Drivers of Innovation Performance – Infographic

Based on collaborative research conducted by Dr. Scott Edgett and the American Product Quality Center (APQC), this infographic reports on the four key drivers of innovation performance: new product strategy, portfolio management for new products, Stage-Gate new product process and culture.

Portfolio management for new products was proven to deliver the greatest impact on innovation success and where many companies stand to improve most. Closely behind for impact included Culture; Stage-Gate and New Product Strategy.
Many organizations treat each of the four drivers as separate entities, often managed by different departments. This is a big mistake, because our research confirms that the whole is greater than the sum of its parts. That is, you stand to achieve the best results when all four drivers are designed and integrated to operate as one seamless framework.

If you suspect that your new product development process, project portfolio, new product strategy and leadership culture are disconnected and are getting in the way of reaching better performance, call us for a free consultation.

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