Small Fry Finish Faster
Davids beat Goliaths at turning out new products, says a study by the Product Development & Management Assn. (PDMA). Small companies create products faster (23 months vs. 30) and have more successful products (62% vs. 58%) than big ones. That's good, as innovations are also more important to small companies, accounting for 38% of sales (vs. 27%) and 36% of profits (vs. 24%). But the process is often haphazard, and formal procedures can help identify lemons sooner. For more info, see PDMA's Web site (pdma.org).
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Morgan Stanley Says Stock Slide Was Appetizer for Real Deal
- U.S. Stocks Fall With Treasuries, Dollar Climbs: Markets Wrap
- ‘No Cash’ Signs Everywhere Has Sweden Worried It’s Gone Too Far
- U.S. Pays Up to Auction $179 Billion of Debt in a Span of Hours
- Florida Teachers’ Pension Fund Invested in Maker of School Massacre Gun