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Summary
Summary
Value proposition, an old concept, is taking on new significance in today's innovation-driven environment. Business focus has shifted from developing many creative ideas to developing only those that will successfully flow through the product cycle and fulfill a customer need.
The old approach resulted in less than a 10 percent success rate for concepts that started through the product cycle; this can no longer be tolerated. This new book on value propositions outlines a systematic approach to making an early evaluation of potential projects and programs so you can determine if they can add real value to your organization or its customers--potentially saving you millions of dollars and months of valuable time.
Focusing on the necessary data collection efforts, Maximizing Value Propositions to Increase Project Success Rates will help you identify easy opportunities for improvement and will guide you through the process of creating value propositions for the ideas that will drive the organization's future profits. It outlines a four-stage approach to creating value propositions and explains how to create effective value proposition documents.
The book illustrates the role of the opportunity center in capturing new ideas, describes how to present value propositions to management, and includes an example of a new product value proposition. Detailing a method for continuous review of the improvement process, it will help you foster an entrepreneurial mind-set within your employees and encourage them to actively search and document value-adding ideas.
Through the effective use of value propositions it is completely possible for your organization to increase the number of new products/services it offers to your customers bynbsp;over 100 percent. It is not unusual for this to result in more thannbsp; a 40 percent increase in profits per year.nbsp;Adopting the approach outlined in the text for using value propositions can save your organizations millions of dollars and much time. What could be better than reducing costs while increasing sales?
Author Notes
Dr. H. James Harrington is the chief executive officer of the Harrington Institute, Inc. In the book Tech Trending, Dr. Harrington is referred to as "the quintessential tech trender." The New York Times referred to him as having a "... knack for synthesis and an open mind about packaging his knowledge and experience in new ways--characteristics that may matter more as prerequisites for new-economy success than technical wizardry...." The author, Tom Peters, stated, "I fervently hope that Harrington''s readers will not only benefit from the thoroughness of his effort but will also ''smell'' the fundamental nature of the challenge for change that he mounts." Former President Bill Clinton appointed Dr. Harrington to serve as an Ambassador of Goodwill. It has been said about him, "He writes the books that other consultants use." The Harrington Institute was featured on the half-hour TV program Heartbeat of America, which focuses on outstanding small businesses that make America strong. The host, William Shatner, stated: "You (Dr. Harrington) manage an entrepreneurial company that moves America forward. You are obviously successful."
Dr. Harrington''s present responsibilities include serving as the chairman of the board for a number of businesses as well as the chief executive officer for the Harrington Institute. He is recognized as one of the world leaders in applying performance improvement methodologies to business processes. He has an excellent record of coming into an organization, and working as its CEO or COO, resulting in a major improvement in its financial and quality performance.
In February 2002 Dr. Harrington retired as the COO of Systemcorp A.L.G., the leading supplier of knowledge management and project management software solutions, when Systemcorp was purchased by IBM.
Prior to this, he served as a principal and one of the leaders in the Process Innovation Group at Ernst & Young; he retired from Ernst & Young when it was purchased by Cap Gemini. Dr. Harrington joined Ernst & Young when Ernst & Young purchased Harrington, Hurd & Rieker, a consulting firm that Dr. Harrington started. Before that Dr. Harrington was with IBM for more than 40 years as a senior engineer and project manager.
He is past chairman and past president of the prestigious International Academy for Quality and of the American Society for Quality Control. He is also an active member of the Global Knowledge Economics Council. Dr. Harrington was elected to the honorary level of the International Academy for Quality, which is the highest level of recognition in the quality profession. He is a government-registered Quality Engineer, a Certified Quality and Reliability Engineer by the American Society for Quality Control, and a Permanent Certified Professional Manager by the Institute of Certified Professional Managers. He is a certified Master Six Sigma Black Belt and received the title of Six Sigma Grand Master. Dr. Harrington has an MBA and PhD in engineering management and a BS in electrical engineering.
Additionally, in 2013 he received an honorary degree of Doctor of Philosophy (PhD) from the Sudan Academy of Sciences. Dr. Harrington''s contributions to performance improvement around the world have brought him many honors. He was appointed the honorary advisor to the China Quality Control Association and was elected to the Singapore Productivity Hall of Fame in 1990. He has been named lifetime honorary president of the Asia-Pacific Quality Control Organization and honorary director of the Association Chilean de Control de Calidad.
In 2006 Dr. Harrington accepted the honorary chairman position of the Quality Technology Park of Iran. In addition, he has been elected a Fellow of the American Society for Quality Control (ASQC). In 2008 he was elected to be an Honorary Fellow of the Iran Quality Association and Azerbaijan Quality Association. He was also elected as an honorary member of the quality societies in Taiwan, Argentina, Brazil, Colombia, and Singapore. He is also listed in Who''s Who Worldwide and Men of Distinction Worldwide. He has presented hundreds of papers on performance improvement and organizational management structure at the local, state, national, and international levels.
H. James Harrington has received many awards, among them the Benjamin L. Lubelsky Award, the John Delbert Award, the Administrative Applications Division Silver Anniversary Award, and the Inspection Division Gold Medal Award. In 1996, he received the ASQC''s Lancaster Award in recognition of his international activities. In 2001 he received the Magnolia Award in recognition of the many contributions he has made in improving quality in China. In 2002 H. James Harrington was selected by the European Literati Club to receive a lifetime achievement award at the Literati Award for Excellence ceremony in London. The award was given to honor his excellent literature contributions to the advancement of quality and organizational performance.
Also in 2002 H. James Harrington was awarded the International Academy of Quality President''s Award in recognition of outstanding global leadership in quality and competitiveness and for contributions to IAQ as nominations committee chair, vice president, and chairman. In 2003 H. James Harrington received the Edwards Medal from the American Society for Quality (ASQ). The Edwards Medal is presented to the individual who has demonstrated the most outstanding leadership in the application of modern quality control methods, especially through the organization and administration of such work. In 2004 he received the Distinguished Service Award, which is ASQ''s highest award for service granted by the Society. In 2008 Dr. Harrington was awarded the Sheikh Khalifa Excellence Award (UAE) in recognition of his superior performance as an original Quality and Excellence Guru who helped shape modern quality thinking. In 2009 Harrington was selected as the Professional of the Year (2009). Also in 2009 he received the Hamdan Bin Mohammed e-University Medal. In 2010 the Asian Pacific Quality Organization (APQO) awarded Harrington the APQO President''s Award for his "exemplary leadership." The Australian Organization of Quality NSW''s Board recognized Harrington as "the Global Leader in Performance Improvement Initiatives" in 2010.
In 2011 he was honored to receive the Shanghai Magnolia Special Contributions Award from the Shanghai Association for Quality in recognition of his 25 years of contributing to the advancement of quality in China. This was the first time that this award was given out. In 2012 Harrington received the ASQ Ishikawa Medal for his many contributions in promoting the understanding of process improvement and employee involvement on the human aspects of quality at the local, national, and international levels. Also in 2012, he was awarded the Jack Grayson Award. This award recognizes individuals who have demonstrated outstanding leadership in the application of quality philosophy, methods, and tools in education, healthcare, public service, and not-for-profit organizations.
Harrington also received the A. C. Rosander Award in 2012. This is ASQ Service Quality Division''s highest honor. It is given in recognition of outstanding long-term service and leadership resulting in substantial progress toward the fulfillment of the division''s programs and goals. Additionally in 2012, Harrington was honored by the APQO by being awarded the Armand V. Feigenbaum Lifetime Achievement Medal. This award is given annually to an individual whose relentless pursuit of performance improvement over a minimum of 25 years has distinguished him- or herself for the candidate''s work in promoting the use of quality methodologies and principles within and outside the organization of which he or she is a part.
Dr. Harrington is a very prolific author, publishing hundreds of technical reports and magazine articles. For the past eight years he has published a monthly column in Quality Digest Magazine and is syndicated in five other publications. He has authored 40 books and 10 software packages.
Dr. Brett Trusko , is the president and chief executive officer of the International Association of Innovation Professionals (http://www.iaoip.org). He is also an assistant professor at Texas A&M University. Dr. Trusko has been a thought leader in healthcare, technology, and innovation for the past 15 years. He is also a world-renowned futurist who speaks and writes about trends in most major industries. He has served in positions of leadership advising several governments and large corporations.
The International Association of Innovation Professionals was founded by Dr. Trusko on the belief that all civilizations should be prepared to innovate in an effort to solve the world''s problems. The association organizes, defines, and prepares professionals for certification in innovation in an effort to assure employers that their hires are
