RESOURCES & INSIGHTS
Learn what top innovators are doing to add significant value to their portfolios, launch new products faster and strategically manage their investments
Prodex is a thought leader in the Innovation Management sector in the Australasian region. We regularly publish our best practice principles through our White Papers, Blogs and Case Studies. Our staff regularly attend conferences and leading industry events to ensure we can offer you the latest developments and practices in Innovation Management.
UNDERSTANDING BEST PRACTICE CAN BE THE KEY TO SUCCESS
Although driving industry innovation performance can help organizations deliver on strategic goals, successful innovation and product development is challenging. Additionally, different industries each have their own unique set of challenges when it comes to aligning strategic plans and initiatives, optimizing portfolios and managing the innovation process.
Our White Papers are short insights into key topics related to innovation, Stage Gate and Innovation Management best practices.
We use our white papers to keep our customers informed with the latest developments in the industry and use that knowledge to identify practical solutions and applications.
Too often, companies choose innovation methodologies with an “all or nothing” approach. The pendulum has swung toward Lean and Agile methodologies, sometimes casting Stage-Gate® aside. Optimal results are derived from the best of BOTH worlds as part of an integrated best practice innovation toolkit.“…this new Agile-Stage-Gate hybrid approach promises to be the most significant change to our thinking about how new product development should be done since the introduction of today’s popular gating systems 30 years ago!” – Dr. Robert “Bob” Cooper, founder of the Stage-Gate methodology and leading innovation scholar.
Approving projects without assessing their resource requirements is like driving without a fuel gauge. You know you’ll run out of resource for your projects at some point in time…you just don’t know when.
Too often, companies choose innovation methodologies in the same way they choose religions, irrationally pursuing an ALL or Nothing approach. The pendulum has swung toward Lean and Agile methodologies sometimes casting Stage-Gate aside. Optimal results are derived from the best of BOTH worlds as part of an integrated Best practice Innovation Toolkit..
It is generally recognised that one key to maximising the return on investment from product innovation is to ensure that portfolio decisions are driven by business and product stategy. However, many companies struggle to keep product portfolios aligned with their strategic plans. In some instances, that’s because the strategies are ambiguous or inconsistent. In others, the underlying reason is that strategic planning and portfolio management are treated as independent processes, and the two are never truly tied together.
The term “Innovation Maturity” implies not only that some companies may have higher levels of innovation maturity than others, but also that they may be enjoying benefits from their innovation investments that others are yet to realise. In this paper, we discuss how to build innovation maturity to better leverage the investments made in New Product and Business Innovation.
A unique approach to managing innovation processes and the people involved, called innovation governance. Innovation governance is a system of cross-functional decision-making processes that define, align, and manage innovation activities across the entire product lifecycle. Effective innovation governance ensures the achievement of strategic growth goals. It encompasses business decisions that impact every phase of the product lifecycle and affect many parts of the organization.
With over 25 years in new technology planning, management and product development, Irene Petrick has become one of the World’s most renowned roadmapping experts. Irene holds a PhD in Engineering Science and Technology Management, is a Professor at Pennsylvania State University, and has authored/co-authored over 95 publications. More than 65 companies have benefited from her expertise and knowledge, including Boeing, Intel and Motorola.
Roadmapping has emerged as a best practice for aligning business functions with corporate strategy and projecting with precision into the future. But what does “roadmapping” involve? This paper explains the fundamentals behind roadmapping, including what it is, how companies are using roadmapping, and the results they are attaining.
Bob Cooper is the most prolific researcher into the determinants of success and failure in new product development. Widely recognised as the Father of the Stage-Gate® Process and honoured by the PDMA as the World’s #1 Innovation Scholar, Bob has worked closely with leading international companies such as P&G and Guinness Breweries. He has authored over 100 papers and 8 books, including his internationally acclaimed best-seller, Winning at New Products.
Many companies today struggle in their efforts to sustain market differentiation through the introduction of innovative new products. Recent studies indicate that more than half of senior corporate executives are dissatisfied with the returns their organizations are generating from investments in innovation. At the same time, some organizations are realizing as much as forty to sixty percent more revenue and profit from new products than their industry peers. What sets these companies apart? Here are ten practices that leading innovators use to increase the payback from innovation spending.
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Learn what top innovators are doing to add significant value to their portfolios, launch new products faster and strategically manage their investments by exploring these case studies.