Product Development

6 Myths of Product Development

Many companies have not tapped the full potential their product development process, because their management thinking has not evolved as quickly as the technology for execution:

they still approach the Highly variable information-generating work of product development as if it were like manufacturing, failing to recognize it is profoundly different.

 

Details why lean product development works and applying manufacturing principles to product development does not: 

https://hbr.org/2012/05/six-myths-of-product-development

3 Questions to Help Confirm a Company is Practicing Lean Product Development:

1. What is your new product introduction cadence?

What is the % on time, and percentage on budget? If not consistently on time & on budget, what is the gap you have to close?

 

Photo: conventional chaos vs lean credit: Dantar P. Oosterwall, The Lean Machine: How Harley-Davidson Drove Top-Line Growth and Profitability with Revolutionary Lean Product Development, p.106

Photo: conventional chaos vs lean

credit: Dantar P. Oosterwall,

The Lean Machine: How Harley-Davidson Drove Top-Line Growth and Profitability with Revolutionary Lean Product Development, p.106



2. Where are you applying set based concurrent engineering?




Photo: Denso trade off curvesCredit: Allen C. Ward, Durward K. Sobek, Lead Product and Process Development, 2nd ed. p.172

Photo: Denso trade off curves

Credit: Allen C. Ward, Durward K. Sobek,

Lead Product and Process Development, 2nd ed. p.172

3. Where are you using trade off curves in development?

Where is design/engineering creating trade off curves to supply reusable knowledge to accelerate product development?

 

Some questions I provided an institutional board member to help them validate whether their investment is applying lean business strategy.

If not, it is worth more than traditional financial analysis is capable of revealing.

Friction-Killing Tactics To Make Products More Seamless

Amazons Friction Killing Tactics for Seamless Products Kintan Brahmbhatt.jpg

One of the best articles I’ve read in awhile. From First Round (that writes a lot of great business content) by Amazon’s Kintan Brahmbhatt. I’m not going to summarize it, read the whole thing. Twice.

FRICTION — anything that gets in the way of a customer and a task

https://review.firstround.com/amazons-friction-killing-tactics-to-make-products-more-seamless 

Why Companies expect the results Lean Product Development delivers but are unwilling to do the work?

great blog post by Dantar Oosterwal reflecting on Dr. Allen Ward - Why do organizations expect the results Lean Product Development delivers but are unwilling to do the work?

Do not try to bring lean manufacturing upstream to product development!


Allen: “I’m tired of wasting my time on companies that want improvement but won’t do the hard work to get the results.”

Dantar: ‘I can assure you that we are serious about making improvement.’

Allen: “I’ve heard that before. Call me when you know what you are asking and commit to doing the work.”

result: 4-fold improvement in product development


Allen Ward Why do Org expect LPPD results but unwilling to do the work.jpg