Product and process development is how new value is created through delivering great products that meet customer needs with profitable value streams. The decisions made in product and process development have an outsized influence across the entire value stream. The faster an individual or organization can learn, the greater the knowledge available is to make better decisions, and/or the quicker decisions can be made. This enables products to get to market faster and start providing customer value.
Indeed, Toyota founder Kiichiro Toyoda said this about the importance of rapid learning: “We are going to build cars. Let’s all learn as much as we can, and work together to create something our customers will buy. My job is the same as yours: to learn as fast as I can.”
LEI Lean Product and Process Development Learning Partner Bose Corporation sees the value in enabling rapid learning and created a “Rapid Prototype Development Center” at its Framingham, Massachusetts headquarters. Its goal was to enable fast and innovative product and concept development. Now LPPD coach Katrina Appell tells the story of the RPDC and the benefits Bose is enjoying from it.
1. How the RPDC is providing Bose with a competitive advantage.
2. How the design of the RPDC enables higher levels of creativity, greater collaboration, and increases employee engagement.
3. Specific examples of the tangible benefits realized through the RPDC.
4. How Bose is learning through the LEI LPPD Learning Group while continuously improving rapid prototyping capabilities.