Before projects become products, they are ideas in the minds of your teams. They begin their life as product concepts, germs of your company’s future growth. How can companies manage the portfolio of product ideas, those as-yet unformed concepts that will eventually enter the pipeline and pass through a gated product development process? In our experience, too many companies do not adequately manage this portfolio of product concepts. They are … [Read more...] about A Strategic Planning Process for Innovation: A Long Term Horizon for Product Planning
Product Strategy & Portfolio Management
In too many companies, the front end of development remains as fuzzy as it was decades ago. The same companies that will micro-manage IT, or spend time simplifying a portion of their manufacturing operations, show little interest in improving the early stage innovation activities that drive future top line growth. Within product development, companies spend time endlessly revising budgets, while ignoring the strategic management of the ideas that … [Read more...] about Innovation: Are Two Systems Better Than One?
You may have decided to outsource or offshore some of your product development or other business processes. But how do you decide what processes to outsource and what partners to use? The Outsourcing Map is a tool that helps you select the right resources. It uses a framework for evaluating your options based on strategic and technical considerations. The tool optimizes decision-making at any level of the organization through a matrix that … [Read more...] about Outsourcing Map: Harnessing the Global Workforce
Our clients are finding that Product Roadmaps can attempt to serve two masters and fail both. For example, we’ve seen Sales teams insert a customer’s pet feature into the product plan in order to close a sale. At the same time, Product Management uses the roadmap to assure the CEO that they plan to support her vision even though Engineering has not even seen it. To use Product Roadmaps at cross-purposes misses the point of the tool. In other … [Read more...] about Product Roadmap: Clarifying Your Product Direction
We’ve been surprised lately how few companies are getting the most out of their Technology Roadmaps. We also find that clients often confuse Technology Roadmaps with Product Roadmaps. The best Technology Roadmaps can be rigorous risk management tools while Product Roadmaps can be cartoonish Powerpoint slides depicting products over time. Technologies form one stream of activities, while product timetables form another stream. The Technology … [Read more...] about Technology Roadmaps: Anticipating Future Technology Trends
We see many of our clients using virtual communities to communicate and collaborate with customers, suppliers, or other partners. They find that social solutions can accelerate innovation and product development. Managed communities enable the best resources to share ideas, collaborate, and present the best proposals to the leadership team. The Social Community Matrix is a tool that helps you select the best type of community for your needs, … [Read more...] about Social Community Matrix: Getting the Most Out of Social Communities