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As we noted in Part I of this series, innovation starts with the right mindset. But an innovation mindset alone is not enough. It must be embodied in and inform another critical driver of innovation: the right culture. As described in our report, The New Product Innovation Paradigm: Evolving Products to Platforms in a Changing World, an organization’s culture consists of the explicit and...
Our recent report—The New Product Innovation Paradigm: Evolving Products to Platforms in a Changing World—identified the key elements that have enabled companies to innovate in a complex, ever-changing marketplace. In this report, we also spelled out the processes, tools, and marketing strategies critical to sustaining innovation over the long term. Given the new challenges posed by the global...
Medical Device Quality Pressures Quality leaders face a lot of pressure in their role in delivering safe, high-quality products to market. In the medical device industry, that weight is even greater as the quality of their products can have a direct and dramatic impact on a person’s health. Successfully navigating a sea of FDA, ISO, and other regulatory requirements is a primary source of this...