The Law Office Experience
Innovation.net points to a best practices study by The Product Development & Management Association (PDMA) comparing performance and practices of over 400 companies and industries. According to the study (as reported by Innovation.net)
Not surprisingly from the 2004 study,"the best" performers generate 49% of their profits from new products -- more than twice as much as "the rest". Top performers recognize the incremental value that successful new products provide to customers and therefore to the bottom line.
How many new "products" have most professional service providers come up with in the last year? The last decade?