According to the The New Reality of R&D article in the May 2014 issue of Fast Company magazine, organizations are no longer investing large amounts of money into long-term research that only offers a return on investment way down the road. Instead, they are teaming up with other organizations that have the necessary resources to improve the amount of time it takes to see a return on R&
Many industries contend with shortages of scientific, technical, engineering, and math (STEM) experts. Especially here in Houston, we hear a lot about public and private efforts to promote STEM education to bring future experts into the pipeline.
According to a recent APQC survey, 51 percent of organizations consider reducing the time to market for their products and services to be a top priority. Many organizations are looking to address this and other priorities through the use of rapid product development initiatives. To find out how prevalent and successful these initiatives are, check out the infographic below or download a copy.
APQC is conducting a best practices study in the fall on rapid product and service development. We are currently looking for best-practice organizations to learn from and showcase in this study. Does your organization have best practices and processes for getting products and services to market faster?
APQC recently spoke to Jennifer Cheung, director of knowledge management at Cisco, about how her organization improved its KM program through innovation and crowdsourcing. Cheung will deliver a presentation titled “Harnessing the Collective IQ and Fostering Innovation” at APQC’s 2014 Knowledge Management Conference April 10-11 in Houston, Texas.
Organizations are constantly looking for ways to make their product and service development efforts more efficient so they can get to market faster. In some industries, the rapid pace of technology development makes the pressure to stay ahead of the competition even greater.
On Wednesday, December 4, APQC and the Edison Awards will be hosting a Webinar presentation by Caterpillar Inc. on the development of an innovative product. Randy Peterson, advanced technology development manager for Caterpillar, will be discussing how the organization developed the game-changing 336E H hybrid excavator.
Last week, Jennifer Cheung, director of knowledge management at Cisco, presented on an APQC webinar. She discussed how Cisco utilized crowdsourcing to harness the collective IQ, identify experts, and increase its competitive intensity.