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The risks and drivers change with product idea type – understand the differences and adapt project execution.Product development should adapt to the nature of a new product idea. Is the new product essential for sustained profitability or in response to competitive pressures or to meet known custom Read More

There are several NPD methods like Stage Gate, Mascitelli’s Lean Prod Development, and you may also have heard of newer methods like Lean Startup which is picking up popularity in companies like GE. In our presentation below, we will be highlighting the unique needs of Engineering NPD and how each Read More

Project management tools promise better collaboration or task management but new product development projects requires three unique requirements that needs to be fulfilled by other means.

Strategy establishes what we want to achieve, what we should do and project management executes these wishe Read More

Many New Products Fail Because They Are Poorly Managed In Execution.

Over 90% of new products fail. Poor execution of a great idea is one of the top reasons for failure of a great idea. New product development (NPD) is challenging because it needs to be nimble and lean.

In NPD, change is the Read More

Every startup founder asks this question that “Should they patent their products and technology or not? Is it important? Let’s delve deeper in this matter Read More

It was revealed that a wide chasm exists in strategy formulation and its day to day implementation. Only 9% of the organizations said they are good at implementing strategy. Strategy is implemented invariably through projects. This poor performance leads to over 10% increase in project costs due to Read More

To be able to articulate in pithy and concise statements on the Lean Canvas you must have a good understanding of your product and market. Below is a summary of the some quick and easy tools you can download and use for this; Read More

The key to cascading changes in strategy to team actions is to ensure the objectives and goals properly reflect the changes to strategy. This is possible by identifying the “Key Strategic Elements” that tie strategy to team actions. In the rest of the article we will introduce a framework to automa Read More

Entrepreneurs are distinguished with the FORESIGHT to create new INSIGHTS in solving new problems with their ACTIONS. Entrepreneurs journey is an iterative process between the above three pillars in making a difference in the human world. Read More

Mentors are lifeline of a startup. If you are a startup founder or a small business owner and are dreaming to become a million dollar company then Mentors are the people who will make that happen faster. The question arises, HOW? Read More