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Product and Service Innovation Thought Leadership
Books Mastering the Innovation Challenge – Unleashing Growth and Creating Competitive Advantage – edited by Kevin Dehoff, Barry Jaruzelski, and Georg List. Of all the core functions of most companies, innovation has arguably the most competitive value — but is often managed with the least discipline. Now a team of experts from Booz Allen Hamilton brings together some of the best thinking on how companies can step up to the innovation challenge. Chapters by Booz Allen’s innovation leaders are interspersed with discerning advice from such distinguished business thinkers as Henry Chesbrough, Yves Doz, C.K. Prahalad, and Michael Schrage. Studies The Customer Connection: The 2007 Global Innovation 1,000 – By Barry Jaruzelski and Kevin Dehoff. Every year, for the past three years, our annual study of the world’s 1000 largest corporate spenders on research & development has shown that a company’s level of R&D spending makes no difference in terms of overall financial performance. In this year’s study, however, we have isolated two factors that can indeed make a performance difference: Aligning your innovation model tightly with your overall corporate strategy, and engaging your customers directly in every stage of the innovation process. Smart Spenders: The 2006 Global Innovation 1000 – by Barry Jaruzelski, Kevin Dehoff, and Rakesh Bordia. Booz Allen Hamilton’s award winning annual study of the world’s 1,000 largest corporate R&D budgets shows that high levels of investment can’t buy success. But Black & Decker, Dentsply, SanDisk, and 91 other “high-leverage innovators” have figured out an answer: They consistently spend less than their competitors on R&D yet outperform their industries. Also available: Money Isn’t Everything: The 2005 Global Innovation 1000. Globalization of Engineering Services – This joint NASSCOM/Booz Allen study is the first to take a systematic and comprehensive view of the role of emerging markets in engineering services, assessing the evolution of the engineering market from 2005-2020. The study examined product and component design, plant design, process engineering and plant maintenance operations, for industries including Automotive, Aerospace, High Tech, Utilities, Construction and Industrial machinery. Articles Innovating Customer Service: Retail Banking’s New Frontier – in partnership with Knowledge@Wharton. Innovators without Borders – by Kevin Dehoff and Vikas Sehgal. For companies that want to build a global growth engine, offshoring innovation is both a challenge and a necessity. This Autumn 2006 strategy+business article details the findings from the joint NASSCOM/Booz Allen study on the globalization of engineering services. The Well-Designed Global R&D Network – by Thomas Goldbrunner, Yves Doz, Keeley Wilson, and Steven Veldhoen. This Summer 2006 strategy+business Leading Idea by Booz Allen Hamilton and the European business school INSEAD finds that organizations benefit when they configure their innovation networks for cost and manage them for value. The Four Dimensions of Intelligent Innovation – Winning the Race for Profitable Growth – by Thomas Goldbrunner, Richard Hauser, Georg List, and Steven Veldhoen. Inspiration and insight are increasingly the critical challenges for innovation executives. But improving these capabilities demands different, more outward-looking techniques. This viewpoint introduces an approach to ideation and development that we call Intelligent Innovation. Innovation's OrgDNA – Just as nature’s DNA spells out the instructions required to create a unique organism, organizational DNA determines how an organization will function. This article details the seven organizational DNA profiles and trends observed from analyzing the OrgDNA of engineering, R&D, and product development organizations. Raising Your Return on Innovation Investment – by Alex Kandybin. Each company has an intrinsic innovation effectiveness curve. This Summer 2004 strategy+business article explains how companies can understand and lift it. Smooth Sailing for Software Development – by Barry Jaruzelski and Jay Kumar. Software development is an increasing part of many companies’ product development operations. This August 2006 article from Information Week's Optimize magazine explains how to do it right.
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