Innovation Strategy – Global Product Lifecycle

Traditional Enterprise Governance Models

Recently I was luckily enough to be invited to speak about innovation strategies and the Global Product Lifecycle we have developed at Pearson at the 4th Annual R&D Innovation conference in Amsterdam, followed by presenting a similar talk at the Open Innovation Summit London.

During this talk, I shared some insights on how we in the Product Lifecycle team use the Global Product Lifecycle to provide a lens into Product Strategy. This enables us to take a look closer into products in the portfolio and make decisions based upon Core, Adjacent and Transformational strategic decisions. At the practices level I also shared how Agile, Lean and Lean Startup are built into the product development practices and form the engine of product development.

Behind the product lifecycle I also shared how we are developing a strategic knowledge network across the organisation to empower the enabling functions to work together and contribute to the product lifecycle. This is a direct systems thinking strategy, utilising the specialists skills to surfacing a network of key partners and individuals. Through this network we are able to increase the organisational capabilities to innovate, share knowledge and reduce waste. All of this supports the open source structure we are applying in portfolio governance to truly embrace a learning organisation.

Whether attending or presenting, I always look to use this as an opportunity for external feedback and knowledge discovery which I have found invaluable strategically. Having a variance in domains and companies in attendance including the more well known companies such as Philips, GE, GSK, P&G, KLM, Lufthansa, Siemens, Alcatel Lucent and more, lends itself well to interesting diverse conversations and challenges.

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