Posts tagged with “organization”
Companies are continually faced with challenges to grow faster to stay ahead of competition and meet investor expectations. Books, leadership experts, and business journals are always pointing to new mechanisms for driving innovation speed, and processes like Agile and Lean have become increasingly prevalent and popular as a result.
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A recently published Harvard Business Review analysis, “Reevaluating Incremental Innovation,” cites incremental innovation within R&D as an area where companies with limited budgets outperform their deep-pocketed competitors. The article calls out P&G as a company with major R&D investments that has “bet big and lost big” on blockbuster projects that…
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In a recent Harvard Business Review article, "The Right Way to Spend Your Innovation Budget," authors Peder Inge Furseth and Richard Cuthbertson make the case for a more nuanced understanding of innovation investment, stating that the simple strategy of buying more R&D creates little proven value. In what seems to…
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If you’re a sports fan from Cleveland (home of Newry’s HQ), you know misery. Prior to the Cavaliers winning the 2016 NBA Championship, we endured an unprecedented 52-year, 147-season championship drought. That’s not to say we didn’t get close some years – oh, we got close. But of all the…
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Innovation projects come in all shapes and sizes, from incremental product renewal to bold exploration of blue oceans. But whether extension or transformation, every project begins with a set of assumptions — things we believe to be true. Some are more important than others, and a few are critical: in…
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Despite the huge amount of airtime (and blog-iation) devoted to “blue oceans,” “white space,” and “3rd horizons,” we at Newry are conservative in counseling our clients about reaching beyond their core. In our experience, grass-is-greener thinking is often just an excuse for failing to exploit markets where you already are…
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The internet has revolutionized just about everything – personal communications, mass media, commerce, even market research – by providing access to troves of information about companies, materials, and challenges at an unprecedented scale. Newry itself has benefited considerably from these developments: our SONAR™ process, which leverages data science techniques to…
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“Today, in many industries, the logic that supports an internally oriented, centralized approach to R&D has become obsolete.” When Henry Chesbrough proposed this idea in a 2003 article for the MIT Sloan Management Review, the idea of open innovation – that is, the principle that companies should not and really…
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Growth strategy comes in essentially four forms: developing new products for existing customers; selling existing products to new customers; convincing existing customers to buy more of existing products; or developing new products to sell to new customers. The riskiest and most difficult of these options is, of course, the latter, commonly…
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In order for any R&D department to be successful, it must have a coherent portfolio consisting of a manageable number of projects balanced over a range of time horizons, from pressing customer needs to emerging future opportunities. Too much of any one thing, near-in or far-out, can be problematic: a…
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