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    Fewer Bigger Better: Aligning Innovation Strategy & Portfolio Management for sustained business growth.

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    Red Paper Issue #9: Q4 2013

    In this issue: Feature - Spiral Development: Lean Vs Stage Gate.

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    Webinar: Making Innovation REAL

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    White Paper

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    Prodex Podcast Series #1: Q&A With Dr. Robert Cooper



    Feature: Innovation Maturity - A Framework for Increasing Productivity


    Upcoming Events


    The term “Innovation Maturity” implies not only that some companies may have higher levels of innovation capability than others, but also that they may be enjoying benefits from their innovation investments that others are yet to realise. Prodex Systems’ Managing Director, Gerard Ryan, discusses how to build innovation maturity to better leverage the investments made in New Product and Business Innovation.

    Innovation has come of age!
    After years of lip service, innovation is now firmly on the corporate agenda as the key to survival and growth.
    Competitive pressures, the fragmentation of markets and the relentless trend towards the commoditisation of products and services demands an effective response - the creation of a highly effective and highly efficient innovation program.

    The innovation challenge
    New products typically account for approximately 30% of company sales when defined as products which have been on the market for 3 years or less. While this metric varies between industry sectors and between companies, the rate of new product introductions and corporate dependency on their success is increasing and is expected to grow by a further 21% over the next 5 years. Despite demand for growth through innovation, almost half of product innovation projects fail to deliver against their project objectives. Worse still they are often late to market and over budget.

    Average companies get average results
    Across any measure, the contrast between “average” performers and “best” performers in new product surveys is staggering. Translated into business results, an effective innovation program will:

    - Increase the success rate of new products
    - Reduce time to market for new development projects
    - Increase the proportion of projects delivered within budget
    - Shift portfolio balance away from incremental product development
    - Increase the proportion of ‘new to company’ and ‘new to market’ products
    - Reduce the total number of development projects
    - Increase the average value of each project
    - Increase sales and margin

    March 31 - April 1, 2014 - Auckland
    Breakthrough Ideas & Great New Products:
    Getting The Front End Of Innovation Right
    Presented by Dr. Robert Cooper


    April 3 - April 4, 2014 - Melbourne
    Winning At New Products:
    Managing The Process From Idea to Launch
    Presented by Dr. Robert Cooper


    April 2, April 7- April 9, 2014 - In-House Workshops
    Tailored in-house Bob Cooper workshops for your business
    Presented by Dr. Robert Cooper







      To read the full article click here      


      Visit our resource centre for all of your innovation needs  
      RedPaper Issue 9  
      Red Paper#9 2013Q4  
      Resource Planning: The
    Key To Effective Portfolio Management
    Read more
      RedPaper Issue 8  
      Red Paper#8 2012Q2  
      Spiral Development: Lean Vs Stage Gate
    Read more
      RedPaper Issue 7  
      Red Paper#7 2011Q3  
      Aligning Product Portfolios with Strategic Plans
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      Prodex Podcast #1  
      Prodex Systems' Managing Director, Gerard Ryan has a Q&A with the World's #1 innovation scholar Dr. Robert Cooper.
    Listen here
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