WILMINGTON, Del., June 1, 2020 – Planbox, a pioneer in cloud-based AI-powered agile innovation management solutions, today announced that it will host a strategy session on Must-Know Data-Driven Insights for Agile Leaders, featuring guest speaker Greg Geracie, CEO of Actuation Consulting, on June 9 at 11AM EDT.
As CEO of a leading provider of product management consulting, training and advisory services, Greg will discuss key findings from Actuation Consulting’s sixth annual global Study of Product Team Performance and Innovation Processes. The study provides data-driven insights on the dynamics of high-performing product teams and the top factors driving the best outcomes in areas of product management and innovation management. Below are key findings from the study:
- 52.7% of respondents credit Agile with increasing their product’s profitability, a methodology which has become the dominant product development approach used today.
- 47.3% of respondents look to their innovation program as a mandate to identify and manage new threats, risks, market trends and emerging technologies
- Only 15.5% of respondents collaborate with startups, universities and researchers in their innovation planning and activities. Those that do are far more likely to achieve their strategic objectives
“Companies with more mature innovation processes and systems are more likely to outperform their peers. A mature innovation management system is one that plans innovation investments and activities that are aligned with the company’s strategic objectives. Organizations with this mindset and rigor are more likely to achieve superior levels of performance.” – The Study of Product Team Performance and Innovation Processes 2019
The study identifies agile innovation as a top factor contributing to higher performance, with data showing over half of respondents crediting Agile with increasing their product’s profitability. Additionally, Planbox was recently included in Forrester’s Now Tech: Collaborative Work Management Tools, Q2 2020, in which the leading market research firm reports that 66% of global services decision-makers are currently involved in a digital transformation that requires greater agility, noting that organizations are increasingly investing in collaborative tools that increase enterprise-wide agility.
Register for this strategy session and discover how agile innovation enables organizations to achieve higher levels of product team performance and outperform their peers.
Download a complimentary copy of the Study of Product Team Performance and Innovation Processes.
Planbox is the pioneering cloud-based AI-powered agile innovation management platform trusted by some of the world’s most recognized brands, including Blue Cross, Cargill, Caterpillar, Dow Chemical, Exxon Mobil, Honeywell, John Deere, Novartis, Ontario Power Generation, Sun Life Financial, Whirlpool and Verizon, with millions of internal and external users. By leveraging a single system of record for innovation, its clients have built an agile innovation management capability that allows companies to innovate consistently and experiment cost-effectively within its ecosystem of employees, customers, strategic partners, universities, virtual net-works of R&D problem solvers, entrepreneurs and startups. Planbox’s Agile Innovation Management Suite is a modular platform for full lifecycle Innovation Portfolio Management, Emerging Tech Empowerment and Ecosystem Enablement. The AI engine mines your data for insights while your community collaborates to discover, develop and capitalize on the best strategically aligned ideas within your ecosystem of employees, customers, partners, academia and startups. Planbox accelerates business outcomes by pursuing breakthrough innovations, creating a sustainable continuous improvement program, building a framework for corporate venturing and actioning on consumer insights.
About Greg Geracie:
Greg Geracie is a recognized thought leader in the field of product management and the CEO of Actuation Consulting, the world’s leading product management consulting and training organization. Actuation Consulting is a global provider of product management consulting, training, and advisory services to many of the world’s most well-known organizations. Mr. Geracie is also the author of the global bestseller, Take Charge Product Management©, and the Editor-in-Chief of The Guide to the Product Management and Marketing Body of Knowledge©. Greg earned his undergraduate degree from the University of Vermont and continued his executive education at Harvard University, the Massachusetts Institute of Technology (MIT), and the Wharton School.
You can learn more about Greg and Actuation Consulting at www.actuationconsulting.com.