Product Management Gets Stronger

An innovative approach to managing product portfolios—the strong-form model—can help companies stay ahead of change.

The Global Innovation 1000: Making Ideas Work

The early stages of innovation can be challenging. But Booz & Company’s annual study of R&D spending reveals that successful innovators bring clarity to a process often described as fuzzy and vague.

Casting a Wide Net: Building the Capabilities for Open Innovation

Many companies have embraced open innovation, only to discover that it is not for them. In fact a good number of those companies are not right for open innovation, mainly because they lack the capabilities needed to promote and leverage collaboration – within the company and with external partners. These authors identify and describe three strategies for open innovation, and explain what an organization must … [ Read more ]

The Global Innovation 1000: Why Culture Is Key

Booz & Company’s annual study shows that spending more on R&D won’t drive results. The most crucial factors are strategic alignment and a culture that supports innovation.

Barry Jaruzelski, John Loehr, and Richard Holman

Culture matters, enormously. Studies have shown again and again that there may be no more critical source of business success or failure than a company’s culture — it trumps strategy and leadership. That isn’t to say that strategy doesn’t matter, but rather that the particular strategy a company employs will succeed only if it is supported by the appropriate cultural attributes.

Next-Generation Product Development

Combining agile up-front processes with a lean approach to the back end can help companies outperform the competition.

The Three Paths to Open Innovation

To build your capabilities and cast a wider net for ideas, you must figure out which of the three types of innovation strategies you already have — and design your R&D approach accordingly.

The Future of Product Development

For the past couple of decades, product developers have improved their performance largely by making the process more disciplined and rigorous. Such improvements can no longer satisfy the increasing demand for better products launched more frequently and aimed at ever-narrower customer segments. Companies must now turn their attention to building a more nimble and flexible product-development organization. To do so, they will have to focus … [ Read more ]