Innovation

Generating top-line and bottom-line growth lies at the heart of any organization’s ability to deliver shareholder value. Leading companies today recognise that Innovation is critical to delivering consistent business results in all economic conditions. The speed of change in the new economy has reinforced the value of Innovation and PwC can deliver on this. To be competitive in the global marketplace, organizations need to deliver new products, services and even business models to market quickly, reliably and cost effectively.

Our Innovation offerings help clients develop a wide array of capabilities to achieve market-leading revenue and profitability growth. We have successfully helped many organizations develop new innovative businesses, products and services. We also help our clients build lasting internal capabilities, ranging from Innovation Incubators to global R&D centres to PLM systems, that enable sustained, consistent results. Our unrivalled experience in delivering Innovation capabilities is underpinned by deep knowledge on how to move organisations to both optimise core product/service innovation and development levers and find new paths to growth.

Companies that prioritise innovation to a great extent forecast 10% higher 12-month revenue growth rates than their peers. Also, top CEOs ranked innovation as the number one approach for growth. Increasing competitive pressures and a need to deliver growth mean that CEOs recognise the need to bring new products and services to market quickly and efficiently.

Growth via breakthrough innovation is a major topic in C-suites across all industries in the US, Europe, and Asia

  

How we help you innovate

  • Business Innovation
  • Product and Service Innovation
  • Organizational and IT Enablers
  • Innovation Strategy
  • Innovation Operating Model
  • Portfolio Management
  • Development Excellence
  • Global Development Operations
  • PLM Systems

Helping our clients define paths to more profitable growth, from core product development to radical business innovation

 

We help our clients:

  • Identify innovative value propositions
  • Develop innovative business models
  • Define innovation’s role in their business strategies

.... To achieve real business value:

  • Marketplace differentiation
  • Balance of incremental and breakthrough innovation
  • Clear path to Long-Range Plan goals

Establishing the resources, organization, processes, metrics and other elements to create incremental and breakthrough innovations

 

We help our clients:

  • Define and help implement the right Innovation framework
  • Align processes with desired types of innovation
  • Develop capability to perform breakthrough innovation (incubators, corporate venturing, …)

.... To achieve real business value:

  • Sustained innovation, year after year
  • Ability to define and launch real breakthrough offerings

Helping our clients define winning innovation and product strategies, Optimize portfolios and balance roadmaps

 

We help our clients:

  • Identify innovative product and service strategies
  • Balance and Optimize portfolios
  • Define and agree on roadmaps
  • Establish lasting portfolio management processes

.... To achieve real business value:

  • Enhanced, growth and profitability
  • Improved return on R&D investment
  • Predictable new product / service results

Increasing new product profit growth by increasing development productivity, managing complexity and reducing time to market

 

We help our clients:

  • Reduce development cycle times
  • Improve cross functional teamwork
  • Increase product and service output per $m and per engineer
  • Increase throughput through the development pipeline

.... To achieve real business value:

  • Faster time-to-market
  • Reduced slippage
  • Enhanced morale
  • Higher revenue and profit per product

Optimizing innovation and R&D footprint for access to markets, ideas, talent, and for cost and tax efficiency

 

We help our clients:

  • Setup and Optimize multi-site product development
  • Understand tax implications of their operational strategy
  • Unlock/enable access to new talent
  • Identify global expansion opportunities

.... To achieve real business value:

  • Reduced overall labor cost
  • Increased product development capacity
  • Improved efficiency from distributed teams
  • Reduced tax burden

Helping our clients select and implement optimal product lifecycle management systems and realize rapid ROI

 

We help our clients:

  • Define their PLM strategy
  • Select the optional IT solutions for their needs
  • Align business processes and system functionality
  • Deliver on PLM programs while managing risks

.... To achieve real business value:

  • Improved data visibility and quality
  • More efficient decision-making
  • Rapid and sustainable ROI on systems investments

Growth via breakthrough innovation is a major topic in C-suites across all industries in the US, Europe, and Asia

Our latest thinking

Converging worlds: Five management principles from companies modernizing our vehicles, buildings, and electric grids

Industry is radically reframing how it can increase productivity and improve the efficiency and stability of our vehicles, buildings, and electric grids. Cities, campuses, and corporations need to manage energy use more actively and in a more aggregated way. The first step in navigating the opportunities is to start from within.

 

Growing your business: Innovation imperative

In today’s world of emerging technologies, emerging markets, and emerging consumer demands, companies must emerge too — out of old molds and into new ones — if they are to survive and thrive. For some companies that means reinventing themselves. For others, it’s about seeking innovative ways to make their business newly relevant.

 

Getting the benefits that PLM has promised for years

Product lifecycle management (PLM) implementations often fall short of expectations. Now, leading companies are starting to see ay that PLM projects may deliver the kinds of benefits described in the brochures. One hint: Treat PLM as a critical business system rather than as a productivity tool for engineers.

 

Making music with global R&D

Expansion does not always bring growth. In fact, with many companies globalising their R&D operations, it can bring just the opposite. As new sites and new talent are acquired and the R&D workforce becomes increasingly dispersed, the capabilities required for full productivity can be easily dissipated, and operational performance can suffer greatly.

 

Pot of gold: Turning product complexity into profits

Every new product variation drives up complexity and costs. With good complexity management, companies can enhance the customer and consumer experience while improving operational and financial perfor-mance. As the economy recovers, this approach can free up funds and the manufacturing capacity needed for profitable growth.

 
 

Books

Setting the PACE in product development

Michael McGrath

 
Voices into choices: Acting on the voice of the customer

Christina H Brodie

 
Product strategy for high technology companies

Michael McGrath

 
Making innovation work: How to manage it, measure it, and profit from it

Tony Davila, Marc Epstien, Robert Shelton

 
The power or co-creation

Venkat Ramaswamy, Francis Gouillant