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The Newry View

Perspectives on driving growth through innovation

Posts tagged with “organization”

February 04, 2019 By Ryan Meder

Commentary: Reevaluating Incremental Innovation

Building Strategy

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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November 19, 2018 By Tim Krueger

Commentary: The Right Way to Spend Your Innovation Budget

Building Strategy

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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October 11, 2017 By Amy Fritz

Getting Over the Goal Line

Building Strategy

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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August 28, 2017 By Mark McClusky

Managing Critical Assumptions in Early-Stage Innovation

Evaluating Options

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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May 22, 2017 By Mark McClusky

Jumping Ship

Building Strategy

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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April 17, 2017 By Mark McClusky

Out of the Shallows: Customer Intimacy in the Digital Age

Building Strategy

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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April 10, 2017 By Rob Ahlman

Opening the Doors to Innovation

Finding Opportunities

“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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March 20, 2017 By Mark McClusky

10 Things You Need to Know About Running an Early-Stage New Business Development Organization

Building Strategy

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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February 20, 2017 By Ellen Young

Innovating Today and Tomorrow: R&D Strategy For All Time Horizons

Building Strategy

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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January 30, 2017 By Emily McClusky

IP Matters: Building Relationships Between Legal and R&D

Building Strategy

Intellectual property is a huge driver of a company’s value, estimated at between 50% and 80% of the average company’s market capitalization. It can be leveraged in a number of ways, e.g.: Staying ahead of competitors with new, exclusive features Creating a patent thicket around a market (like smartphones, which…

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