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Product Strategy for High Technology Companies (Hardcover)

by Michael McGrath (Author) "As in Alice in Wonderland, if a company does not have any vision of where it wants to go, then any product strategy is likely..." (more)
Key Phrases: core strategic vision, product platform strategy, product strategy process, Digital Equipment, United States, Boundary Framework (more...)
4.8 out of 5 stars See all reviews (11 customer reviews)

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Editorial Reviews

Product Description
One of the key determinants of success for today's high-technology companies is product strategy--and this guide continues to be the only book on product strategy written specifically for the 21st century high-tech industry. More than 250 examples from technological leaders including IBM, Compaq, and Apple--plus a new focus on growth strategies and on Internet businesses--define how high-tech companies can use product strategy and product platform strategy for competitiveness, profitability, and growth in the Internet age.

From the Back Cover
[BACK COVER]

Product Strategy for High Technology Companies 2nd Edition Michael E. McGrath

[CATEGORY] Management

[HEAD] How Today's High-Tech Leaders--Microsoft, Intel, Motorola, and Others--Continue their Dominance in an Increasingly Competitive Marketplace.
Companies looking to make a mark in today's crowded high-tech battlefield need two primary elements: a distinctive product and a powerful product strategy. Without both, they simply won't survive. Product Strategy for High Technology Companies, 2nd Edition, is today's only book on product strategy written specifically for high-tech companies. Updated and revised to encompass everything from changing product strategies to Web-based technologies, this forward-thinking book provides page after page of market-tested strategies and techniques that include:
• An in-depth examination of the market-proven Core Strategic Vision (CSV) and Market Platform Plan (MPP) Frameworks
• Case studies examining 14 unique differentiation strategies--what worked, what didn't, and why
• More than 250 examples of product strategy in action, from the success of Microsoft to the equally stunning--at the time--failure of Osborne
The opportunities in today's wide-open technology marketplace are unparalleled in history. Benchmark yourself against the high-tech leaders--and discover techniques to carve out your own area of expertise and success--with Product Strategy for High Technology Companies.

[FLAP COPY]

Product Strategy for High Technology Companies 2nd Edition Michael E. McGrath


• How did Xerox, a dominant world leader in light-lens copying, change its strategic focus in time to secure a foothold in the emerging digital technologies arena?
• Which line strategies helped Tylenol leverage its single product--acetaminophen--into a broad-based platform that has sold nearly a quarter-trillion tablets?
• What innovative strategies did Dell Computer use to become a low-price leader in the notoriously razor-thin margin world of personal computers?


Continuous technological change…Short product life cycles…Fast-moving, innovative start-up competitors…
High-technology companies face a number of unique challenges not encountered by companies in other industries. And yet some--Microsoft, IBM, Apple, and Intel, to name just a few--consistently overcome the same obstacles faced by others, and continue to strengthen their competitive positions year after year. How do they do it? Product Strategy for High Technology Companies defines how high-tech companies have used product strategy and product platform strategy to achieve competitiveness, profitability, and continued expansion in the Internet age. Product strategists in high-tech companies will get the latest information on developing successful product policies--including technological change, product differentiation, timing and contingency planning, as well as marketing and financial considerations.
And far from offering a one-sided viewpoint of the marketplace, author Michael McGrath draws on his nearly quarter-century of experience to relate how product strategy works in the real world. McGrath discusses the strategies that allowed Amazon to create and launch numerous products in record time--and their plans for continuing this cycle of innovation and growth. He examines how companies such as Motorola were able to successfully leverage existing product lines, while others such as Wang quickly failed and disappeared.
Product Strategy for High Technology Companies is nothing less than a template for growth in the brutally competitive arena of high technology. Candid, comprehensive, and generous in its use of real-life examples to illustrate strategic realities, it shows today's emerging technology challengers how to build a solid strategic foundation, leverage the strengths of that foundation, then build from it to assume and maintain a position of leadership--today and well into the 21st century.

About the Author Michael McGrath is a cofounder and managing director of Pittiglio Rabin Todd & McGrath (PRTM), a leader in helping technology-based companies develop agile, robust management processes and methodologies. In over two decades of management consulting, he has worked with more than 100 companies in the U.S., Europe, and Asia. McGrath initiated PACE (Product And Cycle-time Excellence), PRTM's product-development consulting practice, and has directed many of PRTM's projects in reducing time-to-market in a variety of high technology companies. He coauthored the books Product Development and Setting the PACE in Product Development, and has published numerous articles on international manufacturing, product development, and trends in the high-technology industry.

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Product Details

  • Hardcover: 400 pages
  • Publisher: McGraw-Hill; 2nd edition (October 12, 2000)
  • Language: English
  • ISBN-10: 0071362460
  • ISBN-13: 978-0071362467
  • Product Dimensions: 9.1 x 6.4 x 1.3 inches
  • Shipping Weight: 1.6 pounds (View shipping rates and policies)
  • Average Customer Review: 4.8 out of 5 stars See all reviews (11 customer reviews)
  • Amazon.com Sales Rank: #131,909 in Books (See Bestsellers in Books)

    Popular in this category: (What's this?)

    #43 in  Books > Business & Investing > Marketing & Sales > Marketing > Product Management

Inside This Book (learn more)
First Sentence:
As in Alice in Wonderland, if a company does not have any vision of where it wants to go, then any product strategy is likely to take it somewhere. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
core strategic vision, product platform strategy, product strategy process, new product platform, existing product platform, product line strategy, product line plan, global product strategy, successful product strategy, cannibalization strategies, price leadership strategy, platform life cycle, acquisition highway, derivative platform, technical core competencies, multiple product offerings, defining technology, platform plan, product platforms, application software products, expansion framework, platform elements, price proximity, product line strategies, expansion into new markets
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Digital Equipment, United States, Boundary Framework, Business Week, Apple Computer, Walt Disney World, Data General, Effectiveness Index, Compaq Computer, The Wall Street Journal, Bill Gates, United Kingdom, The Boston Globe, The Free Press, Annual Report, Harvard Business Review, Microsoft Windows, Texas Instruments, Time Warner, American Express, Sun Microsystems, America Online, Apple Macintosh, Eckhard Pfeiffer, Intel Pentium
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Customer Reviews

11 Reviews
5 star:
 (9)
4 star:
 (2)
3 star:    (0)
2 star:    (0)
1 star:    (0)
 
 
 
 
 
Average Customer Review
4.8 out of 5 stars (11 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

 
44 of 44 people found the following review helpful:
5.0 out of 5 stars Don't Just Read It, Do it!, January 16, 2001
By A Customer
After founding a leading market research firm and teaching New Product Development at Harvard, I found this book so compelling that our firm has completed a review of our entire new web research product strategy, and come to some startling and highly productive insights on how to proceed and succeed. It is by far the most practical, in-depth guide to achieving competitive new product development strategies I have ever read.

The book shows clearly how to answer the critical questions: 1) Where do we want to go, 2) How will we get there, and 3) Why will we be successful. It shows how to create a Core Strategic Vision that is the foundation for new product success. And it shows how to use that vision to create highly competitive and profitable product lines, particularly in high technology.

Having tested new product ideas for hundreds of companies over the last 25 years, it is difficult to think of more than a handful who couldn't have benefited from not only reading this book, but doing what it recommends.

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52 of 54 people found the following review helpful:
5.0 out of 5 stars Best Strategic Toolkit Ever Written, March 14, 2001
By Jon McKay (Northwestern University, MMM Program) - See all my reviews
There are countless strategy books out there. Each one has an overriding framework that the entire book is based on, that often warrants only a 15-page article. This book is loaded with practical frameworks that together provide a thinking and creativity-channeling approach. Better yet, every framework has been proven in practice at dozens of companies by the author's implementation-based consulting firm. Each chapter is filled with examples from a broad range of technology-based companies. When applying these frameworks outside of technology-based industries and large companies just use common sense to strip them down to their essence and don't worry about the fancy techno-speak. You can also use most chapters as stand-alone strategy tools. I personally like "vectors of differentiation" and wonder how so many companies blow it when it seems like common sense. But then again if common sense were common, books like this wouldn't be needed. And then there's the issue of actually implementing what you come up with...
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40 of 43 people found the following review helpful:
5.0 out of 5 stars targeted for core products at large companies, May 21, 2004
By adam sah (bay area, CA) - See all my reviews
(REAL NAME)   
I love this book: the concept of a "vector" for product
development is a terrific way to think about competition.
IMHO, this book is a must-read for all product managers,
product marketers and people involved in strategic decisions,
i.e. all senior executives.

That said, speaking as a five-time startup engineer, the advice
and examples in this book seem geared towards the core product
lines in larger companies, where you can credibly talk about
"two years from now" as opposed to wondering if you'll even be
in business, which is also the problem for new product lines at
large companies. The experience for the book comes from the
PRTM consulting firm, which was made famous for their work with
parallel product development at Intel. We hired them in the
early days at Inktomi, and found mixed success with their
process because we were terrified of immediate failure, and
they wanted to talk about version 3. Obviously, there's a
successful middle ground because Inktomi was a huge success in
the short term, but ultimately lost its strategic direction.

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Most Recent Customer Reviews

5.0 out of 5 stars Product Management Book Review
Product Strategy for High technology Companies by Robert Cooper. I purchased the book with the intention of getting my professional certification in product management. Read more
Published 17 months ago by Rodney Gaviola

5.0 out of 5 stars very good - lots of examples
the Core Strategic Vision approach for determining strategy is interesting, and is a good framework to develop a realistic vision. Read more
Published on January 18, 2007 by Emilio M. Cavalcanti

5.0 out of 5 stars Comprehensive coverage
This book offers a study of the strategic options for high tech firms. The coverage is wide and detailed. This is a great book.
Published on March 12, 2006 by Nathan Thomas

4.0 out of 5 stars A first approach to Product Strategy
A big number of business examples, and good explanation of concepts. A deeper vision could be found in another books about this subject, so in my oppinion this book could be a... Read more
Published on January 30, 2006 by Alfredo Caballero

4.0 out of 5 stars watch out cost to implement in ur office before do it
For example, author addressed the benefits to have a product platform strategy are focusing managemnet on key decision at the right time;enabling products to be deployed rapidly... Read more
Published on December 5, 2003 by Aardvark

5.0 out of 5 stars Unmatched User Guide to High Tech Product Strategy
In his richly illustrated Product Strategy for High Technology Companies, Michael E. McGrath rightly describes product strategy as a management process. Read more
Published on February 12, 2002 by Serge J. Van Steenkiste

5.0 out of 5 stars Unique Book Frames Critical Subject for Executives
This is a key book that provides an innovative look at a critical subject. After infinite books on "how" to get products to market, here is a very valuable analysis of... Read more
Published on January 9, 2001 by marco iansiti

5.0 out of 5 stars A Critical Capability for Today's Competitive World
Translating a strategic vision into a family of world-class product offerings is a capability that many companies do not possess. Read more
Published on December 20, 2000 by Conger Gabel, President, Hardy...

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