Another important way to look at technology strategy is to look at the timelines on which new product and service commercialization will occur. This is important because shareholders of the Corporation want to see constantly improving revenues and profits. Viewing the [...]
Clay Christiansen in his book The Innovator’s Dilemma, showed clearly why great companies can fail. He points out that is companies go through their normal technology maturity S-curve there reaches a point in which a new disruptive technological change provides greater [...]
In the next posts we’re going to address strategic planning from a number of viewpoints. The first chapter in this series relates to business strategic planning. Four Models of Strategy Shona Browning and Kathleen Eisenhardt compared various ways to create business [...]
Below are the specific metrics referenced in the above sections. For each the following is provided: Advantages and limitations - Benefits of the metric, areas of concern when using the metric.How to use the metric - Examples of how the metric [...]
In conjunction with structured approaches of invention and innovation, the idea of providing individuals with environments that would allow them to dramatically increase their creative output was also undertaken by corporations such as Polaroid. The focus was on “learning to innovate” [...]
Examples of anchored scales for rating “Knowledge Building”, “Fuzzy Front End (FFE)” or “New Concept Development Model (NCD)” projects on their pathway to technical and commercial success follow. Fuzzy Front End (FFE) Activities can be segmented into 20 areas. Anchored Scale [...]
Another approach to strategic planning is to develop an Innovation Thesis. The process to do so consists of seven steps utilizing 10 to 12 top executives within the business for a two day workshop. This must include all the top decision-makers [...]
Technical Difficulty and Commercial Potential The classic method for evaluating and selecting next-generation products is to look at risk versus reward. The risk is often put in terms of technical difficulty whereas a reward is usually defined as net present value [...]
The reviewing the environment approach to technology strategic planning consists of looking both inside and outside the company for patterns that affect the technology project portfolio. What follows are a mix of methodologies from various sources. They allow a corporation to [...]
The next step in the technology strategic planning process is to review the projects. One of the most important elements at this point is to divide projects into three categories: These are those projects in which the technology changes are incremental, [...]
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