Succeeding with Outsourcing? Time to Reinvest for Success!

made-in-the-usa

With a hypersensitivity towards profit margins, too often companies justify outsourced manufacturing with lower costs and better-looking accounting numbers. But this cost-cutting craze is at odds with many apparel companies' long-term focus on being or becoming market leaders. While efficiency is important and outsourcing can help to reduce manufacturing costs, these companies can't cut their way to creating the next design trend. Instead...

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How to Avoid Design Transfer Failure

Failure Analysis

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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For whom do you create new products?

Woman Hand Picks Symbol Business Man From Row Of Businessmen

According to AcuPoll more than 95-percent of new products fail each year. This harrowing statistic should sound an alarm, one that says the way we approach the conceptualization and launch of new products does not work. Every year, billions of dollars shrivel down to zero. Careers and jobs lost. So much talent and energy gets wasted in the misdirected compulsion ...

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Successful Innovation is a Matter of Willpower

Innovation Excellence

In his book David & Goliath, Malcolm Gladwell quotes the psychologist Jordan Peterson who argues that innovators and revolutionaries tend to have a very particular mix of personality traits [i]. “Innovators have to be open. They have to be able to imagine things that others cannot and to be willing to challenge their own preconceptions. They also need to be conscientious. An ...

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Why are Children more Creative than Adults?

Why are Children more Creative than Adults?

I came across an interesting article entitled 10 Great Inventions Dreamt up by Children.    They range from earmuffs to crayon holders to an underwater talking device.  The stories of their young creators are inspiring for anyone interested in innovation and entrepreneurship.     The article begs some questions.  Why are children so much more creative than adults?  How does that ...

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Energy Storage Key to an Electric Future

solar-energy-300x200

Why Energy Storage May Be The Most Important Technology In The World Right Now In 1882, Thomas Edison built the Pearl Street Station, his first steam powered electrical distribution plant. In the years that followed, intense competition broke out between he and George Westinghouse, which became known as the War of the Currents, and the technology improved markedly in the coming decades. As Robert Gordon pointed ...

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Insights from my Israel Start-up Immersion

Rear view of businesswoman holding gears in palm

I recently had the opportunity to sit down and retreat, reflect, immerse myself in and percolate the generative learning’s from my 6-year misadventure in Israeli start-up land. When I managed to identify, summarize and edit the 5 key learning’s I was surprised at how profound they were and how essential they are, as foundations, to ultimate 21st-century business enterprise innovation and leadership success.

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