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When deciding on the policies for new business ventures and development themes, what do you keep in mind? I believe selections are made based on analysis results from perspectives such as market needs and effective utilization of existing technologies. When determining the company's policies, it is important to make more multifaceted judgments, not just sticking to established routes. One factor that hinders multifaceted judgment is cognitive bias. Cognitive bias is the phenomenon of making biased and irrational judgments based on preconceived notions formed from intuition or past experiences. Now, let me introduce an example of cognitive bias that occurred in an actual development setting. *For more details about the blog, you can view it through the related links. Please feel free to contact us for more information.*
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Free membership registration"I want to come up with ideas for new businesses and development themes. However, I find myself stuck with ideas that are merely extensions of existing products and lack appeal, which is troubling. Is there a good method to overcome this?" I often receive such inquiries. To extract highly innovative ideas for your company, there is one key point: "Question common sense." Specifically, it involves generating ideas that overturn the obvious from three perspectives: products, industry, and your own company. *You can view the detailed content of the blog through the related link. For more information, please feel free to contact us.*
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Free membership registrationPPM analysis stands for Product Portfolio Management and is a tool for companies to consider how to allocate management resources among multiple businesses. It classifies businesses into four types: "Dogs," "Cash Cows," "Stars," and "Question Marks," based on both market share and market growth rate. PPM analysis not only determines business strategy but can also serve as a basis for deciding technology development policies. Here, we will explain the four types. *For more detailed content, please refer to the related links. Feel free to contact us for more information.*
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Free membership registrationThere has been an increase in inquiries about how to advance the development of human resources for new product development in organizations that require telework, office work, and hybrid work, as the utilization of these work styles progresses. I will explain the characteristics of research and development personnel who drive innovation, along with specific training measures. Here, "driving innovation" is interpreted as "launching new products from scratch," and I will outline three important guiding principles. *For more details, you can view the blog through the related links. Please feel free to contact us for further information.*
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Free membership registrationWhen generating ideas for a new business and creating a plan, there are items that should be decided in advance. This time, I will explain two important items among them: constraints and assumptions. To lead new business development to success, it is necessary to set the vision and key objectives of the project. This is because the differing positions of each member participating in the project lead to variations in judgment criteria and values, which can cause the direction of development to become unclear. To resolve this, it is essential to set a vision and objectives, but before that, clarifying the assumptions and constraints allows for the establishment of specific and convincing goals. *For more details on the blog content, you can view it through the related links. Please feel free to contact us for more information.*
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Free membership registrationWhen learning about strategy, you will encounter the keyword "core competence" early on. This time, I will explain core competence. Core competence refers to the ability that overwhelms competitors. It is said to have first appeared in 1990 in "The Core Competence of the Corporation." The ability to overwhelm competitors refers, for example, to possessing technology that is overwhelmingly superior compared to others. Core competence is not limited to technology, but widely known examples include Honda's engine technology and Sony's miniaturization technology. *You can view the detailed content of the blog through the related links. For more information, please feel free to contact us.*
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Free membership registrationWhile supporting the development of new businesses and talent cultivation, I sometimes receive inquiries about the members to be assigned to projects. This time, I will explain the ideal profile of personnel I would like to assign to a new business development project. In conversations with the management level of the research and development department, I received inquiries about the dilemma of what kind of members should be assigned to new business projects in order to cultivate future leaders. The background includes the necessity to manage numerous projects simultaneously and the increasing demand for results and efficiency, leading to a strong desire to focus on nurturing promising leader candidates. What characteristics should developers possess to lead new businesses in the future? Based on my experience, I will outline these traits. As a premise, it is essential to have knowledge of the company's technology and deep insights into one's own specialized skills, but there are three other key characteristics as well. *For more details, please refer to the related links. Feel free to contact us for further information.*
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Free membership registrationThe other day, I received a consultation from a person in charge of a new business project who said, "We completed a business plan over six months and challenged ourselves to a project review, but the result was disappointing. I don't know what the cause was." Upon hearing their story, it seemed they had invested resources and worked diligently by thoroughly reading market research reports, collecting market needs information, and conducting marketing analysis. In general, during the idea generation stage for new businesses, a series of activities such as market research, environmental analysis, strength and weakness analysis, revenue forecasting, and financial analysis are conducted and compiled into a business plan. On the ground level, business ideas that utilize technologies under research and development or in the process of development face significant uncertainty in future predictions and struggle with quantitative data collection. On the other hand, management seeks business ideas with high certainty in terms of market share and profitability when making decisions about development investments. Even when the business ideas aim to create pillars for future businesses, conflicts between the two sides' opinions frequently arise. *For more details about the blog, you can view it through the related links. Please feel free to contact us for more information.*
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Free membership registrationRecently, we held a seminar titled "Leadership Methods for Leading New Projects in the Research and Development Department." As the title suggests, this program is aimed at leaders of organizations and teams engaged in research and development with the goal of launching new businesses or products. As you know, there are already numerous resources on leadership available in books and online media. In this context, many participants are facing challenges related to building good relationships with internal and external stakeholders while feeling uncertain about how to exercise leadership to achieve their goals. When advancing highly innovative business ideas or research and development themes within their companies, the primary hurdle is gaining the support of internal stakeholders, which means navigating the process of obtaining approval for proposals. *You can view more details about the blog through the related links. For more information, please feel free to contact us.*
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Free membership registrationIn the semiconductor industry, which is the starting point of my career, it has been said in the past that the economy changes every three years. I remember that many of my seniors repeatedly changed jobs to align with this cycle. Over time, the theory of the three-year cycle began to fade, and while engaged in semiconductor development and manufacturing, there were times when I was mocked as being outdated with comments like, "Are you still in semiconductors?" Additionally, the decline in mass-produced goods progressed, and the situation continued where we could not compete with overseas companies on cost, leading to a difficult period for Japan's semiconductor industry. After experiencing the COVID-19 pandemic, as you are aware, large-scale investments in the semiconductor industry by the government and private companies have been announced, and the industry is once again thriving. The above is my personal perspective on the nearly 20-year evolution of the semiconductor industry in which I have been involved. While there may be differing opinions on this perspective, what I want to convey this time is not an opinion about the semiconductor industry. *For more details about the blog, you can view it through the related links. Please feel free to contact us for more information.*
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Free membership registrationWhen responsible for planning a business or product, it is almost always required to capture the latent needs of the target audience. The background to this is that the urgent and significant issues surrounding the target, such as life and death or business continuity, are gradually diminishing. Therefore, when conducting interviews with the target, one often hears requests that are quite reasonable and straightforward, such as "I want it to be cheaper" or "It would be good if it is safe and low-risk." While planners are expected to design products that are low-cost and highly reliable and safe, there remains a question of whether these can truly be considered the real needs that drive market growth. The reason is that the target is not being unkind by not expressing their true needs; rather, it is often the case that they are simply not yet aware of them. These unrecognized true needs are what we refer to as latent needs. *For more detailed content of the blog, please refer to the related links. For further inquiries, feel free to contact us.*
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Free membership registrationIn the changing business environment of recent years, the shortage of workers and the increase in resignations due to job changes have become pressing issues. While this has been a topic of discussion among small businesses for some time, it has increasingly been heard in large corporations as well. Among the top reasons for job changes, salary and interpersonal relationships still rank high, but reasons related to promotion and career advancement seem to be rising, particularly among younger employees. Delving into the reasons related to promotion and career advancement, it can be inferred that employees feel they cannot expect growth if they continue in their current positions. This time, I will focus on the reason for resigning for the sake of career advancement (growth) and share the solutions I propose. *For more details on the blog, please refer to the related links. Feel free to contact us for more information.*
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Free membership registrationThere are cases where, despite having high-quality business ideas proposed by the development department that are expected to have a significant market size, development does not progress and the ideas do not reach commercialization. When I interviewed the person in charge, they mentioned that while the business idea proposal passed the approval process, there are issues preventing actual development from starting or progressing, leading to an inability to create a prototype. Typically, passing the approval process means that the development of the elements necessary to realize the approved plan should begin. Yet, why is it that development cannot start or progress? There are three possible reasons. *For more details on the blog, you can view it through the related link. Please feel free to contact us for more information.*
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Free membership registrationThere is a common concern that arises almost every time I speak with management. It involves members involved in the planning and development of new businesses feeling negative, saying things like "it's tough," "I'm not suited for this," "I want to change my role," or "I want to return to research and development as before." Even though promising mid-level and junior members have been assigned to the planning and development of new businesses to cultivate leaders, what are the reasons they feel like they want to quit or find it difficult? *For more details, you can view the related links. Please feel free to contact us for more information.*
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Free membership registrationThis is the second part of the strategies implemented by management to avoid cases where members involved in the planning and development of new businesses become negative, expressing feelings such as "It's tough," "I'm not suited for this, I want to change my role," or "I want to return to research and development as before." In this instance, although promising mid-level and junior members were assigned to the planning and development of new businesses to cultivate leaders, we will focus on the reason why they feel like quitting or find it difficult: "I received negative feedback on the business plan, but I don't know what to improve." When we convey this reason to management, they are almost 100% surprised. They believe it can't be true because they provided feedback on the reasons for the No-Go decision at the business proposal meeting and the future activity plans. *For more details, you can view the blog through the related link. Please feel free to contact us for more information.
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Free membership registrationRecently, in the field of research and development, there has been a growing expectation for individuals to take on the mission of launching new businesses. Within this trend, I often receive consultations from research and development leaders who express the following concerns: "What kind of goals should we set?" "The management team has requested that we establish themes that are risk-free and capable of generating profits, assuming success, but it is difficult to translate this into specific goals." "Innovative ideas are coming from the development team, but considering the risks, we cannot proceed." These concerns arise from the challenge of creating themes that aim for sales comparable to existing businesses without risk, which goes beyond the traditional mission of research and development. *For more details about the blog, please refer to the related links. Feel free to contact us for more information.*
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Free membership registrationOur company provides support for individuals and groups considering venture entrepreneurship or independence before starting their business. We solve concerns such as "I want to create a career advancement plan utilizing my specialized skills," "I want to know the current situation regarding technical independence and entrepreneurship," and "I want to consult about specific methods for preparation and progress towards starting a business." For those who are seriously committed to entrepreneurship and want to make it a reality, we offer support programs of 3, 6, and 12 sessions. [For those with the following concerns] ■ I want to create a career advancement plan utilizing my specialized skills. ■ I want to know the current situation regarding technical independence and entrepreneurship. ■ I want to consult about specific methods for preparation and progress towards starting a business. ■ I don't know where to start and want to master methods for entrepreneurship and independence with my available resources. ■ I want to know suitable fundraising options (such as crowdfunding) and methods for starting a tech venture. *For more details, please download the PDF or feel free to contact us.
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Free membership registrationOur company clarifies the goals that our customers truly want to achieve and proposes the necessary support for new product development through individualized plans. To assist in clarifying the vision, we can form a foundation for continuous business expansion towards the future, not limited to immediate goals or single products. Please feel free to contact us if you have any requests. 【Features】 ■ By thoroughly prioritizing and using small successes as triggers, we provide support to gradually lead to larger projects without requiring massive investments or resources across all fronts for R&D. ■ By strengthening the communication capabilities of the development site, we can propose new product development strategies based on bottom-up and middle-up approaches (a fusion of top-down and bottom-up). ■ Beyond merely providing common knowledge and know-how, we support the development of organizations that lead to quick decision-making and action, enabling early business creation, among other benefits. *For more details, please download the PDF or contact us.
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