- Lack of strategic direction
- Resource constraints (time and people)
- Budget constraints
- Our culture fears failure and/or the repercussions from failure
- Cross-functional coordination
- Lack management commitment and incentives
- Limited enterprise systems integration
- PLM payback opportunities are not clearly understood or measured
- Executive sponsorship is missing or slipping
- Culture and practice differences across business units
- Lack of user involvement and training
- Poor support from chosen PLM solution and/or service provider
- Aligning R&D strategy with the organization’s long-term corporate strategy
- Building an effective technology roadmap
- Prioritizing innovation concepts
- Implementing an effective innovation portfolio management systems
- Finding viable new applications for existing products/capabilities
- Generating breakthrough innovation concepts
- Embedding the voice of the customer in the innovation process
- Measuring innovation performance (at the project and portfolio levels)
BR,
Anil
