I am wondering…
With the changing political landscape and environmental regulations will enterprises continue on the path to the “Circular Economy[1]” moving away from the traditional “Linear Economy?” Will they continue to celebrate their “Sustainability” success stories?
And
Given that every object and transaction are being linked and soon to be revealed through “digitalization,” how should enterprises approach innovation and new product development?”
Lately, these questions have been on my mind as I prepare for...
By leveraging LinkedIn in their Enterprise solutions
When Microsoft announced last June its intention to acquire LinkedIn, there was speculation in the media about the reasons[1][2]. Many thought the value of this acquisition relied in the size of the “social network” – 400+ million professionals who are members of LinkedIn. Some thought LinkedIn would enable Microsoft to become a bigger player in the CRM...
Recently P&G’s Chief Financial Officer, Jon Moeller, was in the news indicating that P&G is again slashing billions of dollars in expenditures. The use of collaborative robots in manufacturing was mentioned as one example of how advanced technology is helping P&G reduce costs. P&G is not alone. Klaus Schwab, Founder and Executive Chairman, World Economic Forum in a recent report stated that “…there is clear evidence that the technologies that underpin the Fourth Industrial Revolution are having a major impact...
As Innovation Maturity Improves Processes and Tools Become More Critical
A CIMdata survey among industrial clients and solution providers revealed, and perhaps confirmed, what we all intuitively know: We need to adjust our plans as our innovation maturity improves, focusing on different limiting factors as we go from ad-hoc innovation towards systemic innovation.
In the survey we asked participants what they thought about the stage of their company’s innovation maturity and the factors that enable or limit innovation. The survey was conducted at the...
Businesses are desperately seeking and exploring new strategies, tools, and technologies to cope with the accelerated innovation environment that has been created due to a connected economy and rapid advancements in technology. Otherwise, as famously said by GE’s past CEO Jack Welch, “If the rate of change on the outside exceeds the rate of change on the inside, the end is near.”
Innovative new materials are needed to accompany new product forms and manufacturing technologies. These new innovations require integrative thinking and collaboration...
FirstBuild, GE’s incubator for the next generation of appliances, recently celebrated its first birthday with a new product introduction, the Opal Nugget Ice Maker. This was one of the several products introduced by FirstBuild in their first year of business. The Opal Nugget Ice Maker campaign on Indiegogo has already exceeded its crowdfunding goals by 1000%, suggesting great excitement about the FirstBuild community and excitement from consumers about this product. People participating in FirstBuild’s Indiegogo crowdfunding...
I experienced a strategic “innovation” transformation when I worked in Procter & Gamble’s (P&G) diaper business between 1996 and 2007. In my first assignment the name of the business was “Diaper Category,” later it became “Baby Care.” This was an indication of a significant change in the business strategy—the focus was no longer only on the product (the diaper) but also on the job-to-be done (caring for the baby.)
The journey that led to this change started with the realization that the manufacturing...
In my presentation at the recent CIMdata NA Market & Industry Forum, I talked about why PLM has to extend to strategy and Front End Innovation (FEI) to become a platform for innovation. In this blog, I would like to talk about a key aspect of FEI: Ideation and Idea Management.
When we experience an innovative product or service we love, often we can see the simple “Idea” behind it. This simple idea, however, is not obvious to many of us...
An organization delivers on its mission through its employees. This fact is often expressed in corporate communication statements such as “Employees are our most valued asset.” However, despite best intentions, not every organization is able to create an environment in which employees feel valued. This is true even in companies that competitively compensate their employees. To understand this, we, therefore, need to go beyond monetary incentives.
Fundamentally humans are motivated by same basic factors Daniel Pink explains in his book “Drive: The Surprising...
Businesses grow through partnerships. Whether you partner internally within your firm or externally to initiate a new business, source innovative ideas and technology, or create new channels for your products and services, a common goal is joint value creation. While many partnerships start with a big vision and goals, many fail due to conflicts among the participants. There is an immense amount of research and a large number of publications on the topic of what makes or breaks a partnership. Not...
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