutions.
-Helps in outlining a strategic plan by deciding which ideas to pursue based on potential impact and feasibility.
- Used to evaluate ongoing projects and ideas, ensuring alignment with business goals.
- Facilitates the incorporation of innovative ideas into AI models or product improvements.
1. Funnel Optimization
2. Product Ideation
3. Funnel Analysis
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