Wayne Mackey
- 20 years of hands-on management of large engineering, manufacturing, and procurement organizations focusing on product/service development, especially in areas of collaborative design, metrics, supply chain management, and business strategy implementation
- Clients include Fortune 500 companies, major universities (Stanford, MIT, Carnegie-Mellon University), and government agencies in product development, supply chain management, and rapidly implementing enterprise-wide change
- All 7 Best Practices
- Pre-Meeting Discovery Process
- One-on-One Call with Expert
- Meeting Summary Report
- Post-Meeting Engagement
Innovation Metrics
Defined Terms
- Crowdsourcing
The practice of obtaining needed services, ideas or content by soliciting contributions from a large group of people, and especially from an online community.
- Dashboard
Metrics dashboards enhance decision-making by providing managers with a visual display that reports the key measures and performance indicators. It allows managers to assess the health of projects at a glance.
- Design Responsiveness
A measure of how fast an organization can respond to new information or circumstances and incorporate it into an innovative new product.
- Information Turns
Information turns measures how fast information moves through an organization.
- Open innovation
Refers to developing products from outside as well from inside a company. Implies co-development of the product usually in a shared risk and reward relationship.
- Staffing Ratio
A staffing ratio is the number of personnel in one function divided by the number of personnel in another. In product development, the base number used to calculate the ratios is often the headcount of design engineers. The numbers of personnel in other functions are compared with design engineers in order to measure the balance of human resources on the team.