Driving Cost Effective Innovation With Concurrent Systems Strategy Process Organization Tools Technologies
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Driving Cost-effective Innovation With Concurrent Systems: Strategy, Process, Organization, & Tools/technologies
Author: Frank Montgomery Hull
language: en
Publisher: World Scientific
Release Date: 2024-09-20
This book quantifies best practices for developing innovative products cost-effectively. Analyses of dozens of studies show how managing the work of people collaborating in parallel creates products faster, cheaper, and better in any organization. Concurrent systems deploy four kinds of practice simultaneously to synergistically achieve high performance: Strategy, Process, Organization, and Tools/Technologies (SPOT).Appendices in every chapter enable stakeholders to benchmark their practices against Best-in-Class standards and identify gaps. A 'Big Bang' index prioritizes best practices for improvement. A Composite Model™ algorithm enables designers of product development systems to further boost performance capabilities by combining complementary practices additively and synergistically. Managers and stakeholders collaborate in using these unique methods to build a 'should be' vision of value development by closing gaps in their 'as is' system to achieve diverse competitive advantages.Case studies highlight how dozens of enterprises have successfully implemented SPOT practices to improve their performance. A transformation assurance process (TAP) provides tactics for champions to co-lead a five-step change journey: (1) Envisioning, (2) Diagnosing, (3) Assessing, (4) Implementing, and (5) Improving.
Driving Cost-Effective Innovation with Concurrent Systems: Strategy, Process, Organization & Technologies
Author: Frank Montgomery Hull
language: en
Publisher: World Scientific Publishing Europe Limited
Release Date: 2024-01-28
"This book quantifies best practices for developing innovative products cost-effectively. Analyses of dozens of studies show how managing the work of people collaborating in parallel creates products faster, cheaper, and better in any organization. Concurrent systems deploy four kinds of practice simultaneously to synergistically achieve high performance: Strategy, Process, Organization, and Tools/Technologies (SPOT). Appendices in every chapter enable stakeholders to benchmark their practices against Best-in-Class standards and identify gaps. A "Big Bang" index prioritizes practices for improvement. Managers and stakeholders collaborate in building a "should be" vision of value development by closing gaps in their "as is" system. Leaders distribute responsibility to cross-functional stakeholders for deploying best practices to improve performance. Case studies highlight how dozens of enterprises successfully implemented SPOT practices to improve their performance. A transformation assurance process (TAP) provides tactics for champions to co-lead a five-step change journey: (1) Envisioning, (2) Diagnosing, (3) Assessing, (4) Implementing, and (5) Improving"--
Managing Product Innovation In The Process Industries: From Customer Understanding To Product Launch - Uncover The Intrinsic Nature Of Developing Non-assembled Products
This book puts management of product innovation in a corporate strategic perspective and argues that a company's competitive position is strongly related to an underlying unique and continually renewed product innovation work process, which drives innovation and delivery of new or improved products in the marketplace. The book will take the reader through a systematic examination of the necessary consecutive steps for companies' successful development of non-assembled products in the cluster of process industries.For readers in search of a seamless, easy-to-use, effective formal product innovation work process, from customer understanding to product launch, this book provides a guiding framework and 'hands-on' advice for work process design. A novel five-phase structural process model of the product innovation work process is initially introduced in order to orchestrate a more dynamic interaction between product and process innovation and the integration of sustainability and product eco-design in product design.The reader will learn first about the importance of aligning new product ideas with the corporate business model and product innovation strategy during the contextualization phase and then how to transform product ideas into well-defined complementary product and process concepts. In the movement of product ideas from the conceptualization phase to industrialization, the use of pilot-planting and production trials for scale-up of product and process concepts is further explored. To secure a design for processability, a novel industrialization sub-process is introduced, and the integration of complementary development of product and service offerings is further examined. The deployment of application development throughout and after product launch is highlighted for an enhancement of product commercialization and a reduction of 'time to break even' for new products.