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...
The lines and shortages at supermarkets have introduced the challenges of supply chain disruption to virtually everyone. Common household goods many people have taken for granted are now hard to find due to the current COVID-19 pandemic. Panic buying has made it hard to find toilet paper, cleaning supplies, masks, gloves, groceries, and protective equipment as consumers purchase beyond their...
