In a previous post, we advocated two systems for managing your company’s early stage product innovation activities. The first is a yearly planning process that ties the company’s vision to a strategy and provides a set of roadmaps that drive the annual budgeting process. This strategic planning process takes into account not only product concepts, but also projects under development, and those in the current marketplace. Such a yearly, 30,000 … [Read more...] about A Front-End Management Process For Innovation: Removing The Fuzz from the Front-End
The rate of technology and market change today is staggering. For example, who could have imagined Google and Apple displacing auto companies? Yet, too many companies lack a Portfolio Management process that enables them to respond effectively to such shifts in markets and in the labs. Even many companies that have an adequate portfolio process lack the ability to make the decisions that allow them to alter course quickly. This results in … [Read more...] about Program Managers: Linchpin of Product Development Agility
Can you imagine an organization that had no interest in improving its factory output, upgrading its IT, or in optimizing its financial investments? Can you imagine a company that had used the same processes for manufacturing or the same financial investment strategies that it used 10 years ago? Can you imagine a successful company that used the same IT infrastructure it had five or ten years ago? Management would never tolerate such inaction … [Read more...] about Your Company Is Not Investing Enough in Engineering Productivity, And You Know It!
Using Predictive Metrics to Make Better Decisions Faster What’s new? Companies are measuring the wrong things, and ending up with the wrong results. Many times we get stuck on measuring what’s easy instead of what’s useful. Or we focus on validating whether we succeeded or failed instead of measuring the elements that would tell us that a project is getting ready to go off the rails. Predictive metrics are the solution to that … [Read more...] about Visualizing the Early Warning Signs
Clausewitz “The process of strategy is the allocation of finite resources to achieve the desired outcome” What’s new? Most businesses today are looking to take advantage of innovation or geographic expansion to drive revenue growth, but lack methods to fund the necessary programs to support expansion. This visualization tool allows managers the ability to see into the future and justify investments in new areas. It also allows management to … [Read more...] about Visualizing Investments in New Innovation Areas: Sources and Sinks
What’s New? Replacing the typical stage or “gate” review process, major high-technology firms have implemented a new approach, yielding positive results. This “sprint” approach during the early stage review involves senior people working iteratively and intensely, providing coaching, feedback, collaborative input with the product development core team to quickly define the product concept. The core team works intensively, and iteratively, for a … [Read more...] about From Rigid Gates to Agility