Innovation and product development

Generating top-line and bottom-line growth lies at the heart of any organization’s ability to deliver shareholder value. Leading companies today recognise that Innovation is critical to delivering consistent business results in all economic conditions. The speed of change in the new economy has reinforced the value of Innovation and PwC can deliver on this. To be competitive in the global marketplace, organizations need to deliver new products, services and even business models to market quickly, reliably and cost effectively.

Our Innovation offerings help clients develop a wide array of capabilities to achieve market-leading revenue and profitability growth. We have successfully helped many organizations develop new innovative businesses, products and services. We also help our clients build lasting internal capabilities, ranging from Innovation Incubators to global R&D centres to PLM systems, that enable sustained, consistent results. Our unrivalled experience in delivering Innovation capabilities is underpinned by deep knowledge on how to move organisations to both optimise core product/service innovation and development levers and find new paths to growth.

Companies that prioritise innovation to a great extent forecast 10% higher 12-month revenue growth rates than their peers. Also, top CEOs ranked innovation as the number one approach for growth. Increasing competitive pressures and a need to deliver growth mean that CEOs recognise the need to bring new products and services to market quickly and efficiently.

Growth via breakthrough innovation is a major topic in C-suites across all industries in the US, Europe, and Asia

How we help you innovate

  
  • Business Innovation
  • Product and Service Innovation
  • Organizational and IT Enablers

Helping our clients define paths to more profitable growth, from core product development to radical business innovation

 

We help our clients:

  • Identify innovative value propositions
  • Develop innovative business models
  • Define innovation’s role in their business strategies

.... To achieve real business value:

  • Marketplace differentiation
  • Balance of incremental and breakthrough innovation
  • Clear path to Long-Range Plan goals

Establishing the resources, organization, processes, metrics and other elements to create incremental and breakthrough innovations

 

We help our clients:

  • Define and help implement the right Innovation framework
  • Align processes with desired types of innovation
  • Develop capability to perform breakthrough innovation (incubators, corporate venturing, …)

.... To achieve real business value:

  • Sustained innovation, year after year
  • Ability to define and launch real breakthrough offerings

Helping our clients define winning innovation and product strategies, Optimize portfolios and balance roadmaps

 

We help our clients:

  • Identify innovative product and service strategies
  • Balance and Optimize portfolios
  • Define and agree on roadmaps
  • Establish lasting portfolio management processes

.... To achieve real business value:

  • Enhanced, growth and profitability
  • Improved return on R&D investment
  • Predictable new product / service results

Increasing new product profit growth by increasing development productivity, managing complexity and reducing time to market

 

We help our clients:

  • Reduce development cycle times
  • Improve cross functional teamwork
  • Increase product and service output per $m and per engineer
  • Increase throughput through the development pipeline

.... To achieve real business value:

  • Faster time-to-market
  • Reduced slippage
  • Enhanced morale
  • Higher revenue and profit per product

Optimizing innovation and R&D footprint for access to markets, ideas, talent, and for cost and tax efficiency

 

We help our clients:

  • Setup and Optimize multi-site product development
  • Understand tax implications of their operational strategy
  • Unlock/enable access to new talent
  • Identify global expansion opportunities

.... To achieve real business value:

  • Reduced overall labor cost
  • Increased product development capacity
  • Improved efficiency from distributed teams
  • Reduced tax burden

Helping our clients select and implement optimal product lifecycle management systems and realize rapid ROI

 

We help our clients:

  • Define their PLM strategy
  • Select the optional IT solutions for their needs
  • Align business processes and system functionality
  • Deliver on PLM programs while managing risks

.... To achieve real business value:

  • Improved data visibility and quality
  • More efficient decision-making
  • Rapid and sustainable ROI on systems investments