Design-Driven
Product Line and
Portfolio Management
Matt Mayfield
IIT Institute of Design, Chicago
Assistant Dean, Academics
Matt Mayfield
Academic
2004-present

IIT Institute of Design, Chicago
- Graduate and PhD programs in advanced Design
- Emphasis on disciplined methods for guiding innovation

Corporate
2001-2008

Motorola Mobility (now a part of Google)
- Mobile devices/services strategy and planning
- Emphasis on understanding the impact of mobility on daily life

Consulting
1992-2001

Doblin Group (now a part of Deloitte)
- Innovation & strategy consulting
- Emphasis on user-centered techniques for business innovation

Matt Mayfield . Dec 2013
Areas of experience
Consumer

• Motorola
• Amway
• Texas Instruments

• McDonalds

• Polycom
• Monsanto • SC Johnson
• Baxter Medical

• SAS Airlines
Service

• Sto Corp
• Wierton Steel
• Haworth furniture
B2B
Matt Mayfield . Dec 2013

Product
IIT Institute of Design
The evolution of the
field of design has
led to intersecting
areas of study

Strategy &
Planning
Interaction
Design
User
Research

Matt Mayfield . Dec 2013

Product
Design
Systems &
Platforms
Comm.
Design
Product
management is
increasingly
difficult...
Matt Mayfield . Dec 2013
Matt Mayfield . Dec 2013 . image: http://en.wikipedia.org/wiki/Supermarket
Matt Mayfield ..Dec 2013 . image: http://isabellesfishbowl.files.wordpress.com/2012/02/img_0657.jpg
Matt Mayfield Dec 2013
The challenge

Capability

How to make
things/services

What’s worth
making
Then

Matt Mayfield . Dec 2013 . source: Patrick Whitney, IIT Institute of Design

Now
Matt Mayfield . Dec 2013 . image: http://www.zdnet.com/blog/btl/
100%

Broadband video player

Tangential opportunities in mobile wireless

Enterprise VPN/Security
Broadband audio player
Broadband camcorder
80%

CAGR% 2009-2013

Broadband digital still camera
60%

Memory keeping/sharing
eBook

Navigation
Eco

40%

Music streaming

20%

0%
-10%

?

?

?

Professional healthcare
Digital picture frame

Personal care & wellness
Enterprise unified communication
Enterprise mobile
broadband
Advertising
MID

Music on demand

Wearables
Netbook Mobile TV
Coordinate
Education
Parenting & family monitoring
Mobile banking
UMPC
Consumer IM
Access
Outdoor/rugged phone
Video on demand
Gaming
Mobile payment
Pets tracking
Ringback tone
PND
Ring tone
Wallpaper
Broadband
VoIP
Consumer SMS
Game
Personal safety
Mobile Social Networking
console
Hospitality wayfinding
Consumer Email
Fashion /
Consumer MMS
Luxury phone
VR/TTS
$60
$0 Elderly phone
$2
$4
$10
$20
$35

2011 Expected Market Value Chain Revenue ($bil)

Matt Mayfield . Dec 2013
Traditional
tools are
limited...
Matt Mayfield . Dec 2013
Matt Mayfield . Dec 2013 . image: http://market.qlikview.com/idiscover-for-imis.html
Matt Mayfield ..Dec 2013 . image: http://newsroom.blogs.cnn.com/2013/04/15/a-rather-rare-weather-prediction/
Matt Mayfield Dec 2013
Matt Mayfield ..Dec 2013 . images: wikimedia.org/wikipedia/commons/2/2b/ and http://news.mynavi.jp/news/2001/05/23/10l.jpg
Matt Mayfield Dec 2013
What now...?
Matt Mayfield . Dec 2013
Simplified view of Innovation
Stepping back from the details

Analysis
• Examine market
• Know customers
• Generate options

Matt Mayfield . Dec 2013

Synthesis
• Choose direction
• Specify offerings
• Deliver offerings
Simplified view of Innovation
Stepping back from the details

Analysis
• Examine market
• Know customers
• Generate options

Matt Mayfield . Dec 2013

Product
Management

Synthesis
• Choose direction
• Specify offerings
• Deliver offerings
Planning also requires two perspectives
Strategy

Portfolio
Planning

Definition
Matt Mayfield . Dec 2013
Planning also requires two perspectives
Strategy

Portfolio
Planning

Definition
Matt Mayfield . Dec 2013
Planning also requires two perspectives
Strategy

Portfolio
Planning

Definition
Matt Mayfield . Dec 2013
Challenges that design can help with
Strategy

Analysis

Synthesis

Definition
Matt Mayfield . Dec 2013
Challenges that design can help with
Strategy
Partial
context
Analysis

Synthesis

Definition
Matt Mayfield . Dec 2013
Challenges that design can help with
Strategy
Partial
context
Analysis

Synthesis
Random
options

Definition
Matt Mayfield . Dec 2013
Challenges that design can help with
Strategy
Partial
context

Dull
decisions

Analysis
Random
options

Definition
Matt Mayfield . Dec 2013

Synthesis
Strategy

Analysis

Partial
context

Dull
decisions
Random
options
Definition

Challenge 1

Integrating the
context
Matt Mayfield . Dec 2013

Synthesis
Context has many elements

Company

Matt Mayfield . Dec 2013

Customers

Competition
Competencies
Useful for focus, can
sometimes be too narrowing
Goals
strategic goals are often
implicit and emergent
Position
benchmarks are ambiguous
Desire to change
pain can felt unevenly across
the organization

Matt Mayfield . Dec 2013
Matt Mayfield ..Dec 2013 . image: http://img1.etsystatic.com/000/0/5715016/
Matt Mayfield Dec 2013
Form

Apple iPad mini 2

Samsung Galaxy Tab 3

Lenovo Miix 2

Acer Iconia W3

Matt Mayfield ..Dec 2013 . images: http://www.phoneArena.com and http://www.att.com
Matt Mayfield Dec 2013
Form

Category
Apple
iPod
touch

Apple iPad mini 2

Samsung Galaxy

Google Nexus 10
Samsung Galaxy Tab 3

Motorola DROID XYBOARD
Lenovo Miix 2
Samsung Galaxy Note
Acer Iconia W3

Microsoft Surface Pro 2
Matt Mayfield ..Dec 2013 . images: http://www.phoneArena.com and http://www.att.com
Matt Mayfield Dec 2013
Form

Category

Benefit

Apple
iPod
touch
Sony Playstation Vita

Apple iPad mini 2

Samsung Galaxy

Amazon Kindle Fire HDX
Nokia
Lumia 1520
HTC
One
mini

Google Nexus 10
Samsung Galaxy Tab 3
Asus G51Jx 3DE
Motorola DROID XYBOARD
Lenovo Miix 2
Canon
Powershot
A2600

Samsung Galaxy Note
Acer Iconia W3

Microsoft Surface Pro 2
Samsung Netbook
Matt Mayfield ..Dec 2013 . images: http://www.phoneArena.com and http://www.att.com
Matt Mayfield Dec 2013
Form

Category

Benefit

Entertainment

Apple
iPod
touch
Sony Playstation Vita

Apple iPad mini 2

Samsung Galaxy

Communication

Amazon Kindle Fire HDX

Nokia
Lumia 1520
HTC
One
mini
Google Nexus 10
Samsung Galaxy Tab 3

Productivity

Asus G51Jx 3DE

Motorola DROID XYBOARD
Lenovo Miix 2
Canon
Powershot
A2600

Samsung Galaxy Note
Acer Iconia W3

Microsoft Surface Pro 2
Samsung Netbook
Matt Mayfield ..Dec 2013 . images: http://www.phoneArena.com and http://www.att.com
Matt Mayfield Dec 2013
Integrated and interpreted context

Company
• Position
• Pain

Matt Mayfield . Dec 2013

Customers
• Activities
• Adoption

Competition
• Benefits
• Differentiation
Context of Healthcare & Mobile Technology
Product and service
directions

Dimensions of
customers and
competitive drivers

Domains of technical
innovation

Matt Mayfield . Dec 2013
Strategy

Analysis

Partial
context

Dull
decisions

Synthesis

Random
options
Definition

Challenge 2

Directing meaningful
options
Matt Mayfield . Dec 2013
Looking for the innovation sweet spot...
Desirable
Valued
benefits

Possible
Technology
capability

Viable
Sustainable
profits

Matt Mayfield . Dec 2013
...requires cross-disciplinary teamwork
Design

Desirable
Valued
benefits

Marketing

Engineering
Possible
Technology
capability

Distribution

Matt Mayfield . Dec 2013

Viable
Sustainable
profits

Finance
Management
Matt Mayfield . Dec 2013 . image: http://www.albemarle.edu/news/397/511/QEP-Brainstorming-Session-at-COA
Simplified view of Innovation
Basic brainstorming is ineffective

Traditional “rules”

result in...

Focus on quantity

...many ideas

Withhold criticism

...many bad ideas

Welcome unusual ideas

...many silly, bad ideas

Build on others’ ideas

...many more, silly, bad ideas

Matt Mayfield . Dec 2013
Simplified view Innovation
Know whatofyou are solving for

New / Better product experiences
New / Better business models
New / Better market spaces
New / Better capabilities
Different types of problems require different techniques,
and none of them can be finished in a single session.

Matt Mayfield . Dec 2013
Simplified view of Innovation
Better tools and techniques

Customer Journey
Context modeling

Co-Design /
Participatory Design

Rapid Prototyping

Designing for Growth
Jeanne Liedtka
Matt Mayfield . Dec 2013

Scenario
Road-mapping
Concept Systems

Experience Storyboards

Exposing the Magic of Design
Jon Kolko

Design-Driven Innovation
Roberto Verganti

101 Design Methods
Vijay Kumar
Strategy

Analysis

Partial
context

Dull
directions
Random
options
Definition

Challenge 3

Leading powerful
directions
Matt Mayfield . Dec 2013

Synthesis
Scorecards can help...
LOW

MED-LOW

MED-HIGH

HIGH

Strategic Alignment &
Importance

Not important to
business; low impact

Somewhat supports
business

Supports business
strategy; good impact

Aligns well; very
important; high impact

Product & Competitive
Advantage

None; neutral customer
feedback

Limited; marginally
superior; OK value

Some new benefits;
good value; positive
feedback

Major new benefits; very
positive feedback

Market Attractiveness

Low growth/margins;
tough competition

Modest market; limited
growth

Significant market; good
growth/margins

Large, growing; weaker
competition

No opportunities;
required skills weak

Some opportunities;
required skills moderate

Considerable leverage;
skills / resources needed
exist

Excellent leverage;
excellent fit between
needs and company

Low; big gap; technology
new to company

Modest; a few hurdles;
limited evidence for
technical feasibility

Good; small gap; some
evidence of technical
feasibility

Straight-forward; have
already demonstrated
technical feasibility

Poor; NPV negative;
payback > 5yrs

Modest; NPV positive;
payback ~ 4yrs

Fairly good; NPV positive;
payback ~ 2yrs

Excellent; NPV positive;
payback < 1yr

Leverage Core Competencies
Technical Feasibility
Financial Reward vs. Risk

Matt Mayfield . Dec 2013 . source: Robert Cooper (2001) Portfolio Management for New Products
Matt Mayfield . Dec 2013
Scorecards can help...
LOW

MED-LOW

MED-HIGH

HIGH

Strategic Alignment &
Importance

Not important to
business; low impact

Somewhat supports
business

Supports business
strategy; good impact

Aligns well; very
important; high impact

Product & Competitive
Advantage

None; neutral customer
feedback

Limited; marginally
superior; OK value

Some new benefits;
good value; positive
feedback

Major new benefits; very
positive feedback

Market Attractiveness

Low growth/margins;
tough competition

Modest market; limited
growth

Significant market; good
growth/margins

Large, growing; weaker
competition

No opportunities;
required skills weak

Some opportunities;
required skills moderate

Considerable leverage;
skills / resources needed
exist

Excellent leverage;
excellent fit between
needs and company

Low; big gap; technology
new to company

Modest; a few hurdles;
limited evidence for
technical feasibility

Good; small gap; some
evidence of technical
feasibility

Straight-forward; have
already demonstrated
technical feasibility

Poor; NPV negative;
payback > 5yrs

Modest; NPV positive;
payback ~ 4yrs

Fairly good; NPV positive;
payback ~ 2yrs

Excellent; NPV positive;
payback < 1yr

Leverage Core Competencies
Technical Feasibility
Financial Reward vs. Risk

Matt Mayfield . Dec 2013 . source: Robert Cooper (2001) Portfolio Management for New Products
Matt Mayfield . Dec 2013
...but decision making can be biased
Anchoring
difficulty revisiting initial assessments however inaccurate
Emotional tagging
associating past emotions when perceiving similar situations
Attribution
overweighting success as individual, failure as external
Complexity
assuming one can fully see and understand a complex situation

Matt Mayfield . Dec 2013 . source: Daniel Kahneman (July 2003) “Delusions of Success” HBR, Andrew Campbell (Feb 2009) “Why Good Leaders Make Bad Decisions”, HBR
Matt Mayfield . Dec 2013
Matt Mayfield . Dec 2013 . source: Sir Patrick Moore (1969) & http://en.wikipedia.org/wiki/List_of_lunar_features
Matt Mayfield . Dec 2013 . source: Chesley Bonestell, The Great Wall. “Conquest of Space” (1949) Life Magazine
Matt Mayfield . Dec 2013 . sources: Motorola, Domus Academy, ReadyToPresent
Where does this
leave us?
Matt Mayfield . Dec 2013
Ultimately, management is leadership

Matt Mayfield . Dec 2013
Ultimately, management is leadership

option 1

Matt Mayfield . Dec 2013
Ultimately, management is leadership

option 1
option 2

Matt Mayfield . Dec 2013
Which is increasingly hard

Capability

How to make
things/services

What’s worth
making
Then

Matt Mayfield . Dec 2013 . source: Patrick Whitney, IIT Institute of Design

Now
Design can help

Fully integrated
context
Matt Mayfield . Dec 2013

Directed and
meaningful options

Compelling and
powerful directions
Mintzberg: Strategic Thinking as “Seeing”

Matt Mayfield . Dec 2013 . source: Henry Mintzberg “Strategic Thinking as ‘Seeing’” (1991) Helsinki, Finland
Mintzberg: Strategic Thinking as “Seeing”

Ahead

Matt Mayfield . Dec 2013 . source: Henry Mintzberg “Strategic Thinking as ‘Seeing’” (1991) Helsinki, Finland
Mintzberg: Strategic Thinking as “Seeing”

Behind

Ahead

Matt Mayfield . Dec 2013 . source: Henry Mintzberg “Strategic Thinking as ‘Seeing’” (1991) Helsinki, Finland
Mintzberg: Strategic Thinking as “Seeing”
Above

Behind

Ahead

Matt Mayfield . Dec 2013 . source: Henry Mintzberg “Strategic Thinking as ‘Seeing’” (1991) Helsinki, Finland
Mintzberg: Strategic Thinking as “Seeing”
Above

Behind

Ahead

Below

Matt Mayfield . Dec 2013 . source: Henry Mintzberg “Strategic Thinking as ‘Seeing’” (1991) Helsinki, Finland
Mintzberg: Strategic Thinking as “Seeing”
Beyond
Above

Behind

Ahead

Below

Beside

Matt Mayfield . Dec 2013 . source: Henry Mintzberg “Strategic Thinking as ‘Seeing’” (1991) Helsinki, Finland
Mintzberg: Strategic Thinking as “Seeing”
Beyond
Above

Behind

Ahead

Below

Beside

Matt Mayfield . Dec 2013 . source: Henry Mintzberg “Strategic Thinking as ‘Seeing’” (1991) Helsinki, Finland

Through
Thank you
Matt Mayfield
mayfield@id.iit.edu
www.linkedin.com/in/mayfield

2013: Design-Driven Product Management

  • 1.
    Design-Driven Product Line and PortfolioManagement Matt Mayfield IIT Institute of Design, Chicago Assistant Dean, Academics
  • 2.
    Matt Mayfield Academic 2004-present IIT Instituteof Design, Chicago - Graduate and PhD programs in advanced Design - Emphasis on disciplined methods for guiding innovation Corporate 2001-2008 Motorola Mobility (now a part of Google) - Mobile devices/services strategy and planning - Emphasis on understanding the impact of mobility on daily life Consulting 1992-2001 Doblin Group (now a part of Deloitte) - Innovation & strategy consulting - Emphasis on user-centered techniques for business innovation Matt Mayfield . Dec 2013
  • 3.
    Areas of experience Consumer •Motorola • Amway • Texas Instruments • McDonalds • Polycom • Monsanto • SC Johnson • Baxter Medical • SAS Airlines Service • Sto Corp • Wierton Steel • Haworth furniture B2B Matt Mayfield . Dec 2013 Product
  • 4.
    IIT Institute ofDesign The evolution of the field of design has led to intersecting areas of study Strategy & Planning Interaction Design User Research Matt Mayfield . Dec 2013 Product Design Systems & Platforms Comm. Design
  • 5.
  • 6.
    Matt Mayfield .Dec 2013 . image: http://en.wikipedia.org/wiki/Supermarket
  • 7.
    Matt Mayfield ..Dec2013 . image: http://isabellesfishbowl.files.wordpress.com/2012/02/img_0657.jpg Matt Mayfield Dec 2013
  • 8.
    The challenge Capability How tomake things/services What’s worth making Then Matt Mayfield . Dec 2013 . source: Patrick Whitney, IIT Institute of Design Now
  • 9.
    Matt Mayfield .Dec 2013 . image: http://www.zdnet.com/blog/btl/
  • 10.
    100% Broadband video player Tangentialopportunities in mobile wireless Enterprise VPN/Security Broadband audio player Broadband camcorder 80% CAGR% 2009-2013 Broadband digital still camera 60% Memory keeping/sharing eBook Navigation Eco 40% Music streaming 20% 0% -10% ? ? ? Professional healthcare Digital picture frame Personal care & wellness Enterprise unified communication Enterprise mobile broadband Advertising MID Music on demand Wearables Netbook Mobile TV Coordinate Education Parenting & family monitoring Mobile banking UMPC Consumer IM Access Outdoor/rugged phone Video on demand Gaming Mobile payment Pets tracking Ringback tone PND Ring tone Wallpaper Broadband VoIP Consumer SMS Game Personal safety Mobile Social Networking console Hospitality wayfinding Consumer Email Fashion / Consumer MMS Luxury phone VR/TTS $60 $0 Elderly phone $2 $4 $10 $20 $35 2011 Expected Market Value Chain Revenue ($bil) Matt Mayfield . Dec 2013
  • 11.
  • 12.
    Matt Mayfield .Dec 2013 . image: http://market.qlikview.com/idiscover-for-imis.html
  • 13.
    Matt Mayfield ..Dec2013 . image: http://newsroom.blogs.cnn.com/2013/04/15/a-rather-rare-weather-prediction/ Matt Mayfield Dec 2013
  • 14.
    Matt Mayfield ..Dec2013 . images: wikimedia.org/wikipedia/commons/2/2b/ and http://news.mynavi.jp/news/2001/05/23/10l.jpg Matt Mayfield Dec 2013
  • 15.
  • 16.
    Simplified view ofInnovation Stepping back from the details Analysis • Examine market • Know customers • Generate options Matt Mayfield . Dec 2013 Synthesis • Choose direction • Specify offerings • Deliver offerings
  • 17.
    Simplified view ofInnovation Stepping back from the details Analysis • Examine market • Know customers • Generate options Matt Mayfield . Dec 2013 Product Management Synthesis • Choose direction • Specify offerings • Deliver offerings
  • 18.
    Planning also requirestwo perspectives Strategy Portfolio Planning Definition Matt Mayfield . Dec 2013
  • 19.
    Planning also requirestwo perspectives Strategy Portfolio Planning Definition Matt Mayfield . Dec 2013
  • 20.
    Planning also requirestwo perspectives Strategy Portfolio Planning Definition Matt Mayfield . Dec 2013
  • 21.
    Challenges that designcan help with Strategy Analysis Synthesis Definition Matt Mayfield . Dec 2013
  • 22.
    Challenges that designcan help with Strategy Partial context Analysis Synthesis Definition Matt Mayfield . Dec 2013
  • 23.
    Challenges that designcan help with Strategy Partial context Analysis Synthesis Random options Definition Matt Mayfield . Dec 2013
  • 24.
    Challenges that designcan help with Strategy Partial context Dull decisions Analysis Random options Definition Matt Mayfield . Dec 2013 Synthesis
  • 25.
  • 26.
    Context has manyelements Company Matt Mayfield . Dec 2013 Customers Competition
  • 27.
    Competencies Useful for focus,can sometimes be too narrowing Goals strategic goals are often implicit and emergent Position benchmarks are ambiguous Desire to change pain can felt unevenly across the organization Matt Mayfield . Dec 2013
  • 28.
    Matt Mayfield ..Dec2013 . image: http://img1.etsystatic.com/000/0/5715016/ Matt Mayfield Dec 2013
  • 29.
    Form Apple iPad mini2 Samsung Galaxy Tab 3 Lenovo Miix 2 Acer Iconia W3 Matt Mayfield ..Dec 2013 . images: http://www.phoneArena.com and http://www.att.com Matt Mayfield Dec 2013
  • 30.
    Form Category Apple iPod touch Apple iPad mini2 Samsung Galaxy Google Nexus 10 Samsung Galaxy Tab 3 Motorola DROID XYBOARD Lenovo Miix 2 Samsung Galaxy Note Acer Iconia W3 Microsoft Surface Pro 2 Matt Mayfield ..Dec 2013 . images: http://www.phoneArena.com and http://www.att.com Matt Mayfield Dec 2013
  • 31.
    Form Category Benefit Apple iPod touch Sony Playstation Vita AppleiPad mini 2 Samsung Galaxy Amazon Kindle Fire HDX Nokia Lumia 1520 HTC One mini Google Nexus 10 Samsung Galaxy Tab 3 Asus G51Jx 3DE Motorola DROID XYBOARD Lenovo Miix 2 Canon Powershot A2600 Samsung Galaxy Note Acer Iconia W3 Microsoft Surface Pro 2 Samsung Netbook Matt Mayfield ..Dec 2013 . images: http://www.phoneArena.com and http://www.att.com Matt Mayfield Dec 2013
  • 32.
    Form Category Benefit Entertainment Apple iPod touch Sony Playstation Vita AppleiPad mini 2 Samsung Galaxy Communication Amazon Kindle Fire HDX Nokia Lumia 1520 HTC One mini Google Nexus 10 Samsung Galaxy Tab 3 Productivity Asus G51Jx 3DE Motorola DROID XYBOARD Lenovo Miix 2 Canon Powershot A2600 Samsung Galaxy Note Acer Iconia W3 Microsoft Surface Pro 2 Samsung Netbook Matt Mayfield ..Dec 2013 . images: http://www.phoneArena.com and http://www.att.com Matt Mayfield Dec 2013
  • 33.
    Integrated and interpretedcontext Company • Position • Pain Matt Mayfield . Dec 2013 Customers • Activities • Adoption Competition • Benefits • Differentiation
  • 34.
    Context of Healthcare& Mobile Technology Product and service directions Dimensions of customers and competitive drivers Domains of technical innovation Matt Mayfield . Dec 2013
  • 35.
  • 36.
    Looking for theinnovation sweet spot... Desirable Valued benefits Possible Technology capability Viable Sustainable profits Matt Mayfield . Dec 2013
  • 37.
  • 38.
    Matt Mayfield .Dec 2013 . image: http://www.albemarle.edu/news/397/511/QEP-Brainstorming-Session-at-COA
  • 39.
    Simplified view ofInnovation Basic brainstorming is ineffective Traditional “rules” result in... Focus on quantity ...many ideas Withhold criticism ...many bad ideas Welcome unusual ideas ...many silly, bad ideas Build on others’ ideas ...many more, silly, bad ideas Matt Mayfield . Dec 2013
  • 40.
    Simplified view Innovation Knowwhatofyou are solving for New / Better product experiences New / Better business models New / Better market spaces New / Better capabilities Different types of problems require different techniques, and none of them can be finished in a single session. Matt Mayfield . Dec 2013
  • 41.
    Simplified view ofInnovation Better tools and techniques Customer Journey Context modeling Co-Design / Participatory Design Rapid Prototyping Designing for Growth Jeanne Liedtka Matt Mayfield . Dec 2013 Scenario Road-mapping Concept Systems Experience Storyboards Exposing the Magic of Design Jon Kolko Design-Driven Innovation Roberto Verganti 101 Design Methods Vijay Kumar
  • 42.
  • 43.
    Scorecards can help... LOW MED-LOW MED-HIGH HIGH StrategicAlignment & Importance Not important to business; low impact Somewhat supports business Supports business strategy; good impact Aligns well; very important; high impact Product & Competitive Advantage None; neutral customer feedback Limited; marginally superior; OK value Some new benefits; good value; positive feedback Major new benefits; very positive feedback Market Attractiveness Low growth/margins; tough competition Modest market; limited growth Significant market; good growth/margins Large, growing; weaker competition No opportunities; required skills weak Some opportunities; required skills moderate Considerable leverage; skills / resources needed exist Excellent leverage; excellent fit between needs and company Low; big gap; technology new to company Modest; a few hurdles; limited evidence for technical feasibility Good; small gap; some evidence of technical feasibility Straight-forward; have already demonstrated technical feasibility Poor; NPV negative; payback > 5yrs Modest; NPV positive; payback ~ 4yrs Fairly good; NPV positive; payback ~ 2yrs Excellent; NPV positive; payback < 1yr Leverage Core Competencies Technical Feasibility Financial Reward vs. Risk Matt Mayfield . Dec 2013 . source: Robert Cooper (2001) Portfolio Management for New Products Matt Mayfield . Dec 2013
  • 44.
    Scorecards can help... LOW MED-LOW MED-HIGH HIGH StrategicAlignment & Importance Not important to business; low impact Somewhat supports business Supports business strategy; good impact Aligns well; very important; high impact Product & Competitive Advantage None; neutral customer feedback Limited; marginally superior; OK value Some new benefits; good value; positive feedback Major new benefits; very positive feedback Market Attractiveness Low growth/margins; tough competition Modest market; limited growth Significant market; good growth/margins Large, growing; weaker competition No opportunities; required skills weak Some opportunities; required skills moderate Considerable leverage; skills / resources needed exist Excellent leverage; excellent fit between needs and company Low; big gap; technology new to company Modest; a few hurdles; limited evidence for technical feasibility Good; small gap; some evidence of technical feasibility Straight-forward; have already demonstrated technical feasibility Poor; NPV negative; payback > 5yrs Modest; NPV positive; payback ~ 4yrs Fairly good; NPV positive; payback ~ 2yrs Excellent; NPV positive; payback < 1yr Leverage Core Competencies Technical Feasibility Financial Reward vs. Risk Matt Mayfield . Dec 2013 . source: Robert Cooper (2001) Portfolio Management for New Products Matt Mayfield . Dec 2013
  • 45.
    ...but decision makingcan be biased Anchoring difficulty revisiting initial assessments however inaccurate Emotional tagging associating past emotions when perceiving similar situations Attribution overweighting success as individual, failure as external Complexity assuming one can fully see and understand a complex situation Matt Mayfield . Dec 2013 . source: Daniel Kahneman (July 2003) “Delusions of Success” HBR, Andrew Campbell (Feb 2009) “Why Good Leaders Make Bad Decisions”, HBR Matt Mayfield . Dec 2013
  • 46.
    Matt Mayfield .Dec 2013 . source: Sir Patrick Moore (1969) & http://en.wikipedia.org/wiki/List_of_lunar_features
  • 47.
    Matt Mayfield .Dec 2013 . source: Chesley Bonestell, The Great Wall. “Conquest of Space” (1949) Life Magazine
  • 48.
    Matt Mayfield .Dec 2013 . sources: Motorola, Domus Academy, ReadyToPresent
  • 49.
    Where does this leaveus? Matt Mayfield . Dec 2013
  • 50.
    Ultimately, management isleadership Matt Mayfield . Dec 2013
  • 51.
    Ultimately, management isleadership option 1 Matt Mayfield . Dec 2013
  • 52.
    Ultimately, management isleadership option 1 option 2 Matt Mayfield . Dec 2013
  • 53.
    Which is increasinglyhard Capability How to make things/services What’s worth making Then Matt Mayfield . Dec 2013 . source: Patrick Whitney, IIT Institute of Design Now
  • 54.
    Design can help Fullyintegrated context Matt Mayfield . Dec 2013 Directed and meaningful options Compelling and powerful directions
  • 55.
    Mintzberg: Strategic Thinkingas “Seeing” Matt Mayfield . Dec 2013 . source: Henry Mintzberg “Strategic Thinking as ‘Seeing’” (1991) Helsinki, Finland
  • 56.
    Mintzberg: Strategic Thinkingas “Seeing” Ahead Matt Mayfield . Dec 2013 . source: Henry Mintzberg “Strategic Thinking as ‘Seeing’” (1991) Helsinki, Finland
  • 57.
    Mintzberg: Strategic Thinkingas “Seeing” Behind Ahead Matt Mayfield . Dec 2013 . source: Henry Mintzberg “Strategic Thinking as ‘Seeing’” (1991) Helsinki, Finland
  • 58.
    Mintzberg: Strategic Thinkingas “Seeing” Above Behind Ahead Matt Mayfield . Dec 2013 . source: Henry Mintzberg “Strategic Thinking as ‘Seeing’” (1991) Helsinki, Finland
  • 59.
    Mintzberg: Strategic Thinkingas “Seeing” Above Behind Ahead Below Matt Mayfield . Dec 2013 . source: Henry Mintzberg “Strategic Thinking as ‘Seeing’” (1991) Helsinki, Finland
  • 60.
    Mintzberg: Strategic Thinkingas “Seeing” Beyond Above Behind Ahead Below Beside Matt Mayfield . Dec 2013 . source: Henry Mintzberg “Strategic Thinking as ‘Seeing’” (1991) Helsinki, Finland
  • 61.
    Mintzberg: Strategic Thinkingas “Seeing” Beyond Above Behind Ahead Below Beside Matt Mayfield . Dec 2013 . source: Henry Mintzberg “Strategic Thinking as ‘Seeing’” (1991) Helsinki, Finland Through
  • 62.