• Jim Brown contributed a guest post to the Siemens PLM Community blog discussing the opportunity for food and beverage companies to leverage digitalization and the digital enterprise to combat market disruption from new, innovate companies that are challenging current industry leaders. The post offers several ways that consumer packaged goods (CPG) companies can get started on their digital journey, achieve tangible business value, and combat challengers like Blue Apron and Amazon Fresh that are disrupting the status quo.The full post, Surviving the New Competitive Landscape in Food and Beverage, can be … [ read more ]

    Digitalization in Food and Beverage (guest post)
  • Dassault Systèmes continues to make significant progress on the 3DExperience vision they laid out 5 years ago. This strategy has seen them transform from a software vendor offering distinct solutions for a variety of functional areas to a company that leads with a strong business transformation message backed up by a platform of solutions. I dropped "PLM" from the title of last year's strategy review. I feel even better about that decision a year later. They now have a broad software suite brought to market as solutions tailored to support key initiatives in the vertical industries they serve. As times goes … [ read more ]

    Dassault Systèmes Strategy 2017+
  • The Finding PLM to Fit Mid-Sized High-Tech Companies ebook explains how smaller companies in the high technology industry find themselves stuck between full-featured Product Lifecycle Management (PLM) systems that feel out of reach and less capable solutions including cloud-based file sharing or very basic data management applications. They know they can’t afford the errors and inefficiency inherent to informal data and process management, but can’t afford a large time, resource, and financial investment to fix their problems. Unfortunately simple solutions like web file sharing, while very attractive, fall … [ read more ]

    Finding PLM to Fit Mid-Sized High-Tech Companies (ebook)
  • The How-to Guide to Transitioning from 2D CAD to 3D CAD  shares best practices for moving from 2D to 3D. The guide shares the reasons you should consider going from 2D to 3D, common challenges to avoid, and benefits enjoyed by other companies who gone to 3D. The guide then shares advice to make your switch from 2D to 3D CAD a success. The recommendations were developed by analyzing the responses of Top Performing companies and comparing them to Average Performing companies.This eBook is one in a series of three:Transitioning from 2D CAD to 3D CAD Migrating from 3D CAD to a new 3D CAD Adopting … [ read more ]

    Best Practices for Going from 2D to 3D CAD
  • The Reducing Cost of Quality in CPG report shares perspectives from a survey of over 175 CPG companies to determine how Top Performers manage consumer packaged goods quality. The research finds that these leading companies are able to achieve better quality results with lower internal costs. The report analyzes their processes, organizational structures, and enabling technology to determine how they can get better quality results without placing a financial burden on the business.Please enjoy the summary below, or click the report to download a PDF overview (free of charge, no registration … [ read more ]

    Reducing Cost of Quality for Consumer Packaged Goods (survey report)

How to Empower R&D and Engineering Teams to Innovate with New Materials

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Materials InnovationHow to Empower R&D and Engineering Teams to Innovate with New Materials: Secrets to Growing Revenue and Increasing Profit Margins identifies six lessons to help companies innovate to secure future revenue streams, while managing risk. The study examines how new materials can help  companies innovate and how more successful companies take advantage of the latest developments in materials.  

Please enjoy the summary below, or click the report to download a PDF overview (free of charge, no registration required).

For the full report please visit our sponsor, Elsevier (free of charge, registration required).

Table of Contents

  • Executive Overview
  • Business Drivers for Innovation
  • Identifying the Top Performers
  • Lesson #1: Understand the Opportunities in New Materials
  • Lesson #2: Consider How To Balance Different Levels Of Innovation
  • Lesson #3: Implement the Right Innovation Strategies
  • Lesson #4: Prioritize Resources and Processes That Help Accelerate Discovery and Commercialization
  • Lesson #5: Successfully Transition From Concept to Manufacture at Scale By Looking at the Entire System
  • Conclusion
  • Recommendations
  • About the Author
  • About the Research

Executive Overview

It is not easy competing in today’s market. Companies today must stand out from a field of global competitors. Plus crowdfunding options such as Kickstarter have lowered the barrier to entry for new startups with innovative offerings. Companies who stay with the status quo will find it increasingly difficult to compete in this market.

Innovation is key to developing future revenue streams. Yet, there is a certain amount of risk when investing in new ideas. How do leading companies manage risks around innovating? How do they empower their teams? How do they optimize their ideas for innovation? What are the risks of staying with the status quo?

To answer these questions Tech-Clarity surveyed heads of R&D and engineering, scientists and engineers from 318 companies. Survey respondents were located around the globe and represented companies ranging from under $100 million to over $5 billion. Companies came from a variety of industries including automotive, chemicals, electronics, industrial equipment, and aerospace and defense.

Tech-Clarity identified Top Performing companies to understand which practices lead to success. More successful companies look beyond their products and local expertise to expand their sources of innovation. In fact, leading companies are 66% more likely than their lesser performing competitors to empower their teams with access to the latest academic research. They also invest in technology that will help their teams tap into resources that support the discovery and use of new materials and applications. While the discovery and commercialization processes are critical to bring the right innovations to market, new innovations must also transition from concept to manufacture at scale. Top Performers look at the entire system to successfully make this transition.

While there is a common view that too much focus on break-through innovation means sacrificing short-term results, the research finds that leading companies balance their innovation portfolios with different levels of innovation, putting more emphasis on break-through and major innovations than their lesser performing competitors. The combination of this and other findings enables Top Performing companies to experience 2.1 times the revenue growth of their lessor performing competitors. This paper identifies six lessons companies can learn from Top Performing companies and apply to their own businesses to help them realize similar success.

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