Consulting & Advisory Services
The Inside Story on reducing new product development time
by 25% - while producing a string of extraordinary outcomes
along the way
A major multi-national consumer products
company needed to shorten time-to-market for new products and
find ways to significantly increase R&D innovation. Through
consulting, advisory services, breakthrough facilitation, and
customized developmental programs, GLG applied its proprietary
methodologies and partnered with senior executives to:
- Reduce product development time and time-to-market by 25%.
Exceed targets for product sales by 10%.
- Create a breakthrough product that became the value share leader in its
category within six weeks of launch.
- Develop a product strategy that set the product price significantly above
that of established products in the category. This unprecedented pricing
has been maintained.
- Create the first product of its kind with clinically proven superiority
of 25% performance improvement.
- Obtain a record number of patents for the product, product development
processes, and product manufacturing processes.
In addition to the above results, a decision-making
methodology was introduced for strategic processes that shorted
the time to execution by weeks. This led to a unique product
development process that included rapid prototyping and new
methodologies to validate product efficacy. Also the first-ever
genuine cross-functional product development organization in
the company’s history was implemented.
This breakthrough product was launched with
a marketing program that was the largest the division had ever
created, and which resulted in product sales that exceeded
already optimistic targets by 10%.
The division president and three of his direct
reports were promoted to larger responsibilities expressly
because of their demonstrated leadership ability. Senior executives,
team leaders, and team members reported that they had never
worked on a more rewarding initiative or team.
For the last decade, this multi-billion dollar
consumer goods company has been an active GLG client, producing
breakthroughs in both products and business performance.
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