Successful companies focus on product value rather than merely product costs. They apply more new product development methods and use them more intensely, achieving 11% higher success rates. The right combination of methods from different functions, like purchasing and R&D, leads to 15% greater success. Establishing top management support and structuring the development process also helps maximize new product value and profitability.
A decades-old dream is on the verge of coming true. Autonomous vehicles (AVs) will hit the road as early as 2017, when several original equipment manufacturers (OEMs) and technology companies plan to launch pilot projects or roll out commercial vehicles with varying levels of self-driving capability. Mass adoption of self-driving technology will deliver tremendous economic benefits. But it will also disrupt business as usual for a wide variety of companies, including OEMs, mobility providers, and component makers. The coming AV era raises urgent questions for executives of these companies: What is the cost of these technologies and what are consumers willing to pay for them? How fast will mass markets adopt AVs and how might car sharing and societal shifts impact these introductions? What technological challenges must be overcome to enable fully autonomous driving? Where should OEMs and new entrants focus their R&D investments? And how should players in the AV market address consumer concerns around safety, lack of control, and the risks of faulty technology?
L.E.K. Consulting’s annual Media & Entertainment Study
was conducted between December 2018 and January
2019. We surveyed around 2,000 households on their
entertainment choices, preferences and viewing habits.
This Executive Insights analyzes key findings about
movie theater attendance and subscription services.
18th Annual Global CEO Survey - Technology industry key findingsPwC
Tech CEOs are optimistic about the global economy and both near term and future revenue growth. They view strategic alliances, including partnering with competitors, as a primary means to grow their businesses. We invite you to explore the analysis and contact us to discuss how we can help your business capitalise on the new - but challenging - opportunities for growth. Learn more http://pwc.to/1DaolqY
Website: http://www.pwc.com/gx/en/ceo-survey/2015/industry/technology.jhtml
Tech Adoption and Strategy for Innovation & Growthaccenture
Accenture presents the benefits of investing in technology at scale by discussing the importance of tech adoption and strategy through case studies. View more.
A.T. Kearney reached out to more than 2,000 executives, business leaders, and heads of strategy functions to discuss their thoughts on the state of strategy today. Our findings indicate that while most leaders continue to believe in strategy, the return on their strategy initiatives has largely eroded over the past decade. In fact, when asked what it takes to secure a prosperous future, more than 80 percent of executives consider agility as important or more important than strategy when it comes to securing a prosperous future. Fortunately, the findings also point to promising ways to reclaim strategy—including using future-focused tools and techniques and engaging the organization in strategy formulation.
Right Cloud Mindset: Survey Results Hospitality | Accentureaccenture
Looking two years ahead: Functional objectives along with technology related challenges and top five areas of investment for hospitality companies. Learn more: https://accntu.re/3uB9LL1
The 2016 Strategic Hospital Priorities Study examines the current direction of the industry and, in particular, how Medtech companies can capitalize on the many needs of hospital administrators.
While the healthcare market has steadily evolved since L.E.K. Consulting issued its first hospital study in 2010, many of the same trends remain in place — among them consolidation, non-acute care integration, accountability, technology enhancements and novel pricing schemes.
This Executive Insights addresses a number of key topics, including:
Hospital administrator’s chief priorities
Most valuable medtech services
Focus on IT spending
Outlook for outsourcing
Summary: Even in a time of high biopharma valuations, adopting an activist mentality adds rigor to capital allocation and strategic decision-making, improving not just returns to shareholders but long-term value creation. Therefore, biopharma management teams and boards of directors should proactively assess the “fitness” of their capital allocation strategies and their alignment with operational performance goals by taking an outsider’s view of the business even when times are good — and before a material stumble provides a compelling reason for an outsider to act. For more on this topic, go to http://www.ey.com/GL/en/Industries/Life-Sciences/EY-vital-signs-how-fit-is-your-capital-allocation-strategy.
A decades-old dream is on the verge of coming true. Autonomous vehicles (AVs) will hit the road as early as 2017, when several original equipment manufacturers (OEMs) and technology companies plan to launch pilot projects or roll out commercial vehicles with varying levels of self-driving capability. Mass adoption of self-driving technology will deliver tremendous economic benefits. But it will also disrupt business as usual for a wide variety of companies, including OEMs, mobility providers, and component makers. The coming AV era raises urgent questions for executives of these companies: What is the cost of these technologies and what are consumers willing to pay for them? How fast will mass markets adopt AVs and how might car sharing and societal shifts impact these introductions? What technological challenges must be overcome to enable fully autonomous driving? Where should OEMs and new entrants focus their R&D investments? And how should players in the AV market address consumer concerns around safety, lack of control, and the risks of faulty technology?
L.E.K. Consulting’s annual Media & Entertainment Study
was conducted between December 2018 and January
2019. We surveyed around 2,000 households on their
entertainment choices, preferences and viewing habits.
This Executive Insights analyzes key findings about
movie theater attendance and subscription services.
18th Annual Global CEO Survey - Technology industry key findingsPwC
Tech CEOs are optimistic about the global economy and both near term and future revenue growth. They view strategic alliances, including partnering with competitors, as a primary means to grow their businesses. We invite you to explore the analysis and contact us to discuss how we can help your business capitalise on the new - but challenging - opportunities for growth. Learn more http://pwc.to/1DaolqY
Website: http://www.pwc.com/gx/en/ceo-survey/2015/industry/technology.jhtml
Tech Adoption and Strategy for Innovation & Growthaccenture
Accenture presents the benefits of investing in technology at scale by discussing the importance of tech adoption and strategy through case studies. View more.
A.T. Kearney reached out to more than 2,000 executives, business leaders, and heads of strategy functions to discuss their thoughts on the state of strategy today. Our findings indicate that while most leaders continue to believe in strategy, the return on their strategy initiatives has largely eroded over the past decade. In fact, when asked what it takes to secure a prosperous future, more than 80 percent of executives consider agility as important or more important than strategy when it comes to securing a prosperous future. Fortunately, the findings also point to promising ways to reclaim strategy—including using future-focused tools and techniques and engaging the organization in strategy formulation.
Right Cloud Mindset: Survey Results Hospitality | Accentureaccenture
Looking two years ahead: Functional objectives along with technology related challenges and top five areas of investment for hospitality companies. Learn more: https://accntu.re/3uB9LL1
The 2016 Strategic Hospital Priorities Study examines the current direction of the industry and, in particular, how Medtech companies can capitalize on the many needs of hospital administrators.
While the healthcare market has steadily evolved since L.E.K. Consulting issued its first hospital study in 2010, many of the same trends remain in place — among them consolidation, non-acute care integration, accountability, technology enhancements and novel pricing schemes.
This Executive Insights addresses a number of key topics, including:
Hospital administrator’s chief priorities
Most valuable medtech services
Focus on IT spending
Outlook for outsourcing
Summary: Even in a time of high biopharma valuations, adopting an activist mentality adds rigor to capital allocation and strategic decision-making, improving not just returns to shareholders but long-term value creation. Therefore, biopharma management teams and boards of directors should proactively assess the “fitness” of their capital allocation strategies and their alignment with operational performance goals by taking an outsider’s view of the business even when times are good — and before a material stumble provides a compelling reason for an outsider to act. For more on this topic, go to http://www.ey.com/GL/en/Industries/Life-Sciences/EY-vital-signs-how-fit-is-your-capital-allocation-strategy.
Shaping the Sustainable Organization | Accentureaccenture
Accenture helps companies unlock the business and environmental value of organizational sustainability by strengthening their sustainability DNA. Read more.
EY's European Banking Barometer – 2015 identifies the views of 226 senior European bankers across 11 markets regarding their views of the macro-economic outlook and the impact they think it will have on the banking industry in 2015.
For further information visit: www.ey.com/ebb
Unleashing Competitiveness on the Cloud Continuum | Accentureaccenture
Accenture reports how the cloud continuum creates a seamless technology & capability foundation that meets business needs now and in the future. Read more.
The Rapidly Evolving Landscape of Meal Kits and E-commerce in Food & BeverageL.E.K. Consulting
Consumers are increasingly strapped for time, and when they’re shopping for and preparing fresh, healthy food, every extra minute counts. Here’s where meal kits and e-commerce come in: they give consumers control and the ability to personalize their meals, while saving them valuable time otherwise spent on shopping and food prep.
In this webinar, Rob Wilson, Managing Director at L.E.K. Consulting, and The Food Institute will explore the $150 billion land grab of e-commerce sales in food & beverage and the role of meal kits in this rapidly evolving landscape.
Unlocking the data possibilities of Big Data presentation shared at the Big Data / Internet of Things Conference Board Conference June 25-26, 2015
http://www.pwc.com/us/en/analytics/big-data.jhtml
Intelligent Operations for Future-Ready Businesses | Accentureaccenture
Accenture reveals that the relationship between intelligent operations and business value creation is key to becoming a future-ready organization. Read More.
Fintech New York: Partnerships, Platforms and Open Innovationaccenture
We are in the midst of a major disruption in the financial services that will see increasing adoption and evolution of disruptive FinTech solutions. Read our report released at the Fintech Innovation Lab’s Fifth Annual Demo Day Event.
Since last year ended on such a strong note, many of us were optimistic about the prospects for Q1. Though not as strong as the fourth quarter of 2014, the first quarter of 2015 kicked off on a positive note, with 23 technology companies raising US$6.1billion* in proceeds from their IPOs. That’s the second highest first quarter proceeds in the past five years and impressive given the increased US market volatility and consistent with the high pre-IPO valuations we’ve seen recently. Granted, if you look at the year over year comparison, offerings were down 12% and proceeds declined 11%. And sequentially, the number of technology IPOs declined 32% while proceeds fell by 19%. Still, it’s a promising start for 2015. Learn more at www.pwc.com/globaltechipo
*Deal size greater than US$40 million
PwC’s Trends in People Analytics report highlights our recently published 2015 PwC Saratoga US benchmark data, as well as the implications for people analytics functions and key trends for consideration.
When, Where & How AI Will Boost Federal Workforce Productivityaccenture
Accenture developed an economic model to understand how AI will impact the U.S. federal workforce, through automation and augmentation. Learn more: https://accntu.re/3hsRG8O
The Accelerating Growth of Frictionless Commerce | A.T. KearneyKearney
Traditional payments are being replaced by new "frictionless" options that use customer-provided data to make a purchase without an explicit customer decision.
Retailers who are proactive with their approach to consumer privacy and retail cyber security will create more meaningful data and consumer engagement.
The prosperity that Australia enjoys today will be challenged in the next decade. Disruptive technology will create fewer but bigger winners and more losers. Business has to increase its risk appetite, discover new ideas, pursue more radical strategies, and take bigger steps. In the face of adversity, Australia must respond.
On June 21st, PwC’s Health Research Institute (HRI) released its annual Medical Cost Trend: Behind the Numbers 2017 report. PwC’s HRI anticipates a 6.5% growth rate for 2017—the same as was projected for 2016. The report identifies the key inflators and deflators as well as historical context to better understand the medical cost trend for 2017. Increases in the trend due to utilization of convenient care access points and an uptick in behavioral healthcare benefits for employees are being offset by more aggressive strategies by pharmacy benefit
A.T. Kearney: Positioning for the Telematics Tipping PointbengillTU
Here is one of the keynote presentations from the hugely successful Insurance Telematics USA 2010.
During the presentation, two Vice Presidents from A.T. Kearney answer the following questions:
- How will the insurance telematics market evolve in the next 3-5 years?
- What are the implications for insurance companies?
- How should insurance companies position themselves for success in the face of uncertainty?
To view the presentation WITH AUDIO then click here:
http://www.telematicsupdate.com/insurance-telematics/presentations.shtml
Shaping the Sustainable Organization | Accentureaccenture
Accenture helps companies unlock the business and environmental value of organizational sustainability by strengthening their sustainability DNA. Read more.
EY's European Banking Barometer – 2015 identifies the views of 226 senior European bankers across 11 markets regarding their views of the macro-economic outlook and the impact they think it will have on the banking industry in 2015.
For further information visit: www.ey.com/ebb
Unleashing Competitiveness on the Cloud Continuum | Accentureaccenture
Accenture reports how the cloud continuum creates a seamless technology & capability foundation that meets business needs now and in the future. Read more.
The Rapidly Evolving Landscape of Meal Kits and E-commerce in Food & BeverageL.E.K. Consulting
Consumers are increasingly strapped for time, and when they’re shopping for and preparing fresh, healthy food, every extra minute counts. Here’s where meal kits and e-commerce come in: they give consumers control and the ability to personalize their meals, while saving them valuable time otherwise spent on shopping and food prep.
In this webinar, Rob Wilson, Managing Director at L.E.K. Consulting, and The Food Institute will explore the $150 billion land grab of e-commerce sales in food & beverage and the role of meal kits in this rapidly evolving landscape.
Unlocking the data possibilities of Big Data presentation shared at the Big Data / Internet of Things Conference Board Conference June 25-26, 2015
http://www.pwc.com/us/en/analytics/big-data.jhtml
Intelligent Operations for Future-Ready Businesses | Accentureaccenture
Accenture reveals that the relationship between intelligent operations and business value creation is key to becoming a future-ready organization. Read More.
Fintech New York: Partnerships, Platforms and Open Innovationaccenture
We are in the midst of a major disruption in the financial services that will see increasing adoption and evolution of disruptive FinTech solutions. Read our report released at the Fintech Innovation Lab’s Fifth Annual Demo Day Event.
Since last year ended on such a strong note, many of us were optimistic about the prospects for Q1. Though not as strong as the fourth quarter of 2014, the first quarter of 2015 kicked off on a positive note, with 23 technology companies raising US$6.1billion* in proceeds from their IPOs. That’s the second highest first quarter proceeds in the past five years and impressive given the increased US market volatility and consistent with the high pre-IPO valuations we’ve seen recently. Granted, if you look at the year over year comparison, offerings were down 12% and proceeds declined 11%. And sequentially, the number of technology IPOs declined 32% while proceeds fell by 19%. Still, it’s a promising start for 2015. Learn more at www.pwc.com/globaltechipo
*Deal size greater than US$40 million
PwC’s Trends in People Analytics report highlights our recently published 2015 PwC Saratoga US benchmark data, as well as the implications for people analytics functions and key trends for consideration.
When, Where & How AI Will Boost Federal Workforce Productivityaccenture
Accenture developed an economic model to understand how AI will impact the U.S. federal workforce, through automation and augmentation. Learn more: https://accntu.re/3hsRG8O
The Accelerating Growth of Frictionless Commerce | A.T. KearneyKearney
Traditional payments are being replaced by new "frictionless" options that use customer-provided data to make a purchase without an explicit customer decision.
Retailers who are proactive with their approach to consumer privacy and retail cyber security will create more meaningful data and consumer engagement.
The prosperity that Australia enjoys today will be challenged in the next decade. Disruptive technology will create fewer but bigger winners and more losers. Business has to increase its risk appetite, discover new ideas, pursue more radical strategies, and take bigger steps. In the face of adversity, Australia must respond.
On June 21st, PwC’s Health Research Institute (HRI) released its annual Medical Cost Trend: Behind the Numbers 2017 report. PwC’s HRI anticipates a 6.5% growth rate for 2017—the same as was projected for 2016. The report identifies the key inflators and deflators as well as historical context to better understand the medical cost trend for 2017. Increases in the trend due to utilization of convenient care access points and an uptick in behavioral healthcare benefits for employees are being offset by more aggressive strategies by pharmacy benefit
A.T. Kearney: Positioning for the Telematics Tipping PointbengillTU
Here is one of the keynote presentations from the hugely successful Insurance Telematics USA 2010.
During the presentation, two Vice Presidents from A.T. Kearney answer the following questions:
- How will the insurance telematics market evolve in the next 3-5 years?
- What are the implications for insurance companies?
- How should insurance companies position themselves for success in the face of uncertainty?
To view the presentation WITH AUDIO then click here:
http://www.telematicsupdate.com/insurance-telematics/presentations.shtml
Big data is getting bigger, creating more challenges and opening more opportunities for businesses. This McKinsey presentation argues that CMOs and sales leaders need to take 5 actions: harness their data, put data at the heart of the organization,
Y Combinator の考え方を中心にした 技術系スタートアップの資金調達 & ピッチ入門のドキュメントです。
ネットで検索すると「良いピッチのスライド構成」や「資金調達の仕組みの解説」などは色々出てくるのですが、「起業家側がどういうタイミングで、どうやれば資金調達の交渉がうまく進むのか」みたいな記事はあまりなかったので、まああってもいいのかなと思って書きました。Y Combinator や Paul Graham の考え方が中心です。
The slide deck we used to raise half a million dollarsBuffer
This is the pitchdeck we used to raise half a million dollars from Angel investors. More here:
http://onstartups.com/tabid/3339/bid/98034/The-Pitch-Deck-We-Used-To-Raise-500-000-For-Our-Startup.aspx
Mastering the Product Development Process: A Comprehensive Guide to Bringing ...CIO Look Leader
Key Stages of the Product Development Process: 1. Idea Generation 2. Concept Development and Screening 3. Market Research 4. Prototype Development 5. Testing and Validation
On 4 November 2010, while climbing through 7,000 ft after departing from Changi Airport, Singapore, the Airbus A380 registered VH-OQA, sustained an uncontained engine rotor failure (UERF) of the No. 2 engine, a Rolls-Royce Trent 900. Debris from the UERF impacted the aircraft, resulting in significant structural and systems damage.
Global MRO market study: The civil maintenance, preventive maintenance and alteration (MRO) market contains four distinct segments: heavy airframe, engine, component and line maintenance.
The articles in this Special Report were previously published in Negotiation,
a monthly newsletter for leaders and business professionals in every field.
Negotiation is published by the Program on Negotiation at Harvard Law School, an interdisciplinary consortium that works to connect rigorous research and scholarship on negotiation and dispute resolution with a deep understanding of practice. For more information about the Program on Negotiation, our Executive Training programs, and
the Negotiation newsletter, please visit www.pon.harvard.edu.
All companies conducting business abroad should be concerned about compliance with
the Foreign Corrupt Practices Act (FCPA or the Act). Companies in certain industries
— like the aerospace and defense industry—due to the heavily regulated nature of the
industry and the level of interaction with foreign governments, are even more vulnerable
to FCPA liability than others.
Embraer foresees a 5% year-over-year Revenue Passenger Kilometer (RPK) growth over the next 20 years which will require 32,800 new aircraft deliveries representing a total market value of US$ 3,6 trillion.
In an effort to be more competitive, aerospace companies have to embrace a more integrated
and concurrent approach to their operational processes. The aim is to meet the key
requirements of being more cost effective, lean and agile while delivering consistently high
quality performance in their operational practices
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
According to TechSci Research report, “India Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.
Pitch Deck Teardown: RAW Dating App's $3M Angel deck
Roland berger best_practices_in_new_product_development_20130419
1. 1Best Practices in New Product Development.pptx
April 2013
Using effective methods
to boost success
Best practices in
new product development
2. 2Best Practices in New Product Development.pptx
From cost focus to product value management – Analysis of >400
development projects reveals new product development best practices
> In the last few years, the challenges for new product development have increased tremendously.
Companies are facing intense competition from emerging markets, stricter standardization and
regulations as well as changing customer behavior and requirements
> If companies fail to get the development process right, their products will flop or be too expensive
(up to 80% of all product-related costs are determined in the development phase)
> We have analyzed over 400 product development projects at leading manufacturing companies
and identified best practices in new product development. The key findings are:
> Successful companies focus on product value rather than merely on product costs
> By doing so, they both satisfy customers and increase product profitability
> Successful companies improve product value by using effective new product
development methods and also by creating the right framework
Management Summary
4. 4Best Practices in New Product Development.pptx
A. Background and challenges
5. 5Best Practices in New Product Development.pptx
Successful new product development is a growing
strategic challenge for many companies
> Increasing global competition in all major markets:
More new products from new competitors
> Shorter and shorter product lifecycles: Companies
are forced to churn out new innovations and new
products in shorter times and greater frequency
> High failure rates in many industries: Up to 60% of
new products/innovations flop
> Early cost determination: Up to 80% of product-related
costs determined already in the product development
phase
Background and challenges for companies
NEW PRODUCT
DEVELOPMENT
is a
for companies
growing
strategic
challenge
6. 6Best Practices in New Product Development.pptx
The key question is: How can companies improve product
development and maximize product success?
Scope and key questions
KEY
QUESTIONS
> How to improve new
product development
and maximize new
product success?
> What are the most
effective methods to
support new product
development?
> How can companies set
up an optimal
framework for realizing
successful new products
development?
APPROACH
SCOPE: NEW PRODUCT DEVELOPMENT
AND IMPACT ON PRODUCT SUCCESS
> Expert interviews
> Large scale empirical
study of 410 new product
development projects
> Ph.D. research together
with the Brandenburg
Technical University
Cottbus
New
product
success
Customer
preferences
and trends
Economic
background,
reaction of
competitors
New
product
develop-
ment
Quality of
market
introduction
…
…
7. 7Best Practices in New Product Development.pptx
B. Key findings of the study
8. 8Best Practices in New Product Development.pptx
To answer these questions, we analyzed 410 product development
projects from leading manufacturing companies
Study of 410 product development projects
INDUSTRIES
12%
13%
14%
26%
35%
COMPANY SIZE [FTE]
> 5,000
20%
1,000 to
< 5,000
26%
500 to < 1,000
17%
250 to < 50022%
< 250
15%
Other (building materials,
aviations, chemicals)
Electronics
Automotive
Plant
engineering Mechanical
engineering
Small
companies
Medium-sized
companies
Large
corporations
9. 9Best Practices in New Product Development.pptx
Key finding: Successful companies increase product profitability by
using effective new product development methods
Successful companies apply more
methods in new product development
and use them more intensively
1.
Successful companies select the right
methods at the right time2.
Successful companies combine different
methods from R&D, Market Research,
Purchasing, Quality, Logistics and Project
Management
3.
KEY RESULTS
10. 10Best Practices in New Product Development.pptx
Companies that apply more methods in product development and
use them more intensely have significantly higher project success
Impact of method application on product success
SUCCESSFUL COMPANIES APPLY
MORE METHODS …
… AND THEY USE THEM
MORE INTENSIVELY
Below
average
method use
Above
average
method use
Low
intensity
of use
High
intensity
of use
Product
success1)
Product
success1)
Companies that
use an above
average number
of methods have
a 11% higher
overall product
success rate
Companies that
apply methods
particularly intensively
have the highest overall
product success rate
+11% +19%
1) Product success measured as a combination of different aspects (market share, product revenues, product cost, return on investment, etc.)
1. MORE METHODS and INTENSIVE USE
11. 11Best Practices in New Product Development.pptx
Specified tenders1
Target costing2
Milestone planning
(stage gate, critical path
analysis)
1
Risk monitoring and
controlling
2
Benchmarking1
SWOT analysis2
Failure mode and effect
analysis (FMEA)
1
26 methods were analyzed in detail, thereof 15 purchasing,
project management and quality and logistics methods … (1/2)
PURCHASING
METHODS
QUALITY/LOGISTICS
METHODS
.21**
.15**
.15**
.14**
PROJECT MANAGEMENT
METHODS
CROSS-FUNCTIONAL
METHODS
.21**
.17**
.16**
.14**
.10
.10
.07
.18**
.16**
.15**
.14
Supplier management and
development
Product value/profitability
analysis
Creativity techniques
(brain-writing…)
3 3Low-cost/best-cost country
sourcing
3 3
Total cost of owner-
ship (TCO)
4 Project controlling
(time and budget)
4 Scenario planning
and analysis
4
Design for six sigma
(DFSS)
2
Methods sorted by impact on success.
Correlation coefficients (**/*results are significant at error probability of 1%/5%)
1-4
2. RIGHT METHODS
12. 12Best Practices in New Product Development.pptx
Design for manufacturing/
assembly (DFM/A)
1
Quality function deployment
(QFD)
2
Collaborative supplier
integration
4
Standardization/
modular design
5
7
... and 11 research and development and customer integration/
market research methods (2/2)
CUSTOMER INTEGRATION/MARKET RESEARCH
METHODS
Computer-aided engineering/
design
.21**
.14**
.12*
.14**
RESEARCH AND DEVELOPMENT
METHODS
.33**
.15**
.15**
3 Simultaneous/concurrent
engineering
6 (Rapid) Prototyping
Price test/price sensitivity
analysis
.23**
.19**
.19**
.13*
Product
(design) test
1
Consumer interviews
and observations
2
3
Conjoint
analysis
4
Methods sorted by impact on success.
Correlation coefficients (**/*results are significant at error probability of 1%/5%)
1-7
2. RIGHT METHODS
13. 13Best Practices in New Product Development.pptx
Successful companies select the right methods at the right time
Method application by project stage – Particularly successful companies
Method
application
per stage
Product
develop-
ment
stage
Legend
COMMENTS
> Successful companies
use market research
methods already in
early stages to
understand customer
requirements
> Successful companies
consider purchasing,
quality and logistics
also from an early
stage
> Highest use of
technical methods in
concept and prototype
phase
IDEA
DEVELOPMENT
PRODUCT
CONCEPT
DEVELOPMENT
PROTOTYPE
DEVELOPMENT
AND TESTING
DEVELOPMENT
OF FINAL
PRODUCT
Often
used
Rarely
used
Purchasing
Research and development
Customer integration/market research
Cross functional methods
Quality and logistics
2. RIGHT METHODS at the RIGHT TIME
14. 14Best Practices in New Product Development.pptx
Most important: Using the right combination of different methods is
key to product success
THE COMBINATION OF DIFFERENT METHODS
IS THE KEY TO PRODUCT SUCCESS
1) Product success measured as combination different aspects (market share, product revenues, product cost, return on investment, etc.)
2) Above average number of methods from all clusters used
Impact of combined (instead of isolated) use of methods
IMPACT ON PRODUCT SUCCESS COMBINATION OF METHODS
Companies that combine methods from all functions are 15%
more successful with their new products
Isolated
method
use
Combined
use of
methods2)
Product
success1)
+15%
Purchasing
Project
management
Cross-
functional
Quality and
logistic
Research &
development
Customer integration/
marketing research
3. RIGHT COMBINATION OF METHODS
15. 15Best Practices in New Product Development.pptx
Successful companies set up the right framework: They foster top-
management support and structure their product development process
Framework set by successful companies
1. MORE METHODS
and INTENSIVE USE
2. RIGHT METHODS
at the RIGHT TIME
3. RIGHT COMBINATION
of methods
> Top-management is actively involved in the project
> Top-management closely monitors the progress
of the project
> Top-management provides required resources
Strong top-management support
> Defined process stages with go/no-go decision gates
> Dedicated gatekeepers review projects at gates
> Activities per stage and corporate functions involved are
clearly defined
> Methods for each stage are defined and documented
Robust product development process
FRAMEWORK
16. 16Best Practices in New Product Development.pptx
C. From cost focus to
Product Value Management
17. 17Best Practices in New Product Development.pptx
Increased product value can only be achieved through a perspective
change – From cost focus to Product Value Management
Evolution of company focus
TODAY TOMORROW
VALUE
COSTS
Source: Roland Berger
FUNCTIONAL
COST
REDUCTION
PRODUCT
VALUE
MANAGE-
MENT (PVM)
Giving customers
what they want
> For a price they
are willing to pay
> At minimum costs
18. 18Best Practices in New Product Development.pptx
Product Value Management pursues two basic optimization routes
to satisfy customers and maximize the product margin
VALUE
CONTRIBUTION
RESULT
Products
with the
right features
at the
right cost
CUSTOMER
PERSPECTIVE
1 BETTER
Price increase
greater than (>)
cost increase
2 SAME
New cost
less than (<)
old cost
> Brand
performance
> Product
performance
> Functions
and features
Customer
satisfaction
Value formula
PERCEPTION
=
Value/
profitability
maximization
on product level
COMPANY
PERSPECTIVE
Source: Roland Berger
19. 19Best Practices in New Product Development.pptx
Examples from different industries demonstrate that both higher
customer satisfaction and increased product profitability can be achieved
Benefits – Examples
COMPETITIVE ADVANTAGE VIA SUPERIOR PRODUCT PERFORMANCE
> Packaging size reduction – More
sustainability and reduced cost
> Improvements vs. conventional
folding box:
– Reduced size by 20%
– Optimized construction
– Reduced material cost by 15%
– Reduced logistics costs
> New product idea – Panorama
sunroof with improved funct. value
> Improvements vs. standard
sunroof:
– Increased glass surface
– Increased margin by ~40%
– Differentiating element
– Standardized across car lines,
variants modularized
> New packaging with improved
functional value
> Improvements vs. conventional
packaging:
– Packaging improved: re-closable
– Product handling improved:
dragees
– Content increased: 46 pieces
Sales growth of +14%
~15% cost reduction ~40% margin increase ~6% price increase per piece
Car panorama
sunroof
Cosmetics
packaging
Chewing gum
packaging
20. 20Best Practices in New Product Development.pptx
Product Value Management is enabled by methods/tools
Approach
A What are
consumer
preferences
(e.g. performance,
features)?
> Consumer interview
and observations
> …
B What drives
cost and how
can we influence
them early on?
> Target costing
> Quality function
deployment (QFD)
> …
C What alternatives
do we have
(e.g. features,
solutions)?
> Collaborative
supplier integration
> …
D What alternative
is valued by the
consumer and
increases
profitability?
> Conjoint analysis
> Price test
> …
Method/tool examples
CONSUMER
perspective
COMPANY
perspective
DEVELOPMENT PROCESS
Source: Roland Berger
21. 21Best Practices in New Product Development.pptx
• Focus on target customers
• Understand customer value
• Choose the right methods and
combine them intelligently
• Take a cross-functional approach
• Think in terms of alternatives
• Execute in a consistent manner
• Anchor the principle of PVM
in your organization
Further reading on Product Value Management available
Further reading think:act CONTENT Product Value Management
KEY ELEMENTS OF PVM APPROACH
