Are you a small to mid-sized manufacturing company and realize that for continued growth in revenue and earnings you must improve your ability to manage innovation and new product development? The Innovation Coach offered by New Product Visions are unique workshops focused on creating or improving an existing new product development (NPD) process. The workshops are accessible and affordable for small to mid-sized businesses, and a cost effective way to quickly learn how to improve your ability to manage innovation and grow revenue and earnings. Continue reading
The Second Machine Age is the title of a recent book by Erik Brynjolfsson and Andrew McAfee (1). The topic ties in well with my recent article on the importance of business model innovation (2). I also believe the book does an excellent job constructing a useful mental model to help put in context what we are currently witnessing in the economy today.
The primary theme of this book is that we are in the first stages of the second machine age marked by digital technologies that will finally begin working together to create new opportunities for innovation. The digital technologies include not just computer hardware, but software, AI, networks such as the Continue reading
Among all the other political stories in the U.S. that consume the media’s attention and many Americans, not much was heard recently about two disturbing trends that will impact the long-term economic well-being of every American household. Continue reading
Are you effective quantifying project risk? Do you manage a complex, multi-year project and fear that you and your organization are simply ignoring the true nature of the risk? Have you ever wished you could actually quantify the key risk factors that are driving the project to success, or worse, are leading you to failure? That is the focus of this article. Namely, risk and how you can identify the key risk factors and quantify them. It is only through identifying and quantifying specific risk factors that you can effectively manage and mitigate the risk inherent in every project. Continue reading