Review
"This book is grounded in reality, providing numerous examples and real-life illustrations of both successes and failures. One of the appeals is that it is so clearly related to the field of high tech manufacturing. ...This book has much to offer." (Strategy, November 2000)
From the Inside Flap
In today's hypercompetitive global marketplace, innovation is the lifeblood of the business enterprise. Seen in this light, the traditional practice of delegating full responsibility for product innovation to the engineering department is worse than outdated-it is downright reckless. For new-product programs to be competitive, executives and upper-level managers must treat innovation as an enterprisewide business process, and manage it strategically. In this groundbreaking book, Marvin Patterson and John Fenoglio describe how many of today's leading firms have achieved bold new levels of profit and performance through improved product-innovation management. More importantly, they provide business leaders with a complete blueprint for replicating that success in their organizations. Drawing upon extensive experience, Patterson and Fenoglio develop a systemic view of innovation, showing clear connections among all aspects of new-product creation-from the single project to the product portfolio, from the R&D work environment to revenue growth. They also draw upon the experience of managers at top firms involved in all areas of new-product creation, as reflected in case studies and anecdotes drawn from their work at Hewlett-Packard, Xerox, and Caterpillar, among others. Out of these compelling stories, they distill a set of innovation-management principles, models, and best practices, and develop guidelines for putting them to work in virtually any company that generates new products. The authors address all factors critical to successful product innovation, and pay particular attention to the roles that upper-level managers must play in directing new-product efforts. They also describe the essential elements of a work environment that supports creativity and productivity, attributes of paramount importance to a competitive business enterprise. An authoritative guide to cutting-edge innovation management, Leading Product Innovation is required reading for executives and upper-level managers in all business sectors that depend upon successful new products.