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500% higher productivity in product development
Enormous differences in productivity If one compares the most productive companies (the top 25% of businesses), against the rest, the results are provocative. The difference is around 500% between the average companies and the best 25% and almost 1200% between the best and the worst performers. These numbers are averages across all industry sectors. However, the pattern is the same when you compare companies in the same line of business. Reasons for these differences: three things you can do These huge differences lead to the inevitable question: Why? What is it that these high-productivity companies do differently? And can your company learn from them? 1) Start reading our short article about the seven productivity principles that the best companies use much more often than the average companies. 2) You may also join our seminar 500% higher productivity if you wish to learn the seven principles in detail along with our many real-life examples. 3) Finally, the ultimate way to find the answers is to carry out an Innovation Audit in your company where you compare your performance and practices with the industry standard as well as the top performers. This will show you exactly how you can improve productivity. 1Innovation Excellence Study by Arthur D. Little, 2005, How Companies use Innovation to Improve Profitability and Growth Source: Cooper & Edgett, Lean Rapid, and Profitable New Product Development. Read our free articles and books such as Lean, Rapid and Profitable New Product Development. |
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