Baseline Magazine recently published an article on the Product Development Success Index, the result of a study conducted by 3Pillar Global in association with the Center for Excellence in Service at the University of Maryland’s Robert H. Smith School of Business.
In the article, 3Pillar President and CEO David DeWolf identifies and explains the key takeaways from the study, which has been featured in the implementation of PDSInsights.com. PDSInsights is an educational platform that aims to help organizations identify (and then strengthen) the weak spots in their software product development process.
The study reveals that the most important characteristics in a successful product development company aren’t the hard skills; DeWolf notes that success is more closely linked to the soft skills. The most outstanding and crucial “soft” component is a company’s culture, which must allow “for collaboration, loyalty, and teamwork, as well as discipline” in order to be innovative.
The majority of subjects in the study only made a “C” letter grade in successful strategies. This article explains the general findings and indices of the Product Development Success Index as well as their significance.
MORE FROM 3PILLAR CEO DAVID DEWOLF