Who is responsible for drafting the Product Innovation Charter (PIC)? Is a question that innovative companies have. Well, the answer is that you must have a person at the CxO level who is the individual charged with developing the PIC. Here are some examples in say a manufacturing context:
Category Archives: Team Work
Why Early Supplier Involvement (ESI) for innovation is so difficult
Why Early Supplier Involvement (ESI) for innovation is so difficult when it comes to execution is hard to understand. Here are some reasons why this might be happening in your organization:
“The Social Revolution is a Trust Revolution”- says Marc Benioff of Salesforce.com
“The Social Revolution is a Trust Revolution”- says Marc Benioff of Salesforce.com and in the video from the tenth Dreamforce conference, Men’s Wearhouse CEO George Zimmer seems to agree and say… I guarantee it! [Note: This post is from September 19,2012 with a video segment from the Salesforce Dream Conference, 2012 -Updated March 24, 2021]
Supply Chain rationalization means fewer jobs in small businesses
At a recent conference an entrepreneur at the $25 million sales level mentioned that all the bigger organizations preferred to deal with $100 million level firms for purposes of supply chain rationalization. Quite understandable, but this does affect employment in US small businesses. Let's see how: Supply (procurement) managers buy goods and services that mustContinue reading “Supply Chain rationalization means fewer jobs in small businesses”
Qualitative Goals in the Product Innovation Charter (PIC) are vital
Qualitative Goals in the Product Innovation Charter (PIC) are vital and more important than quantitative goals in the PIC.
What are the quantitative goals of innovation in your Product Innovation Charter (PIC)?
It is important to articulate your organization’s goals of innovation in your Product Innovation Charter (PIC). Your goals can be both quantitative and qualitative and they need to clearly stated so that the innovation team has a way of evaluating their own progress. And you ( the CxO) have a clear way of evaluating ideas that are presented.
Divisional time limits for Product Innovation Charters (PIC’s)
Divisions or SBU’s should have Product Innovation Charter (PIC) that comes with a time limit or expiration date. In a highly cited research paper Galunic and Eisenhardt (2001) mention that a manager interviewed at the SBU level who suggested that the time dependent nature of the PIC is a critical characteristic of a good PIC. The PIC is a statement of innovation goals that specifies the market segment and customer need and the task the New Product Development (NPD) team is charged with.
The Smiley Curve of Innovation-celebrating the American spirit 4th of July
This is the July 4th weekend in America and celebrations are underway – and it's a great time to think about the Smiley Curve of Innovation. The Smiley Curve came to my attention reading Fareed Zakaria's great book "The Post-American World," and here are some thoughts on "The Smiley Curve of Innovation " this AmericanContinue reading “The Smiley Curve of Innovation-celebrating the American spirit 4th of July”
Innovation: Product Innovation Charter (PIC) contents
Earlier posts discussed Do you have a Product Innovation Charter (PIC)?,From Product Innovation Charter to the Product Protocol,Innovation: Product Innovation Charter (PIC) helps prevent scope creep in technology and market. This post is about what the PIC contains.Research suggests that there are three broad topics that the PIC must address viz. Focus, Objectives and Guidelines.Keep in mind that the PIC is a document put together by the top management after which the innovation team or NPD (New Product Development) team is left free to think outside the box and come up with innovative solutions. The PIC should contain the Focus, Objectives and Guidelines
Company website deals don’t seem to reach distributor salespeople
Just as gas gets cheaper and Auto sales rev up for the July 4th holiday it is surprising that salespeople at auto dealers don't seem to assume that a customer is very likely to have checked on the website offers of the manufacturer. This disconnect between company website and distributor salespeople is amazing because todayContinue reading “Company website deals don’t seem to reach distributor salespeople”