Tag Archives: Product Development

Accelerate Growth Through Strategic Integration of Research During the Innovation Process

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Stephanie began with crisis, a story about the kitty litter business. Competitive pressures were high. Market share was being lost. They needed a new product, in a hurry. From concept to packaging, they needed it all: RTB, packaging design, product name, name and product fit with top benefits, and fully baked complete concepts to test against legacy products and competitive products.

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Leading Practices to Become a Model Based Enterprise

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PLM and CAD Standards More and more companies are transforming into model based enterprises (MBE) to help ensure the completeness, accuracy and accessibility of product data. Companies that successfully consolidate the product definition, improve data quality and build trust will reap significant benefits, including fewer product design changes and reduced product development time. There are five fundamental things companies should consider ...

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How to Avoid Design Transfer Failure

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Design transfer involves moving an approved design into production. For most product development initiatives, the process of design transfer is complex with many moving parts, involving partners that are geographically widespread. The pharmaceutical and medical devices industries have a long history of design transfer, complete with detailed definitions and procedure guidelines to help steer the design transfer team, and they still run into issues.

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Driving Business Impact from Retail Innovation Labs

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As retailers strive to reinvent their customer experience and drive loyalty, many are opening innovation labs or centers that are focused exclusively on digital efforts or product innovation. While some view labs as a ‘skunkworks’ effort, at some point in time, they will need to demonstrate value and show that the lab is impacting the business – and driving results. ...

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Six Habits of Highly Innovative Retailers

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As retailers look to drive profitable growth through loyalty and differentiation, innovation usually plays a prominent role. Innovation can take many different forms, such as product, customer experience, business model, service and process innovation. However, becoming innovative is not easy. Innovative retailers are those that excel at solving high-priority problems for their target customer and help meet unmet customer needs – often ...

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What Types of Innovation Projects Should Be Included In Your Portfolio?

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Question: We’re a very large, well-known consumer products company, and our portfolio is actually quite complex, as we have many different types of initiatives included, all at vastly different stages. In fact, we often debate whether certain projects should be included at all. Do you have any leading practices related to defining what should be included, what should be left ...

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Five Tips for Successful Adoption of a PPM System

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“To improve is to change; to be perfect is to change often.” Winston Churchill Change can be difficult. Organizations, like people, are creatures of habit. We tend to stick to paths, plans, and processes that are familiar to us. Portfolio & Pipeline Management (P&PM) involves driving change throughout an organization. You enable your business with P&PM because you want to ...

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Quality, Speed, and Cost: How to achieve all three in Innovation

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Quality, Speed, and Cost. Pick Two. A long-standing belief across chemical and industrial product companies is that it’s not possible to rapidly produce low-cost, high-quality products. Many companies dedicate their best manufacturing equipment and people to quickly develop and launch a high-quality product, but these additional resources drive up costs unexpectedly. In other situations, management decides to deliver a very ...

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Defining Portfolio Scope: Is it Necessary for Effective Portfolio Management?

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Many of our clients ask if they need to specifically define what projects, products or offerings should be included in their product portfolios and what should be left out. Leading portfolio management practices advocate the need for defining portfolio inclusion criteria. Why is it necessary to define your portfolio’s scope? There are at least two compelling reasons: clear portfolio ownership ...

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