Entries by Richard Walton

The Chairman Wants Options

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While the odds of any particular product being a commercial success are low, commercial success may not be the only measure of accomplishment. Next year will consumers want little cars or big cars? Are heating costs going up or down? A good product development manager provides a portfolio of options to management. By definition, if […]

Odds Of Success (Part 1)

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We were taught in business school that only 1 in 20 new products succeeded. There was not a lot of definition around “new” or “success”, but it was a daunting enough metric by itself. As an adult it seems more like 1 in 50. Of course, it depends on what is meant by success and failure […]

Methodology Gives Those With No Ideas Something to Do

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The title above was taken from Mason Cooley’s “City Aphorisms”. You have got to love it. In brief – here is how large corporations approach product development. It begins with idea generation. This is the brain storming – the hard-to-define process aptly called “The Fuzzy Front End”. While there are scholarly works dedicated to just […]