Mourning the Dead: Why You Should Have a Funeral after Killing Your Product

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My Mardi Gras hangover cure didn’t involve a greasy breakfast with an aspirin, chased by a strong cup of coffee. My hangover cure was delivered via the brilliant idea Brandon Rowberry of United Healthcare Group shared at the recent Frost & Sullivan Innovation in NPD & Marketing conference in New Orleans. Brandon discussed how his team had a product that just wouldn’t die.  They would launch the product to less than rave reviews, bring it back inside for tweaks, and then launch it again only to have it fail again. Not wanting to forfeit, the team tried in vain to make it work until someone finally had the courage to put a stake in it and call it what it was – dead. Continue reading

Hallmark Delivers Heart-Warming Products this Valentine’s Day

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Magic Message Reveal Heart by Hallmark

Another holiday is upon us and retail stores everywhere are filling up with a variety of red and pink keepsakes for loved ones. I was recently at a Hallmark store stocking up on my own Valentine’s Day gifts and stumbled upon their latest product, Magic Message Reveal Heart. I was automatically impressed because I know the planning, product development, and time it takes to ensure products are delivered to the market on time – and for consumer goods companies like Hallmark, these dates cannot be missed! On that note, I invite you to read a recent article published on CIO.com that features Hallmark’s CIO Mike Goodwin as he discusses how they apply portfolio management tools to run consumer products development and the competitive advantage they are experiencing. Continue reading

Top 5 Most Popular Innovation and Product Development Resources of 2013

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Last year we focused heavily on primary research pertaining to people, processes, and tools as it relates to product development innovation and maturity. The research itself was well received by the product development community and got people thinking about how they can improve maturity within their organization.

In 2014, we will continue to dive deeper into these topics to help you better understand the challenges as well as uncover best practices to help you advance the innovation strategy in your organization. Continue reading

The State of Product Portfolio Management in Europe

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More than 500 product development professionals participated in a global survey on the state of product portfolio management (PPM). The outcome is the Fourth Product Portfolio Management Benchmark Study which provides product development executives key trends into the priorities, risks, and pain points as well as perspective into how they compare to their peers.

After the initial report published, we elected to take a deeper dive into the results by region and found there are few notable differences between PPM maturity levels when comparing the complete dataset versus the sample from Europe (European respondents=127). Continue reading

When It Comes to Innovation Maturity, Where Do Medical Devices Firms Rank?

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The findings from the Fourth Product Portfolio Management Benchmark Study and the Innovation Management Maturity Model™ have spawned some important dialog around innovation maturity across multiple industries.

Medical Design OnlineIn a recent article published Dec 3 on Medical Design Online, Jim Pomager poses the question, “Does the medical devices industry have an innovation problem?” Continue reading

The Results Are In: Product Leaders Report a Need for Speed and a Roadmap to Sustainable Innovation

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Findings from the Fourth Product Portfolio Management Benchmark Survey

Imagine sailing in the World Cup race without a strategic plan or a map. It is a sport where speed is of the essence, decisions (and perhaps more importantly the timing of those decisions) are paramount, and team talents must be optimized at any moment. With competitors abound displaying their impressive spinnakers and advanced technology — only the risk takers advance. The will to win is apparent, yet without a strategy and a map, a team would drift into execution mode and lose the race. Continue reading

Maturing Innovation Management One Step at a Time

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Comparing Industry Frameworks to Increase Maturity

The fall conference season is winding down and this year I’ve had the privilege of attending and speaking at some great innovation events, sharing the newly launched Innovation Management Maturity Model™. From regional PDMA meetings in Dallas and Atlanta, to the national PDMA PIM conference, the Optimizing Innovation conference in NYC, to the Planview Horizons Annual Customer Conference, it’s been a brain-filling couple of months. Continue reading

How Do You Stack Up When It Comes to Innovation Management Maturity?

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I am excited to introduce the Innovation Management Maturity Model™. Earlier this year, more than 700 product development professionals across the globe evaluated their organizations using this model in the upcoming Fourth Product Portfolio Management Benchmark Study — scheduled to publish this November. Watch my colleague, Carrie Nauyalis provide a brief overview of the approach to this year’s benchmark study. Continue reading

Part 3: The Six Characteristics of Mature Organizations and Impact on Time-to-Market

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#4 & #5 Characteristics of Mature Organizations in the Areas of Capacity Planning and Resource Management

I’m back to uncover two more characteristics shown by organizations that have mature capacity planning and resource management practices in place. A research study identified common features of best performing companies in these areas. These attributes can be used by you and your organization to improve planning, meet incoming demand, and ensure maximum productivity and optimization of finite resources. Continue reading

Improve Time to Market with the Resources You Have Today

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Earlier this year, Planview sponsored the Resource Management and Capacity Planning Benchmark Study 2013, where more than 280 globally-based product development executives shared their top pain points, business risks, pain causes, software impacts, and process improvements relative to resource management and capacity planning.

In the latest edition of the PDMA Visions Magazine is the article Improve Time to Market with the Resources You Have Today: Key Results from the Product Development View of the Resource Management and Capacity Planning Study, where I share several key findings from this study as well as applications for organizations worldwide. Continue reading