OBSTACLES TO PRODUCT INNOVATION

For Japanese firms, the greatest barriers to product innovation are poorly communicated objectives for new products and insufficient attention to product specifications to meet customer requirements, according to a survey by Arthur D. Little, a consulting firm.

The survey - of 701 firms from Japan, Europe, and the United States - also found that lack of skilled leaders is the No. 1 reason hindering product innovation for both European and US firms. Japanese managers, according to the survey, devote more effort to product innovation than their American or European counterparts.

Share this story:

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK