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Smart Product Development

  • INNOVATION

    INNOVATION

    DISTINGUISHES BETWEEN
    A LEADER AND A FOLLOWER

  •  BEING SHARP, FAST AND AGILE

    BEING SHARP, FAST AND AGILE

    ESSENTIAL TO SUCCEED
    AND OUTPERFORM COMPETITION

BEING INNOVATIVE IS JUST THE START

 

Being sharp, fast and agile innovators is essential to succeed and outperform competitors in growth and profit.

In recent times, the paradigm of traditional business are changing: digitization, shut-in economy, mass customization and other trends put R&D under a strong pressure to redefine its strategy, its organization and key processes.

EFESO provide a dynamic approach based on the following cornerstones:

 

Mario Galassini

EFESO Group

 

Schedule a call

 

Innovation distinguishes between a leader and a follower - Steve Jobs. Excellence in understanding failure and starting to innovate again distinguishes between durable and non-durable leaders.

 

1) Forward thinking R&D strategy

  • Company heart beat: rolling strategy linking innovation funnel with mega trends, market demands, and rising technologies to evaluate market attractiveness and to predict market success
  • Front End Innovation - learn to “dream the impossible” and then bring ideas to life with a higher rate of success within the available hype cycle timing
    • i. Invent new value propositions
    • ii. Exploit servitisation
  • Open innovation - be able to collaborate with partners in the Value Chain, to incorporate ideas from different sources and to then extract essential value for both new and existing customers

 

2) Smart products

  • Portfolio Management – easy to execute but with strong decision makers, able to decide based on proper value propositions
    • To balance initiatives and capacity while having regard for a sound strategy.
    • Portfolio compass: regular portfolio health check with comprehensive assessment criteria to classify existing products
  • Platform Lifecycle Management - to leverage Scale and Speed and optimize life-cycle costs across the value chain through the following years
  • Value engineering / design to X –
    • Lean Design and Design Thinking - providing new meaning to products/services with optimal cost/value ratio.
    • Including sustainability, safety, health and environment
    • Prevention of complexity

 

3) Lean Agile processes

  • Lean agile 2.0
    • Multi-site digital processes, supported by virtual obeya rooms, synchronized and transparent workload, management of risks
    • Lean agile mindset
      • project configurators and hybrid model for project management (mixing waterfall planning and sprint management )
      • transform uncertainty into opportunities, be prepared for fast failures and to learn from every experience.
  • Early management
    • Vertical Start-up for all initiatives (New Product, Technology, and Operations) - including Technical, Commercial and Financial Readiness and Manufacturing 4.0 topics
    • Innovation is about re-using knowledge, so more than one option is always considered by the R&D team so there is learning during progression
  • Product lifecycle management

 

4) Responsive Organization

  • EFESO provides Innovation teams with the capability to maintain a culture of innovation and growth by using our approach to Human Dynamics which is especially relevant in knowledge-intensive environments.
  • Rules and governance are defined for all core elements within the global R&D network (products, processes, geographies, standards)
  • Joint agreement on framework and degree of freedom for each location with regards to local needs on operative level
  • Reduction of inefficiencies, redundancies and complexity within collaboration
  • Transparency in the entire network – who´s doing what? Who’s responsible for what?
  • Written ≠ Done: consequence, discipline and leadership is necessary to make it happen!

 

DELIVERING TANGIBLE RESULTS

 

Recent proof of how we partner with our clients to help them navigate business issues and achieve high value improvements.

 

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NEWS ABOUT INNOVATION, R&D AND PRODUCT DEVELOPMENT