product development

  • Checklist

    Eight Important Facts about NPD and R&D Portfolio Management

    July 9, 2014 | By: | In: Life Cycle Processes

    Often the tasks at hand take our focus off of the big picture. In new product development (NPD) and R&D portfolio management, there are several “givens” that may seem obvious when stated but are often overlooked. Bring your attention back to these eight tried and true ways to improve your portfolio management and increase your product development productivity.

  • A set of golden eggs

    Bringing Maturity to the Front-End: 5 Best Practices for Building Capability

    May 26, 2014 | By: | In: Life Cycle Processes

    Knowing the best practices to follow is key to avoiding the pitfalls in new product development (NPD) process integration. Whether you’re a ways down the path toward a mature architecture or just getting started, here are five tips gathered from 30+ years of helping product development organizations improve their productivity and mature their full architecture of NPD.

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    Shark Tank Your Gate Meetings

    May 19, 2014 | By: | In: Life Cycle Processes

    A gated product development process is often implemented by organizations to assist in scrutinizing projects throughout their lifecycle to ensure only the fittest survive. Unfortunately, many of the checks and balances lack the teeth required to kill doomed projects before they squander resources. How can a TV show provide valuable insight into your gate meetings? Stay tuned to learn more.

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    Mourning the Dead: Why You Should Have a Funeral after Killing Your Product

    April 28, 2014 | By: | In: Organization & Culture

    Pulling the plug on an in-flight project is hard. No one wants to be the person calling it quits, offending team members and admitting defeat. It is this mentality, however, that ends up sucking the life out of resources and budgets and setting the organization up for continued failure because the process is broken. How can you ensure only the right projects survive, wrong ones are killed early and lessons are celebrated after an appropriate mourning period? It’s going to take courage.

  • Informing Innovation Planning through Product Line Roadmapping

    Informing Innovation Planning through Product Line Roadmapping

    February 12, 2014 | By: | In: Life Cycle Processes

    Innovation is about moving an organization forward. But many companies are trying to get there without an execution plan; without any way to assess the how, why, where, what and when, and to adjust when the unexpected comes along (as it always does). Those involved with innovation planning are increasingly understanding that the answers are found in product line roadmapping – a critical front-end process that has finally come of age.

  • Measure the Maturity of Your Idea-to-Launch Process

    Measure the Maturity of Your Idea-to-Launch Process

    February 3, 2014 | By: | In: Strategies

    We know that innovation capability is a critical driver of strategic growth targets. We also know that innovation success is not a one-time occurrence, but the result of an organization’s ability to conceive, develop and commercialize new products and services on a sustainable basis. In this article Dr. Scott J. Edgett discusses a model for measuring if your organization has a mature innovation process with well-internalized innovation capabilities.

  • Bold Innovation in Mature Markets The Five Vectors

    Bold Innovation in Mature Markets: The Five Vectors

    January 9, 2014 | By: | In: Strategies

    Doing more of the same old product improvements, extensions and modifications – product renovation – won’t deliver the sales and profit impact needed to grow the business. To the great majority of businesses, product development means line extensions, improvements and product modifications and only serves to maintain market share. Firms increasingly compete for a piece of a shrinking pie by introducing one insignificant new product after another. The launch of a truly differentiated new product in mature markets is rare these days.

  • Busting the Myths about Innovation Management Software

    Busting the Myths about Innovation Management Software

    September 23, 2013 | By: | In: Organization & Culture

    Why is business innovation such a mystery? I think too many CEOs sign off on large R&D budgets and then cross their fingers and hope to see some real innovation come out of the black box. Why does innovation stand in such stark contrast from other facets of business that are managed and improved? Why don’t we apply proven management techniques such as lean and six sigma to innovation?

  • Your Consumer and the Innovation Equation – Why They May Not Be Involved Enough

    Your Consumer and the Innovation Equation – Why They May Not Be Involved Enough

    August 26, 2013 | By: | In: Strategies

    Identifying (let alone creating) a new innovation that will dramatically grow your business is difficult. Line extensions and product / package refreshes will keep the business moving forward and engaged with consumers. But what about the breakthrough innovation that executives are expecting? Transformational innovation requires significant investment, risk taking, and preparation which can be a challenge to coordinate.

  • Linked Innovation: 5 Keys to Success in Open innovation Challenge Management

    Linked Innovation: 5 Keys to Success in Open innovation Challenge Management

    July 31, 2013 | By: | In: Strategies

    Open innovation crowd sourcing methods, when applied to the right problem, can effectively extend the solution provider search beyond the boundaries of an industry. This article presents the application of a targeted broadcast crowd sourcing method to identify unobvious solution providers for a German chain-drive industry consortium. The majority of solutions submitted through this method were previously unknown to the consortium. This evaluation demonstrates the power of open crowd sourcing to provide solutions from discontinuous industries and how effective crowd sourcing can be in open innovation.

  • Why Product Lifecycle Management Should Be On Every Executive’s Agenda!

    Why Product Lifecycle Management Should Be On Every Executive’s Agenda!

    July 5, 2013 | By: | In: Life Cycle Processes

    Product lifecycle management (PLM) initiatives often miss their true potential and make projects unnecessarily costly. Not understanding how to optimize these investments can have long-term effects on both the top and bottom line, while companies that realize how to use PLM as a competitive weapon can capture significant market advantages. In this article we give you insights into how to take an approach that addresses the true potential of a PLM investment.

  • Innovative product: Nintendo Wii

    How to Create Products that Your Customers Will Love

    June 20, 2013 | By: | In: Strategies

    How to create innovations that customers do not expect, but that they eventually love? How to create products and services, which are so distinct from those that dominate the market and so inevitable that make people passionate? A major finding has characterized management literature in the past decades: that radical innovation, albeit risky, is one of the major sources of long-term competitive advantage. But is that really the case? Read more in this article by Roberto Verganti, Professor of Management of Innovation and author of the book “Design-Driven Innovation.

  • Improving Time to Innovation: Process is Not the Enemy

    Improving Time to Innovation: Process is Not the Enemy

    May 20, 2013 | By: | In: Life Cycle Processes

    While most companies see innovation as a competitive advantage, the ability to take an idea from concept to delivery is truly what sets one company apart from another. Achieving this level of operational efficiency is not a simple feat and without processes around resource management and capacity planning, it is unlikely to succeed. The fact is, no matter how brilliant or timely an idea, if the right resources are not available to work on it, the idea simply remains an idea.

  • 7 Tips to Speed Time to Innovation

    7 Tips to Speed Time to Innovation

    April 19, 2013 | By: | In: Enabling Factors

    This article delves into the goals every organization should work toward to boost product development performance, looks at how these goals further a product organizations ability to bring innovative products to market, and outlines the ways that a Product Portfolio Management (PPM) Solution helps companies reach these goals.

  • From Chaos to Control: New Research Reveals the Global State of Resource Management and Capacity Planning

    From Chaos to Control: New Research Reveals the Global State of Resource Management and Capacity Planning

    March 21, 2013 | By: | In: Strategies

    In the newly released Resource Management and Capacity Planning Benchmark Study, research is identifying best practices to avoid wasting resources on the wrong opportunities, leading to profit loss and missed market windows. Read more about the results from the study and how you can assess your company’s maturity level, determine what challenges you face, and leverage best practices shared by mature, successful companies.

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