This webinar was recorded on Tuesday, July 12, 2016.
Watch on demand.
In December 2015, Boston Consulting Group ranked the 50 most innovative global companies and isolated key traits associated with success in innovation, two of which are speed and lean innovation:
“Creative functions such as new product development are never 100% efficient, and they involve a certain amount of trial, error, and, inevitably, failure… To overcome these challenges and remain competitive in this dynamic market, companies need a new approach to product development that simultaneously improves quality, enhances speed, and controls costs. As Martin Winterkorn, CEO of Volkswagen, put it recently, ‘It’s no longer all about bigger, higher, further. Now, it’s about being leaner, faster, more efficient.’”
Companies can improve their product’s speed to market by 1) creating and aligning efficient cross-functional teams to simultaneously execute on a shared vision, and 2) employing lean innovation strategies to reduce waste and maximize efficiency. This interactive session will feature case histories and takeaways from Prabodh Mathur, a 25-year medical device development veteran and current Chief Product Development Officer at Axonics Modulation Technologies, and Stuart Karten, President of product innovation consultancy Karten Design, who have designing and developing medical technologies together for more than two decades.
Attendees will discover:
- Insights on creating a highly capable team and communicating a compelling vision that rallies team members around critical product development objectives
- Lean innovation strategies that empower companies to make decisions quickly and expedite product development
- Tools and strategies for successfully aligning cross-functional team members, including R&D, engineering, regulatory, clinical, marketing, design research, and industrial design
Prabodh Mathur, Chief Product Development Officer, Axonics Modulation Technologies
Prabodh Mathur is currently the Chief Product Development Officer at Axonics Modulation Technologies Inc. He has more than 25 years of experience developing complex, innovative, Class III therapeutic medical devices from concept, through design exploration, IP review, engineering, manufacturing transfer, regulatory clearance, and market launch. He has previously led product development efforts for Boston Scientific, Vessix Vascular, Cardiac Science, Medstone International and other companies. Over his career, Mathur has developed products that include an implantable neurostimulator, renal denervation system, catheter-based biopolymer delivery system, fully automatic public-access defibrillator, multi-parameter patient monitor, lithotripter, cryoablation delivery system, industrial high-power carbon dioxide laser and industrial robotic system. Mathur holds an M.S. in Mechanical Engineering from the Missouri University of Science and Technology and a B.S. in Mechanical Engineering from the Indian Institute of Technology in Kanpur, India.
Stuart Karten, Principal, Karten Design
Stuart Karten is President of the award-winning Los Angeles-based product design and innovation consultancy, Karten Design. For 30 years, he has partnered with medical and consumer product companies, ranging from start-ups to Fortune 500 corporations, to build their business through design. Driven by strategic market understanding and deep user empathy, Stuart and his creative team of 30 have helped partners such as CareFusion, Boston Scientific, Baxter, Medtronic, and Johnson & Johnson address some of the medical industry’s biggest challenges, such as enhancing usability, improving patient compliance, and commercializing new technology. He is a graduate of the Rhode Island School of Design and worked for Gould Medical Products, Mattel, and Baxter Medical Products before founding Karten Design.