The download is 13 pages and well worth the read for insights, discussions of pro and con, plus how-to. Vendors
Excerpt: Faster technology developments coupled with increased dynamics of competition are re-shaping virtually every sector of the market and are pushing NPD in the strategic core of business activity.
The benefits of earlier and more extensive involvement of suppliers in NPD are well documented in existing research and include better project performance in terms of speed, productivity, quality and cost. To realize these benefits, firms have increasingly relied on R&D collaborations. Organizations have started to open their R&D departments and move from in-house, closed R&D approach, toward open innovation and collaboration. Suppliers’ involvement in new product development has become not only important, but for many companies inevitable.
Organizations increasingly rely on their R&D suppliers to innovate successfully. Strategic technology suppliers in particular play a significant role in providing an organization with key external technologies that open innovation advocates see as critical to enable companies to compete successfully.
Supplier relationships in NPD: Problematic
Nevertheless, abounding evidence shows that efforts to involve suppliers in early phases of NPD are not always successful and, in some cases, can even create impediments in product development. Moreover, an estimated 46% of the resources that companies devote to the conception, development and launch of new products go to projects that fail in the marketplace or never make it to market.
The ability of organizations to benefit from R&D collaborations and innovation with suppliers varies depending on a range of factors
Read introduction and download pdf herevia Enterprise innovation articles. From Innovation Tools
Small business of-interest takeaways. Innovation and R&D spending.
Excerpt: Barry Jaruzelski, the Booz senior partner who put the report together, says that over the past eight years, they’ve found “no statistically significant relationship between how much you spend on R&D and how you perform over an extended period of time.”
Read introduction and see 11 slides via Most Innovative Companies In The World – Business Insider.
I love sharing good news and predictions — this article is good!!
Excerpt: Consensus views on a U.S. manufacturing resurgence have largely centered on rising labor costs in markets such as China as the key driver of re-shoring back to the U.S. However, a new PwC US report, A Homecoming for U.S. Manufacturing?, reveals that while rising labor costs are part of the story, a range of factors—including transportation and energy costs and protecting the supply chain—could drive a sustained manufacturing renaissance in the U.S. beyond any cyclical recovery, potentially improving investment, employment, production output and research & development (R&D).
PwC’s new report identifies seven factors ……
Read full article via PwC says U.S. manufacturing “resurgence” may lead to job growth – Article from Supply Chain Management Review.
Are you still trying to get a “handle” on innovation? Are you able to accurately measure results? — good, bad and “who knows” Read this article for tips, tools and steps to help you.
Excerpt: “What cannot be measured cannot be managed”. The pressure to measure the results of innovation is gaining ground, but has been a challenge for many innovation managers. To get past this challenge, Caspar van Rijnbach suggests using the six W’s to define the right measurements for you.
Read full article via Using the 6 W’s to Measure R&D and Innovation | Innovation Management.
Small business need-to-know……. will the tax credit be reinstated in 2012?…..answer is probably……information in the article includes the how-to R&D
Excerpt……..The basic research credit is 20 percent of research expenses over a base amount. In the government’s 2009 fiscal year, the credit amounted to an estimated $5.6 billion federal subsidy for research by private companies.
Here’s what you need to know about the research credit.
Read full article…..via 5 Things to Know About the Research Tax Credit : Money :: American Express OPEN Forum.
Fantastic information for retailers and ecommerce small business. They have even set up a means of creating a custom pdf for the areas most important to you. RECOMMENDED!!
Excerpt………Approximately 120 countries currently permit or require IFRS for domestic-listed companies; 90 have fully conformed with IFRS. As momentum for a global standard gathers speed, it’s more important than ever for retail and consumer goods companies to be familiar with the sometimes significant differences between IFRS and US GAAP.
This report discusses 46 accounting topics common to retail and consumer companies. Issues covered range from those related to R&D all the way through to sales to the end customer. Each discussion provides background, accounting guidance, a solution and a comparison between US GAAP and IFRS.
Read introduction and create your own customized pdf from content……..via US GAAP versus IFRS for the retail and consumer industry:PwC.
A tool to help you in this important part of your business planning strategy…….cash management
Excerpt………Evaluating capital expenditures and long-term investments is a critical process for businesses. Better-managed organisations view all long-term programmes (capital and noncapital) in a disciplined environment. This resource will explore some of the unique issues concerning budgeting and evaluating, financing, and managing a variety of activities. In addition to typical capital projects, expenditures such as R&D, IT, advertising, training, and even planned builds in working capital can be viewed as long-term programmes. These all consume cash in anticipation of future payout.
Read article and download tool………via How to evaluate capital expenditures and other long-term investments. From CGMA.org
Hey entrepreneurs….did you know this was available? Funding for R&D
Excerpt…….The Small Business Administration (SBA), a unit of the U.S. Department of Commerce, offers two programs to assist entrepreneurs with research & development (R&D) costs.
Read full article……via Entrepreneurship. R&D Funding Available from the Federal Small Business Administration « ACS Careers Blog.
Good read…… and the article ties in with the recent theme of several posts about today’s new and evolving work processes and environment..
Excerpt…..The common thread of these developments is building and accessing larger networks — beyond the single firm or even clusters of small firms — to create the new products and processes needed to compete in a global manufacturing market. Many questions about these models remain to be solved with actual experience — systems integration, disconnect between R&D and production, intellectual property rights issues, tragedy of the commons, leaking competitive advantage — but the trends are well embedded at this point.
Read full article……..via Manufacturing’s New Innovation Labs – Thomas Duesterberg – Harvard Business Review.
Good read with takeaways for the small business….
Excerpt…..The experience of Esquel Group proves that a stakeholder-based strategy is feasible in even the toughest of industries.
It’s a myth that the garment industry’s growth must be tied with the overuse of labor and that competition must be based on low wages. The perception has been eroding our industry’s image and has caused many in our industry to assume that R&D, innovation, and social contribution are unaffordable luxuries in a fiercely cost-based competitive game.
Read full article……via A Model Stakeholder Strategy from the Garment Industry – Marjorie Yang – Harvard Business Review.
Leadership and C-Suite in R&D firms……..executive compensation. Human resources and takeaways for small business.
Excerpt……our results show that the proportion of equity-based pay in total compensation is positively related to R&D intensity. In other words, equity-based pay (long-term incentives) rather than cash pay (short-term incentives) are dominant in R&D intensive firms.
Read full article….via Executive Compensation and R&D Intensity — The Harvard Law School Forum on Corporate Governance and Financial Regulation.
Research and development #tax credits can be used by small businesses…..these were simplified in recent years, making it easier for small business to take advantage of the credit.
Excerpt……..small and midsize businesses that employ engineers or outsource product testing can claim R&D credits, says Sean Haggard, a CPA with Florida accounting firm Kaufman Rossin. The credits have become more attractive for small companies in recent years because they’ve been simplified, can be transferred in an acquisition, and can be taken retroactively,
Read full article……via The R&D Tax Credit Explained for Small Business – BusinessWeek.
This is interesting information — big R&D but assessments and results will trickle down to small business resolutions being created by others……
Excerpt…….The central mission of these elite researchers and developers is to turn the intellectual property created during client engagements into software — thereby making it easier and faster to replicate a solution to thousands of engagements around the globe, the company said.
Read full article……via IndustryWeek : IBM’s New Innovation Lab Aims to Turn Intellectual Property into Software. From Business Week