PD fallacy #9: products are static

Humans love to think in terms of absolutes. We like to set a target, work really hard toward it and have the illusion that when we reach it all our troubles will be gone and we’ll be in a state of permanent bliss. For instance, sports competitions have a very clear target and those of … Read more

PD fallacy #8: the bill of materials has the highest priority

Traditional companies building products including mechanics, electronics and software tend to focus on the bill of materials (BOM), standard unit cost (SUC) or some other KPI tracking the per-product instance cost during manufacturing. When manufacturing large numbers of the same product for extended periods, this makes perfect sense as every penny saved is multiplied over … Read more

PD fallacy #4: innovation means latest technology

Few words in industry have such an overloaded meaning as the term “innovation.” Innovation and all its derivatives, like being innovative, in many contexts simply mean “good.” The underlying idea is that we like new and different, and an innovation will provide that. In product development, innovation almost always refers to introducing a new technology … Read more

2023: prediction is hard, but …

The baseball player, Yogi Berra, famously said “Prediction is hard. Especially about the future.” That is of course entirely correct. Who of us predicted the COVID pandemic or the way the stock market tanked in 2022? Of course, there are always doomsayers who continuously predict these things, but they are right in the way a … Read more

Reflecting on 2022

As 2022 is moving towards its end and this post is supposed to come out on Christmas day, I felt it might be worthwhile to share some of my reflections on 2022. In many ways, it has been a bit of a strange year in my view in that we on the one hand moved … Read more