Peter Sherman  |  11/17/2008

Peter Sherman’s picture

Bio

Innovation Template

Creating a sustainable innovation process

Innovation Template

  Owner: ______________
 Date Submitted: ________________

New Product/Service Name: _____________________

Description: (what it is, how it works, how we monetize it):

Market Opportunity (Target market, market size, growth rate, projected capture rate):

Strategic Fit (in terms of driving growth, customer retention):

Feasibility (effort required to launch, does technology exist or not, time-to-market):

Preliminary Financial Projections (rough order of magnitude)

Financial Category

Year 1
$000s

Year 2
 $000s

Year 3      $000s

Total      $000s

Incremental Revenue/Savings

 

 

 

 

Capital

 

 

 

 

Expense

 

 

 

 

Operating Income (EBITDA)

 

 

 

 

Comments (warrants proof of concept to validate, partnering could jump start it, etc.):

Discuss

About The Author

Peter Sherman’s picture

Peter Sherman

Peter J. Sherman is a Certified Lean Six Sigma Master Black Belt and Certified Quality Engineer. He has 22 years experience, including serving as Sr. Black Belt for AT&T’s Product Development Group. He began his career in quality and process improvement working in Japan as a visiting M.I.T. scholar from 1986 to 1987. In Japan he was privileged to work with Dr. W. Edwards Deming and learn firsthand such quality practices as The Toyota Production System, Kaizen and quality circles. Sherman has led Six Sigma initiatives across the entire value chain, including product development, sales, fulfillment, installation, customer support, and billing. Sherman is lead Instructor at Emory University’s Six Sigma Program in Atlanta, Georgia, and has been published in iSixSigma, Quality Progress, Quality Digest, Hospitals & Health Networks, and Solutions (Supplement to Journal of Financial Planning). He holds a Master’s Degree in Engineering from M.I.T. and an MBA from Georgia State University and is a member of the ASQ and ISSSP.

You can create content!

  • Classifieds
  • File Share
  • Forum Topic
  • Events
  • Links

Sign In to get started!

Quality Information