Product Development

Product Development

Umbrex is pleased to welcome Rob Mann with MilestonCVC.

Having worked across the globe, Rob has over 20 years of consulting and industry experience focused on growth and innovation, product development and related operations. He previously worked at McKinsey as a Senior Expert in Product Development & Design. He led North Highland‘s Growth & Innovation Practice which became an ALM Top 10 practice under his leadership. While working at PwC (PRTM), SapientRazorfish and Kearney, his work entailed growth and innovation, digital enablement, and strategic sourcing. In addition to advisory services, approximately half of his consulting career entails interim management roles where he’s conceived, developed and launched new products and businesses for mature brands and start-up companies.

Along with his consulting work, Rob taught in the Marketing Department at the Wharton School for nearly 20 years, where he served as the Director of Consulting and Strategy in Wharton’s GCP. He was the Global Conference Chairman for the Product Development and Management Association where he led events and seminars. Known for immersive consulting experiences mixing fun and learning, Rob is a sought-out mentor enjoying long, deep developmental relationships with trusted clients, colleagues and students. Rob travels the globe with his family, enjoys baseball, teaches Bourbon design/development and is an avid hiker.

 

Rahul Bhargava takes a look at thriving startups and shares the key factors that led to their success. 

Recently, one of the startups I am working with, asked to ‘decode’ a post by Michael Stewart he had read about success factors for a startup. This post itself was a further assessment based on the TED talk by Bill Gross, founder of Idealab, given in March, 2015 on the topic. The talk and further assessment by Michael assessed 5 factors for startup success – Ideas, Business Model, Team, Funding and Timing – and gave verdict on Timing as the most important success factor amongst these.

To assess the impact of Timing, Bill asked the following questions (not exhaustive) from 100 Ideallab companies and 100 non-Idealab companies: Is the idea too early?  Is the world not ready for it?  Is too much education of the customer required? Or is it too late, giving the competition too much time to be competitive?

The question asked from me was – How do we decide if the timing is right for our startup? I shared with them a version and then thought of taking it to a wider audience for inputs.

Overall, a large number of factors that influence a startup could be taken care off by the other 4 parameters (Funding, Team, Idea or Business Model). I believe that those factors that are not completely under your control, are the ones to be considered under Timing.

 

Key points include:

  • Product development
  • Customer acceptance
  • Scale up requirements

 

Read the full post, Decoding the biggest success factor for Startups, on LinkedIn.

 

Umbrex is pleased to welcome Wayne Patten with Innovation Strategies. Wayne has over 30 years of experience in consulting to senior leadership in companies of all sizes. In 2000, Mr. Patten founded Innovation Strategies, LLC to focus on helping clients achieve significant organic growth and operational excellence. Prior to founding Innovation Strategies, he co-founded Prism Consulting International, and helped grow the firm to over 25 consultants. He also worked as a strategy consultant for Booz-Allen & Hamilton.

Mr. Patten has served clients in a wide range of industries, including industrial and building product manufacturers, financial services companies, and healthcare service providers. His expertise includes growth and technology strategy planning, strategy implementation, and business process redesign / re-engineering to improve operations, product development, and pricing. Prior to his consulting career, he worked as an electrical design engineer for a contractor to the U.S. Department of Defense.

Mr. Patten is married with three adult children and lives in Northern Virginia. He would welcome the opportunity to collaborate on projects where his expertise and experience can add value to clients large or small.

Umbrex is pleased to welcome Christoph Traxler with Dr. Traxler Consulting.  Chris has more than 15 years experience as an executive board member within Centrotec, a European group of companies active in many fields including medical technology/ in-vitro-diagnostics, precision engineering, HVAC, solar and plastics technology. Centrotec has 600m revenues, is publicly listed at the Frankfurt stock exchange, but majority-owned by a family, so Chris also knows the world of a family office.

Before Centrotec Chris spent four years at McKinsey as associate and engagement manager, with an industry focus on banks and utilities, and a functional focus on corporate finance & strategy. Projects he has worked on range from M&A via restructuring to risk management, usually with some analytical problem at its core.

Chris has studied theoretical physics and mathematics obtained his Ph.D. (in German “Dr.”) at Giessen university. His love of science and technology remained unchanged throughout his management career, in his free time he likes to look into new trends such as deep learning, 3D printing or smart home.

During his studies, he was advising a finance portal on financial derivatives calculations.

Chris lives in Fulda, Germany, which is a very central location between Frankfurt, Wurzburg, Kassel, Giessen and Erfurt.

Umbrex is pleased to welcome Suheb Ahmad with Digital. Suheb is an entrepreneur and an ex-BCG consultant. He was one of the few associate consultants hired specifically for digital practice in BCG. He is particularly good at building long-lasting client relationships and has a knack for product development and problem-solving.  With over 4+ years of experience and his background, surely sets him apart from others.

Umbrex is pleased to welcome Gennadiy Goldenshteyn with First Principles. Gennadiy Goldenshteyn is leveraging almost 20 years consulting and progressive line leadership experience to launch his own consulting firm, First Principles, in September 2019. First Principles breaks down seemingly complex strategy and operations problems down to their foundational basics (i.e., first principles) and creates implementation programs to systemically drive improvement. Areas of Gennadiy’s expertise include:

  • Product-driven and customer-focused innovation and growth strategy, based on principles of Design-to-Value and Design Thinking
  • End-to-end product development
  • Lean operations
  • Business process optimization
  • Transformational program design and implementation
  • Fractional/Interim C-suite services (Product, Operations, Innovation/Technology)

Gennadiy brings world class consulting experience from his years with McKinsey Operations practice, including helping build McKinsey’s Product Development sub-practice. Furthermore, he has held positions of increasing leadership responsibility with Ford Motor Company, United Technologies (UTC) Aerospace Systems, Yum! Brands, and Welbilt Corporation.

Gennadiy serves companies of all sizes and all life stages – from start-ups (both seed and growth stage) to small-and-medium-sized businesses in need of expert support, and established industry leaders looking to reinvigorate their operations. While Gennadiy has successfully served clients across multiple sectors, he has particularly deep expertise in Industrial Machinery, Consumer Durable Goods, Foodservice, CPG, and Automotive.