Archive for March, 2011

Mar 6th 2011 Questions to Test Strategy

  • Does it violate any strategic laws of gravity?
  • Do my numbers match my strategy?
  • Will it create value?
  • Is it material?
  • Is it differentiated?
  • Is it just ‘PowerPoint engineering’? (assuming that anything people say they can do, they can do)
  • Where are we in our strategic journey?
  • Are we properly balancing growth and risk?
  • What are the facts?
  • Is the problem solvable, and do we care?
  • Who can solve that problem?
  • Why might we fail?
  • How can we shape the market?

Source: How We Do It: Strategic Tests From Four Senior Executives | The McKinsey Quarterly

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Mar 5th 2011 Product Lifecycle Management (PLM) Questions

  • How can we better measure our ROI on R&D spending?
  • Do we have the infrastructure to support our global innovation and product development needs now—and three years from now?
  • Who owns product lifecycle management? Who should own PLM for the company?
  • Do we have a definition, strategy and roadmap for PLM?
  • How do our current CRM, SCM and ERP initiatives link to PLM?
  • What impact could improvements in PLM have for us?
  • What’s the total benefit of improving our time to market by 1 percent?
  • What’s the total benefit of reducing our product development costs by 1 percent?
  • What’s the impact of getting 1 percent more output from our product development resources?
  • Can we satisfy upcoming regulations with our current PLM resources and processes—and if not, what will a regulatory violation cost us?

Source: The innovation enabler goes mainstream by Kevin P. Prendeville, A. J. Gupta | Outlook Journal

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