Your path to business agility
Innovation is all about focusing and optimizing the product portfolio so you can get products to market at the right time and cost. Topics we’ll explore in the Product Innovation blog category range from ideation management to product launch and product end-of-life. Experts will provide recommendations to take your innovation strategy and delivery process to the next level. You’ll get tips for picking the right projects, prioritizing good projects, and aligning them with strategy. Take your innovation strategy to the next level with information on improving time to market to maximize resources, funding, and time. Get tips from other customers on how they improved transparency to pick the right projects and kill the bad projects early. You will also be able to access ground-breaking research and fresh insights on how capacity planning can accelerate business innovation while lowering risk.
The starting point for most conversations about a candidate drug’s sales potential is a chart of drug sales by segment and time—month/quarter/year, depending on the planning horizon. Digging deeper, you are ‘treated’ to a huge table, or perhaps a bunch of bar charts, tallying the number of afflicted people, those afflicted who have insurance, those...
Is This a Click Moment? Last month I attended the Medical Devices 10X Conference in Minneapolis. There I met Terry Mandel, founder of BioMedLink – a woman who believes in serendipity or, as PIPELINE Keynote Frans Johansson would say, “click moments.” These moments – when the right ideas, people, and circumstances come together to seed...
As event manager for the PIPELINE 2013 conference, I have had the pleasure of getting to know Dr. Kevin McFarthing. The word that comes to mind when I think of him is “enthusiastic” and I truly appreciate that he has been a wonderful supporter of PIPELINE and the innovation education it offers attendees. When you...
The superheated economy of the late 1990s was punctuated by a scramble for resources and market-share. Stalwart companies like IBM were waking up to the reality that they could not skate on their size and reputations — they too had to become masters of change and improve research and development skills. IBM’s mantra, “A new...
February featured some interesting news and views pertaining to product development and innovation, and we’re excited to share some of our favorites. Each month we will share articles we find particularly compelling, fun or insightful here on Product Pulse. We invite you to bookmark the ones you like or add them to your reading list...
In a recent blog post, Are Your Limited Resources Focused on the Right Opportunities?, Maureen Carlson, chief researcher of the Resource Management and Capacity Planning Benchmark Study, cites key findings and introduces the study’s maturity matrix that you can use to evaluate the maturity of your organization. Review the findings and the Global State of...
A common problem in both portfolio management and sales and operational planning (S&OP) is reconciling product revenue forecasts between a company’s regional sales analysts and its corporate decision-makers. Typically, regional sales analysts focus on short-term objectives, and their forecasts must align with targets or commitments set by regional heads. By contrast, corporate staff tend to...
The portfolio review session is coming up, so you craft a list of questions about project value, cost, and risk that can be answered on a scale from 1 to 10. Your R&D project teams score their projects, add up the scores for each project, and voilà, you have a ranked set of projects, ready...
Experience shows that what happens is always the thing against which one has not made provision in advance. — John Maynard Keynes [1] An old cliché in forecasting is that when it comes to the single-valued forecast, the only thing you can say with certainty is that it’s wrong. More than just plain wrong numbers,...
The prevalent tendency to underweight, or ignore, distributional information is perhaps the major source of error of intuitive prediction…The analyst should therefore make every effort to frame the forecasting problem so as to facilitate utilizing all the distributional information that is available to the expert. —Daniel Kahneman and Amos Tversky [1] Most people involved in...
