When I first heard the term, “master mind” I pictured the character Blofeld from the James Bond movie series. A sinister and evil man, obsessively stroking a long-haired white cat. Blofeld plots to take over the world, perhaps even the universe, but is always foiled by the clever, strong,
To most companies, innovation is a crucial element of growth and sustainability. CEOs, stockholders, and Wall Street analysts all stress the importance of innovation to a firm’s financial well-being. Innovations allow companies to remain competitive, attract new customers, and increase profits. Yet, innovation remains elusive for a lot of firms.
As they say, “What gets measured, gets done.” Measurements tell us how we are doing versus a standard and can provide motivation to improve systems or change behaviors. We know how far we’ve come and how far to go to achieve a goal by reviewing metrics. Traditional project metrics focus
New product introductions fail at an amazingly high rate – about half of all new products commercialized fail to meet sales targets. In some cases, customers like the product features, but the cost is too high. In other situations, companies miss the mark in developing and designing a product that