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Volume 7, Issue 1- January 5, 2006
GGI RapidNews is published approximately once a
month.
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In This Issue
MANAGEMENT PRODUCTIVITY - 2005 Arthur
D. Little 3rd Innovation Study
UPCOMING PUBLIC SEMINAR - 1st Product
Development Innovation Summit Jan06
BOOK REVIEW - 10 Rules For Strategic
Innovators
UPCOMING PUBLIC SEMINAR - 3rd Product
Development Metrics Summit Mar06
THE WISDOM iSTORE FEATURED PRODUCT
- Structured Innovation
THE WISDOM iSTORE NEW LISTINGS - 4
New Listings
BIENNIAL PRODUCT DEVELOPMENT SURVEY
- 2004, 2002, 2000, 1998 Results
GATEWAYS TO KNOWLEDGE - A Monthly Feature
CALENDAR OF INDUSTRY EVENTS - A Monthly
Feature
TELEVISION EVENTS - Alexander Haig's
World Business Review
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MANAGEMENT PRODUCTIVITY
Innovation Leads To Bottom-Line Results
"How Top Innovators Get Innovation Right: Results from
Arthur D. Little's Third Innovation Excellence Survey,"
by Georg Beyer, Jasper Boessenkool, Anders Johansson, Per
I. Nilsson, and Frederik van Oene. Arthur D. Little, Prism,
1-2005, page 1.
"Improving innovation ability is today the most important
lever for increasing profitability and growth. But success
is mixed. In just about all industry sectors the 25 percent
most innovative companies have 2.5 times as many new products
and get 10 times better returns on their innovation investment
than the least innovative ones. In 2004 Arthur D. Little conducted
its third Global Innovation Excellence Survey on innovation
management."
The 25% best innovators get up to 10 times more output (new
products, services, etc) than the 25% worst innovators! This
study gives a clear insight in what the top 25% actually do,
to achieve their superior performance." The study establishes
clear ties between innovation and EBIT.
More information about this study may be found in ADL's semiannual
Prism
magazine.
UPCOMING PUBLIC SEMINAR - INNOVATION SUMMIT JAN06
GGI will sponsor its first Product
Development Innovation Summit on January 17-19, 2006
in metro Boston. Please join us for eight comprehensive
modules that surround the subject of Innovation in R&D
and Product Development.
Please register in the next few days it this was your intention.
Registration
will close Monday January 9, 2006 at EOB Pacific Time.
The Innovation Modules that will be offered are:
All modules feature some level of case study discussion and
examples from a range of industries. There will be three group
exercises where attendees will "try out" well regarded
innovation methodologies to achieve some level of "hands-on."
With all GGI Summits, we will pave the road for you to direct
the selection and implementation of tools and processes that
will bring leverage to your organization.
Discounts are still available for teams of two or more people
attending from the same company.
If RN readers are planning on attending, please register
now for the Innovation Summit.
For more details on the Product Development Innovation Summit,
please go to GGI's Innovation
Summit web site which is also available through our home
page. If you are already registered, leisure
time activities may be useful for planning time outside
the Summit.
BOOK REVIEW
10 Rules For Strategic Innovators, by Vinjay
Govindarajan and Chris Trimble. Harvard Business School Press.
December 2005, First Edition. 288 pages. ISBN 1591397588.
GGI Editors would observe that his book is red hot as books
go. It has backing from the great launching organization,
HBS Press. It is everywhere in its first month of publication.
It likely will do quite well. The primary author has been
involved in several books of prominence in business strategy
since 2003 and we will likely be seeing his name in the future.
GGI's Editors would further observe that the rage in North
America these past eighteen months has been "growth from
within" a.k.a. "organic growth." Thew view
on "growth by acquisition" is more balanced on Wall
Street these days. This book is square on the subject of growth
from within. HBS Press has likely targeted this market.
The central focus of this book is not on innovating products
though. It is a level up. This book is about innovating new
operating businesses with their own product lines and P/L
from within large established corporations. A good deal of
the book's message is about how Fortune 1000 companies get
mired in their own muck, but the book is not a litany on corporate
failures. Its approach is constructive and it is written in
a can do in tone. The authors appear to be well versed in
learning methodologies and their applications and usefulness
to corporations. There are a number of good case studies that
most readers will be able to relate to and to internalize.
In the context of creating new independent businesses from
within existing corporations, perhaps the most useful finding
of the book is not the 10 Rules but the author's portrayal
of the 3 challenges underlying just about all the rules.
1. Forgetting
2. Borrowing
3. Learning
A listing of the "10 Rules For Strategic Innovators,"
is necessary, and we will do so below, but the good news is
that the rules are not completely transparent. The book is
substantive and the authors appear to have mastered some of
the subtleties of things corporations blindly do that suppress
innovation and creative thinking.
1. In all great innovation stories, the great idea is only
Chapter One.
2. Sources of organizational memory are powerful.
3. Large, established companies can beat start-ups if they
can overcome the borrowing challenge.
4. Every strategic innovation faces critical unknowns.
5. The new organization must be built from scratch.
6. Managing tensions is job one for senior management.
7. The new company needs its own planning process.
8. Interest, influence, internal competition, and politics
disrupt learning.
9. Hold the company accountable for learning, not results.
10. Companies can build a capacity for breakthrough growth.
This book gives the reader some useful tools and thought
processes, and offers ways to apply them. It is not only timely,
but possibly a strong contribution to the literature on organic
growth in larger corporations.
You can find more information about this book or purchase
it through Amazon.
UPCOMING PUBLIC SEMINAR - METRICS SUMMIT MAR06
We are delighted to be offering a third Metrics Summit in
March 2006. Over 90 people registered for the first two Metrics
Summits, in September and December respectively. We had to
close registration for both and we made some promises in the
March time frame. Based on the September feedback, we cut
the December Summit to three days and it worked well. We will
stay with three days. Many December attendees said they they
usually don't work or think so hard during a seminar-workshop,
and that was a good thing. Some of their Testimonials
are quite humorous, but much appreciated.
The Early Bird Registration Deadline
will conclude at EOB Pacific Time on Monday January 23, 2006.
After January 23, only teams of three or more people will
be eligible for a discount. Please
sign up Early and save up to $200 per person.
GGI's third Product
Development Metrics Summit will be held March 14-16,
2006 in metro Boston. Please join us for a series
of 3 seminars, focused on 3 major areas of importance to R&D
executives and managers.
The first seminar (Measuring Product Development II (MPDII)
- March 14) addresses the subjects of setting hurdle
rates, assessing risk and complexity, tradeoff analysis, measuring
capacity, and assessing overall financial performance. Click
to view
the MPDII abstract or to download
the table of contents.
The second seminar (Proactive and Predictive R&D Metrics
(PPRD)
- March 15 AM) focuses on three different stages of
developing early, predictive metrics that will enable managers
to foresee issues on the horizon or to know that success is
in front of them. Click to view
the PPRD abstract or to download
the table of contents.
The third seminar, a capstone, (Product Development Metrics
Portfolios (PDMP)
- March 15 PM and March 16) is expressly for the purpose
of developing a set of measures for the R&D organization
as a whole, including the few measures that should be used
by the corporation to measure R&D productivity, output,
and overall performance results. Click to view
the PDMP abstract or to download
the table of contents.
All three seminars are geared to executives and top-level
professionals that manage entire organizations, departments,
and budgets; and senior program management executives.
If you wish to register,
choose the "Metrics Summit - March" button. Register
by January 23 and be an Early Bird. Deeper discounts
apply for teams of 3 or more attending from the same company.
For more information please download
a brochure.
THE WISDOM iSTORE FEATURED PRODUCT
Each month, or every other month, GGI's iStore features one
item that we discount 40%.
T52
"Structured Innovation: Positioning Innovation Tools
& Exercises in Product Development Processes Frameworks"
[list price $295.00]
Goldense Group, Inc., Needham, MA, USA
May 19, 2005 [105 pages] $177.00
This presentation describes a range of innovation tools and
techniques in the context of the product development process.
The first section provides an overview of the evolving nature
of structured processes for innovation, which will help you
to choose the best tools or technique at the right time in
the product development process. The second section provides
details on the wide range of tools, techniques, and software
available to create innovation. An extensive list of innovation
techniques is included, showing the most appropriate time
in the product development process to use them. Three innovation
techniques, Lateral & Parallel Thinking, TRIZ, and Lead
User Identification, are discussed in detail, with information
on related software. A full list of software products for
innovation is also provided as well as selected software reviews.
GGI's Featured Item changes approximately every other month
and is always offered at a 40% discount. For more information,
or to order this material, please go to GGI's
Featured Item.
THE WISDOM iSTORE NEW LISTINGS
There have been a total of 4 new items added to The Wisdom
iStore since October 2005. Please click on the item number
to view a more detailed description.
T56
"Linked Metrics Portfolio Method Š 5 Teams
Measuring 2 Strategies"
Product Development Metrics: Linked Portfolio Method Seminar,
Goldense Group, Inc., Norwood, Massachusetts, USA
September 2005 [51 pages]
T57
KEYNOTE. "The Future Of Product Development Metrics:
Corporations, Projects, and Functions"
10th Annual Metrics Conference: Product Development Metrics:
Achieving The Full Value of R&D, Management Roundtable
10th Annual Metrics Conference, Chicago, Illinois, USA
November 2005 [73 pages]
T58
KEYNOTE. "Integrating Emerging Technology in Product
Planning: Nine Points Of Leverage"
1st Annual Executive Summit On Innovations In New Product
Development, Technology, & Marketing, Frost &
Sullivan, 1st Product Development Summit, Miami, Florida,
USA
November 2005 [50 pages]
T59
"Linked Metrics Portfolio Method Š 5 Teams
Measuring 3 Strategies"
Product Development Metrics: Linked Portfolio Method Seminar,
Goldense Group, Inc. and Management Roundtable, Chicago, Illinois,
USA
November 2005 [45 pages]
For more information, or to order any of these technical
papers, please go to GGI's
Wisdom iStore.
BIENNIAL METRICS SURVEY RESULTS
2004 Product Development Metrics Survey - Product Selection,
IP Management, and Top Corporate Metrics: The Summary
and Highlights Reports for GGI's 2004 Biennial Product Development
Metrics Survey are now available for purchase by the public
through GGI's
Wisdom iStore. These reports are completely based on primary
research performed by GGI researchers. The research includes
202 respondent companies. There was a 5% response rate.
McKinsey & Company, Texas Instruments, Rockwell, Kimberly
Clark, JDS Uniphase, Shure, Curtiss Wright Flight Systems
and Datacard are representative of companies that purchase
market research from GGI.
The 2004 Survey focused on the following 5 areas of product
selection and IP management:
- Product Selection Process
- Product Selection Tools
- IP Management Process
- IP Management Tools
- Top Corporate Metrics Used in Industry RD&E
We have already shared many results with GGI RapidNews readers
since we began this line of business in 1998. 2004 Survey
results ran in six RN issues, RN V5I11 - RN V6I5, which may
be found in the RN
archives, along with results from prior years.
Some additional complimentary information about the survey
is available:
The 2 commercial versions of the survey results that we currently
offer for public purchase are:
1. 2004 SURVEY HIGHLIGHTS: A text-only report (75 pages),
including the full text of all the results and analysis of
the survey population analyzed as a whole, and
2. 2004 SURVEY SUMMARY: A report of composite results, where
the survey respondents are analyzed as a whole (149 pages,
includes a full set of graphed answers for every survey question).
Individual sections of the research reports, as well as logical
combinations of sections are also available. All reports are
available in printed or electronic versions.
These reports are available in the Market Research section
of GGI's
Wisdom iStore.
2002, 2000, 1998 Product Development Metrics Survey: The Summary and
Highlights Reports for GGI's prior Biennial Product Development Metrics Surveys
are also available for purchase by the public through GGI's
Wisdom iStore. These reports are completely based on primary research performed
by GGI researchers. Information about the purpose and focus of prior surveys
may be found in our biennial
survey archives.
GATEWAYS TO KNOWLEDGE
GTK-Gateways To Knowledge is a DIRECTORY OF THOUSANDS
OF LINKS to providers of engineering, purchasing, and manufacturing
technologies and services. If you hit the right subjects,
it is more useful than a search engine! The "main entrance"
to GTK can be found at:
http://www.goldensegroupinc.com/gateway/index.shtml
For those of you that do not want to risk going through the
main entrance above, some of the Gateways that we believe
you will find useful or entertaining are highlighted below.
CALENDAR OF INDUSTRY EVENTS
GGI's Calendar of Industry Events contains an up-to-date
listing of links to Conferences, Seminars, Distance Learning
Centers, Colleges & Universities, Executive Education,
and Corporate-Sponsored Universities. The calendar has just
been updated with more conferences and seminars throughout
2005. The categories we follow are:
The categories of conferences, seminars, and distance learning
are further organized into the following subject areas:
- Strategic, Knowledge & General Management
- Marketing & Sales - Mechanical, Electro-Mechanical,
Electrical, & Electronic
- Marketing & Sales - Pharmaceutical, Biotechnology,
& Life Sciences
- Product Development - Mechanical, Electro-Mechanical,
Electrical, & Electronic
- Product Development - Pharmaceutical, Biotechnology, &
Life Sciences
- Manufacturing & Automation - Mechanical, Electro-Mechanical,
Electrical, & Electronic
- Manufacturing & Automation - Pharmaceutical, Biotechnology,
& Life Sciences
- Software, Internet & IT
- Project Management
- Metrics
If you are looking for a conference or other learning opportunity,
check out the Calendar. This free service for our readers
is front and center on GGI's
Home Page. Or, go directly to the Calendar
of Industry Events MEGA Gateway.
TELEVISION EVENTS
Alexander Haig's World Business Review: Brad Goldense
has made several appearances on Alexander Haig's World Business
Review in the past year. Streaming video is available for
all shows, which aired on August 4, September 29 and December
15, 2002 and on May 20, 2003. See below for details.
May 20, 2003 Broadcast of September 29th In-Studio with
Alexander Haig (22.5 minutes): Streaming video for this
segment is available on GGI's
web site.
December 15, 2002 In-Studio with Alexander Haig (7.5 minutes)
on CNBC paid programming: Streaming video for this segment
is available on GGI's
web site.
September 29, 2002 In-Studio with Alexander Haig (22.5
minutes): Streaming video for this segment (as well as
the entire 30-minute show) is available on GGI's
web site.
August 4, 2002 On-Location at GGI (3.5 minutes): This
On-Location field report is available in streaming video on
GGI's
web site.
The web page includes links to download a streaming video
player, if you do not currently have one installed on your
computer.
For more information on any of Brad's appearances on television,
go to:
http://www.goldensegroupinc.com/ggiontv.shtml
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GGI RapidNews is an e-mail publication from Goldense Group,
Inc (GGI). Its subject matter includes survey findings, company
news, book and article reviews, key industry conferences and
R&D information of interest to clients and associates.
Please send communications to rn(at)goldensegroupinc.com.
Thank you.
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