Arthur D. Little has identified six success factors that characterize “cost effective innovators” in the industry:
- Build processes for continuous innovation – beyond the basics
- Be in the forefront of understanding customer needs
- Continuously improve cost efficiency
- Excel in writing and packaging attractive tender offerings
- Build a systems capability and mindset
- Strategic approach to competence management
The true winners are the operators that effectively manage all the six building blocks for success in a structured manner. Arthur D. Little advocates creating an integrated portfolio of the six dimensions above while following a structured roadmap, implementing initiatives to become cost effective innovators and successfully adapting to the changing competitive landscape.
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