Innovative companies that base their competitive advantages on the development of new products, services and business models understand that it is not enough to be Lean Six Sigma in the development process. Equally important to act fast and efficient, is to choose what to fill the production pipe with. Therefore, the challenge is not only [...]
Part 3 of 3 (also Part 1 and Part 2) By measuring the return on investment (ROI), net present value (NPV), risk versus reward and other metrics of different projects, a company can decide which projects it should or should not invest in. But while the company may find hundreds of projects satisfying these metrics, [...]
Part 2 of 3 (also Part 1 and Part 3) Most people agree that there is no one best solution for how to allocate resources in companies. This depends on every company’s size, organizational structure, politics, culture and other factors. Still, there is a point of convergence for how companies are currently dealing with this [...]
Booz&Co has released the 2012 Global Innovation 1000 study. It is an annual report that focuses on the innovation practices of the world’s largest corporate R&D spenders, and aims to draw conclusions about how to manage innovation to achieve real value. One of the main conclusions is that the best performing companies take special care [...]
We are not magic elves! We all make decisions and in almost all cases we feel uncertain about what the right decision is. We worry about if we understand the situation correctly, if know enough, if we have considered the right alternatives, what the risk are, and so on, and on, and on. This is [...]
Part 1 of 3 While R&D yields the seeds for hundreds of potentially revolutionary projects, it is an unavoidable fact of reality that companies face constraints on their resources, and only a select few ‘seeds’ actually receive the funding and manpower to take them all the way to the market. The need to plan for [...]
‘All of you have solved the problem, so give yourselves some credit!’ Setting On Thursday Feb 23, nearly 40 MBA postgraduates from the Stockholm School of Economics gathered to participate in a highly visual hands-on workshop called the iPM Challenge. Having delved into diverse aspects of business in their studies, and coming from across many [...]
Thursday February 23, Googol will rally the troops of the MBA program at Stockholm School of Economics. First out is Dariush Ghatan with a maybe provoking but definately inspirational talk about innovation in todays business environment. When the pace is set, Joachim Cronquist and the iPM-team will infuse further energy by activating the whole group [...]
Innovation Performance Index (iπ) defines the ratio between the value adding output and the input of resources needed to develop and provide those products and services. As a benchmark, the metric should be larger than 3.14. Possible, you tell me? In its simplest form, iπ is described as: That is: NPV is Net Present Value [...]
The paradox of control Larger innovation companies in Sweden, such as Volvo or Ericsson, are often characterized by structured processes in order to manage their innovation processes which often involve a huge amount of collaborating people with different expertise. ISO standards for quality management and gated management models are used to ensure an as optimal [...]
