Your path to business agility
Your company recently introduced a new product to the market, and it has been a huge success. But do you know why? Can you trace the product delivered back to the original idea? Can you improve the innovation strategy? You need to learn to measure innovation capability. According to Tech Clarity, to best monitor and...
Everyone likes to talk about innovation, but how do you measure it? How do you know whether or not your innovation program is performing well? And which innovation metrics will drive the right behavior to achieve your organization’s strategic goals? While I am a firm believer in focusing on outcomes in order to achieve both...
So let’s say you’ve successfully delivered the business case for product portfolio management (PPM) and convinced your team that it’s time to take the next step in your organization’s innovation maturity (I recommend reading “Making the Case for Change” if you’re not there yet). The next step is to vet the vendors and select the...
In my last post I discussed how product organizations are using ineffective tools to manage their product portfolio and that it’s likely cutting into their bottom line due to inefficient resource utilization and missed deadlines when bringing products to market. Still, how do you know when you’ve reached the tipping point, and when it’s really time...
Whether you know it or not, your company already uses a product portfolio tool. This tool might be as simple as a collection of spreadsheets, or possibly something more robust. Regardless, if you’re using a method for recording ideas, prioritizing projects, and managing resources – you’re already leveraging a tool(s) to manage the product development...
Wikipedia defines The Internet of Things (IoT) as the network of physical objects or “things” with embedded electronics, software, sensors, and connectivity to enable it to achieve greater value and service by exchanging data with the manufacturer, operator and/or other connected devices. Here’s more about the Internet of Things and product strategy. When I think...
In a recently released research paper, Issue in Focus: Meeting Fixed Product Launch Windows analyst Jim Brown, Founder and President, Tech-Clarity, Inc., talks about how companies can use Product Portfolio Management (PPM) applications to hit timely product launch deadlines to improve new product development and overall performance. Conversations with product developers and the immediate interest...
40% to 75% of New Products Fail — How to Improve Your Odds of Winning! Innovation and new product development are risky. 40% to 75% of new products fail. This is not because people make dumb decisions; it’s the nature of things when you face an uncertain future. Think about it. If you could consistently produce...
I recently did some research on how companies can take a practical path to improve PPM decision-making. I won’t keep you guessing (if you were), there are some VERY good best practices that have been developed by the new product development (NPD) community. The research consists of interviews with three distinguished manufacturers in different industries,...
