Innovation:
When the World’s top CEOs are ranking innovation as the number one approach for growth, it’s time to listen. Not only does innovation keep your customers happy, it also reinforces your competitive position, builds barriers through IP, and can present opportunities for cost, quality, and operational excellence too. We can help you bring new products and services to market quickly and efficiently.
Innovation Strategy
Many businesses don’t have an innovation strategy, but without one it’s almost impossible to effectively chart pathways to more profitable growth. So whether its core product development or new-to-world ground breaking innovation, PCRL can help validate NPD value propositions, develop new business models, and define innovation as a core business strategy.
The goal is to ensure that our clients achieve:
- Marketplace differentiation
- A blend of low, medium and high risk (ground breaking) innovations
- A transparent route map to revenue from innovation
Breakthrough innovations
When breakthrough innovations come along, what do you do with them? The team at PCRL have experience in establishing the resources, organisational structure, and processes to ensure those breakthrough innovations progress swiftly. Our legal and intellectual property team will help you develop a suitable framework to define, capture and progress all breakthrough innovations through the appropriate commercialization vehicle (incubators, joint ventures, spin-outs, license, etc).
The goal is to ensure that our clients achieve:
- Continued momentum to breakthrough innovations
- Structured progression under an appropriate legal framework
- High value return on investment
Innovation Road Mapping
No-one knows your business better than you, but often companies have difficulty defining winning strategies simply as a result of being too close, or too involved in the decision making. PCRL’s Road Mapping activity helps clients identify product and service strategies, balance portfolio offerings, define management processes.
The goal is to ensure that our clients achieve:
- A rule-based selection process (based on market intelligence, not personalities)
- A clear route to enhanced growth and profitability
- Improved return on R&D investment
Efficient, Effective, Excellence
With hands on experience of taking over 1000 new products to market in fast-paced highly pressured environments, PCRL staff know how hard it can be to management complex NPD while also driving increased profitability and reduced TTM (Time To Market). Often, the reason for slippage is late changes to, or the complete lack of, a product specification. Having been at the coal face, and managed the journey from art to physical part, PCRL are ideally placed to offer advice on how to reduce development times, improve interdisciplinary team work, increase output (per person), and drive the innovation pipeline.
The goal is to ensure that our clients achieve:
- Faster time-to-market
- Reduced instances of slippage
- Enhanced morale
- Higher revenue and profit per product
UK & International Operations, Factory & Global Sourcing
Having established innovation, R&D, and production footprints in four continents for SMEs and Blue Chips, and with our own outsourced factory operating within the group, PCRL is an ideal choice for advising on international operations, factory and global sourcing. This may be to gain better access to markets, to source local talent, or for cost and tax efficiency purposes. Whatever it is, we can help set up and/or optimise multi-site operations, identify international expansion opportunities, understand cost and tax implications of a new operational strategy, and access new talent.
The goal is to ensure that our clients:
- Have access to the right information at the right time
- Establish new cost efficient operations
- Optimise product development capacity
- Drive output of distributed teams
Digital Integration
PCRL staff have led Digital Integration projects in over 250 businesses. By following our AWAKEN ® model, we helped clients select and implement digital integration solutions, including 3D CAD, Cloud Services, and PLM (product lifecycle management) systems that helped them realise rapid ROI.
We assist our clients to:
- Define a strategy
- Understand their needs
- Align and develop processes with functional requirements
- Implement new systems while managing business as usual
Typically, our digital integration activities deliver a 20:1 GVA (Gross Value Add) over a 24 month period, as well as delivering better visibility of assets, improved quality, more informed decision making, and sustainable ROI on investments.