At the current churn rate, approximately 75% of companies listed on the S&P 500 today will be replaced in the next decade.1 The pace of change is accelerating. The future will be littered with underperforming companies that did not effectively evolve to meet it.
Over the past month and a half I have visited with six organizations that are currently implementing product lifecycle management software (PLM). While they are in different industries with different motivations and are implementing solutions from different software providers, all of them are large, global firms with distributed product development and engineering functions.
Over the past couple of weeks I have written about the seven chronic innovation problems I see each day in my work with clients in a diverse set of industries. These common ailments are evident to some degree in almost every organization I encounter.
Best-of-breed companies use a Design to Value approach to drive game-changing innovation. In this webcast recording, Bill Poston and Reed Shelger share a client case study of a company that transformed its early phase product development process to successfully bring more breakthrough innovations to market.