Listen to the podcast (about 5 1/2 minutes). Today, I had very few meetings, the phone was strangely quiet, and my email inbox was reduced to only a couple of non-critical items. So, I spent much of the day reading. In fact, you should come join us over at
After taking a class on macroeconomics recently, I’ve taken to reading books on the subject in my leisure time. (Yes, I know I’m a nerd.) A recent book review in Toronto’s “The Globe and Mail” inspired me to download a new book to my eReader on fiat currencies
Listen to the podcast. Recently, I’ve been reading a lot about networking and associating, particularly with the strong positive impacts these actions have on innovation. In “The Innovator’s DNA,” by Dyer, Gregersen, and Christensen, associating is defined as a cognitive skill of the best innovators and entrepreneurial
Customer-centric innovation revolves around customers and their needs. The process starts with insights on customer needs with the goal of designing a new product or service that delivers on these needs in a way that is intuitive and accessible to customers. Customers may be involved in various ways, for example,
Listen to the Idea Incubator podcast. In this month’s issue of The Village, a newsletter for the global NPD community, we discussed 5 Steps to Identify Your Strategic Capabilities. I think this is an important action to take as individuals, product managers, New Product Development Professionals
Listen to the podcast. Like many other Americans, I have been watching the long series of Republican presidential debates. As the field of candidates is winnowed through the primary process, there are some successful characteristics we should note for New Product Development (NPD). In particular, two candidates have
Listen to the podcast. I love college football! At this time of year, I stay up way too late just to see the final minutes of the fourth quarter tick away in the bowl games. This year, there have been some great games. My beloved Washington Huskies unfortunately lost to
A set of differentiated skills, complementary assets, and business processes that provide the basis for a firm’s competitive capacities and sustainable advantage. Also called the core competencies, defined as those capabilities at which a company does better than other firms, which provides them with a distinctive competitive advantage and contributes to
Listen to the podcast. Every day we encounter a multitude of products and services. We are bombarded with radio, television, and internet advertisements. It seems like everyone wants to sell us something! Of course, in our leadership roles in New Product Development (NPD), we are also constantly “selling”
A top-down planning approach to maximize market leverage from common technologies and applications. A platform strategy allows management to focus on the key decisions at the right time and enables product derivatives to be launched rapidly and consistently. Product roadmaps are frequently used to assist in outlining a platform strategy.
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