Product Development Expert Katherine Radeka Shows Companies How to Master the Innovation Process
PORTLAND, Ore., Oct. 17, 2012 /PRNewswire/ — Technology companies can bring products to market 30-50 percent faster when they use lean product development techniques, says Katherine Radeka, an expert in getting products to market faster and author of the new book The Mastery of Innovation: A Field Guide to Lean Product Development.
“Getting products to market faster helps companies grow faster and make more money,” said Radeka, president of Whittier Consulting Group, Inc., which helps companies accelerate time-to-market, get more new products to customers, and improve their ROI from investments in R&D. “I wrote this book to show that lean product developers get their ideas to market faster.”
Radeka specializes in consulting with companies in industries like pharma, medical devices, specialty chemicals and consumer electronics that turn scientific research into products that maximize customer and business value.
“By adapting lean product development ideas to their specific product development challenges, chief technology officers will learn how to focus innovation on the problems that would maximize customer and business value, and deliver on their best ideas,” said Radeka, who visited 69 companies in nine countries that had achieved sustainable results through the mastery of innovation. These companies reduced time-to-market, introduced more new products and had more profitable products.
The book shows how 19 companies achieved significant results from Lean Product Development. The companies range from large companies like Steelcase and Ford to smaller companies, like Nielsen-Kellerman and Hixson Architectural Services. Innovative ideas come from case studies in industries like pharma, consumer electronics and aerospace but these ideas can be applied to many different industries.
This book includes discussion questions, next actions, a self-assessment and a study guide to help turn their experiences into practical actions for any company.
Here are some results these profiled companies achieved:
- Ford Motor Company reduced lead time for body engineering by 40%, and tool-and-die construction by 50%. They increased productivity of their Dearborn Tool-and-Die plant by 400% while improving employee morale.
- DJO Global, an orthopedics device company, cut time-to-market by 60% and tripled the number of new products delivered per year.
- Steelcase’s Node Chair won a NeoCon Innovation Award, and had nearly 5,000 pre-orders at launch. Students began requesting the Node Chair by name.
- Philips Consumer Electronics’ Innovation Personal Care group increased the number of development milestones achieved from under 60% to more than 88%.
- Goodyear Tire and Rubber Company now hits more than 95% of their schedule targets for product development, with many fewer product adjustments post-launch.
- Playworld Systems cut time-to-market in half – twice.
Profiled companies include:
- Buckeye Technologies
- Irwin Seating Company
- Nielsen Kellerman
- Novo Nordisk
- RUAG Space
- Ungar Marketing
For more information, go to http://leantechnologydevelopment.com/
About Katherine Radeka
Katherine Radeka has a rare combination of business acumen, scientific depth and ability to untangle the organizational knots to remove the barriers to change. In the past six years, her consulting firm, Whittier Consulting Group, Inc. has engaged with clients such as Intel, Hewlett-Packard, Buckeye Technologies, The Toro Company, Wells Fargo, Alticor and over fifty other leading organizations.
In 2007, she founded the Lean Product & Process Development Exchange, a nonprofit organization to promote the use of lean thinking to improve ROI from product development. In 2008, she adapted these concepts to strategy development, where they achieved greater strategic flexibility, and her clients consistently outperformed their peers during the recent recession.
She is currently the Lead Researcher for the Lean Product Development Benchmarking Study, a major effort to document the current state of lean product development, for a consortium of universities including MIT, Cranfield University (UK) and Chalmers University (Sweden).
She is a regular speaker for the Product Development Management Association and the Association for Manufacturing Excellence. Her articles regularly appear in PDMA’s magazine, Visions, where she is the most frequently featured cover author in the last three years. Her other publications include articles for the Journal for Product Innovation Management, TRIZ Journal and Real Innovation.
Katherine has climbed seven of the tallest peaks in the Cascade Mountains and spent ten days alone on the Pacific Crest Trail until an encounter with a bear convinced her that she needed a change in strategic direction.
SOURCE Katherine Radeka