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Highlights from the benchmark study.
• Nearly 40% continue to work at a lower level of innovation management maturity but positive news that many are making early progress in advancement
• More than half to 60% of medical device manufacturers share these top pain points when managing a product portfolio:
……Back and forth, late decision making
……Not being able to drive innovation fast enough
……Too many projects for their resources
• More than half (50%) of medical device manufacturers share the following risks:
……Time to market
……Unclear priorities as business conditions change
……Not meeting expected revenue targets
• More than 80% of medical device manufacturers report that they have unreliable, difficult to access data to make product portfolio decisions upon
……Good news – Dramatic progress for those who address their innovation management maturity
Event sponsor Planview invites you to uncover where your organization is today when it comes to innovation management maturity and where you want to go with the Innovation Management Maturity Model™, a framework for assessing a company’s innovation program encompassing the people, processes and tools needed to speed time to market.
Explores the model in more detail including the rationale behind it, each element it addresses, the different levels which companies can rank their maturity, and how to apply the model to your organization. Learn more