Category: Product Innovation

Innovation and Introduction to TRIZ Theory for New Product Development Process - Innovation Excellence

The TRIZ approach and best practices such as the Stage-Gate Process can greatly benefit each other. These approaches are not rivals, but rather can be used to amplify each other’s successes. Continue reading

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We Need Actionable Intelligence Not Artificial

Why was the best performing stock in the S&P 500 compared to a flywheel? What is the flywheel model for growth? Why is data critical to high performance? What has changed to make data accessible and actionable for any firm? By mastering data and embedding intelligence into its organization and innovation any firm can now aspire to become a high performer, no matter how modest its past or unfashionable its sector. Continue reading

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Calling All Engineers: Beyond Form, Fit and Function for Formulated Products

Like most engineers, I learned about rules of interchangeability back in school. These rules help companies decide whether a product change should require a new item number or simply a revision of the same item number. The standard “form, fit and function” (F/F/F) definition has served the needs of discrete manufacturers well for a long time. But what about formulated products? Continue reading

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Are you confused about what innovation really is? If so, it’s probably not surprising. So in an attempt to get a few things off my chest…… Continue reading

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Challenges Product Managers Encounter

This is the nature of innovation in organizations…If resistance is not encountered, then the innovation is not… well, innovative! Continue reading

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Mega Capital Projects and Product Documentation: How PLM Can Help

Investment activity in infrastructure and other major capital projects has regained its upward trend following the 2008 crash. The quantity and scale of mega capital projects is encouraging for the engineering and construction industries. However, recent studies have indicated that despite the growing volume, success rates and the profitability of these projects are flat. Continue reading

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Four Reasons to Take a Rapid Prototyping Approach to Your PLM Implementation

Many companies view product lifecycle management (PLM) implementations the same old way they’ve viewed enterprise system implementations (like ERP) for years. As a result, companies tend to follow the same waterfall implementation approach. The waterfall approach, which originates from very structured project methodologies in the manufacturing and construction industries, is a linear and sequential approach to software implementations. Continue reading

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