Product Innovation

Inventing and developing new products require a well structured approach with creative injections


Key challenges

Product innovation in large organisations requires an approach which takes the best from "creative" and "control" skills domains. Once introduced, an effective product portfolio management requires a digital well structured product catalog, with rich product attributes and good governance and processes. We are often asked these questions:

  • How do you approach production innovation and development, in particular how do create innovation in large organisations?
  • How should you structure your products and packages?
  • At what level should pricing be carried out?
  • What are the best practices for product information management?
  • How do you establish different perspectives on a product catalog, e.g., customer, internal, finance?

 

Our services

At Oleto Associates we have designed many product catalogs and product management approaches in different industries, ranging from healthcare, telco and and . These catalogs all now provide the bedrock for product management in their organisations and make up crucial parts of the master data landscapes.

Services include: 

  • Product strategy and product portfolio management
  • Product innovation
  • Product development of new products, both business and IT side
  • Product and package catalog design, incl. facilitating agreements between different stakeholders
  • Product management review
  • Pricing and revenue management
  • Selection of Product Information Management system, incl. broad architecture review

Most relevant for: CCO, CSO, Head of Business Unit, Head of business transformation

 

Examples of our proprietary concepts and methods

  • Product catalog templates for different industries
  • Productivity tool for management for products and packages
  • Collection of best practices for product management implementation

Selected case studies

Improving Concept and Product Development in R&D in a Life Sciences Company

Improving Concept and Product Development in R&D in a Life Sciences Company

The client’s R&D division was facing a situation with delays and budget overruns for some R&D projects, and needed an im…

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Strengthening Project Evaluation for Large R&D Projects in the Energy Sector

Strengthening Project Evaluation for Large R&D Projects in the Energy Sector

Reduced time-to-market and risk in handling large and complex R&D projects

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Product Strategy for an Industrial Company

Product Strategy for an Industrial Company

A business unit of a large industrial conglomerate of Danish origin was unsure where to invest future R&D spend to meet…

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Developing the Next Generation Network Offering

Developing the Next Generation Network Offering

Designing the digital customer journey, IT stack and organisational setup to deliver the connectivity solutions of tomor…

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Revitalising the Innovation Capabilities in a Design Company

Revitalising the Innovation Capabilities in a Design Company

A design company had grown significantly over the last few years and the organisation had consequently been set up for d…

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Cloud Value Potential for a Multi-Vertical Software Company

Cloud Value Potential for a Multi-Vertical Software Company

When migrating to the public cloud there is no one size fits all - careful fact-based strategies are needed

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Optimising the Commercial Digital Model for a B2B Wholesaler

Optimising the Commercial Digital Model for a B2B Wholesaler

A Scandinavian B2B wholesale company wanted to improve their commercial performance, however their growth was limited by…

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Growth Strategy and New Operating Model for a Leading Supplier of Spare Parts and Services

Growth Strategy and New Operating Model for a Leading Supplier of Spare Parts and Services

A global supplier of aviation spare parts had invested heavily in global processes and technology, but had not seen sign…

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Harmonising Business Practices & Systems in an International Veterinary Care Group

Harmonising Business Practices & Systems in an International Veterinary Care Group

A division of an international chain of animal hospitals wanted to reap synergies across its extensive portfolio of care…

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Go-To-Market Strategy for a Groundbreaking Engineering Innovation

Go-To-Market Strategy for a Groundbreaking Engineering Innovation

A US based technology company wanted to find the best way to approach the market for a groundbreaking innovation within…

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Selected perspectives

Profitable Tech Products: Escaping the Organic Growth 'Comfort Zone'

Profitable Tech Products: Escaping the Organic Growth 'Comfort Zone'

June 2021

Stepping outside of the organic growth 'comfort zone' and improving portfolio structure and technology could be key to e…

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Agile Software Development: Avoiding a Loss-Making Methodology Choice

Agile Software Development: Avoiding a Loss-Making Methodology Choice

July 2019

All agile and waterfall software development methodologies could destroy value when applied to an ill-fitting situation.…

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Towards Agile Innovation: Key R&D Models for the Next Decade

Towards Agile Innovation: Key R&D Models for the Next Decade

February 2020

With companies under increasing pressure to innovate, what is the most effective R&D approach for the future? A strategi…

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Measuring Digital Success: Performance & Health

Measuring Digital Success: Performance & Health

February 2021

Measuring digital success can help executives track value creation and prioritize where to focus next. Paradoxically, so…

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5G is Here: Creating Value on Both the Demand & Supply Side

5G is Here: Creating Value on Both the Demand & Supply Side

December 2020

5G is now available in most parts of the world, allowing for faster and more reliable mobile device communication. Which…

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