Oliver Wyman's Global Automotive Practice has a track record of successful innovation improvement projects for both suppliers and OEMs.
Based on our broad project experience in helping OEMs and suppliers improve their R&D management, Oliver Wyman offers five consulting services that cover most of the challenges that the auto industry encounters in innovation management.
Innovation strategy
This in-depth consulting program analyzes your entire R&D organization, market trends, your competitive position, your technology portfolio, and major strengths and weaknesses. Based on our “Innovation Strategy Framework,” we identify the key levers that will enhance your innovation strengths. As a result, you will have a clear guideline about your future innovation highlights and potential blockbusters, and an organization that will implement a sustainable innovation strategy.
Innovation acquisition and divestment
With more than 50 automotive M&A transactions in five years, Oliver Wyman is the leading management consultancy for acquisitions and divestments in the motor-vehicle industry. We identify acquisition targets that significantly improve your innovation strength. We prepare and manage the entire M&A deal and make sure that the postmerger integration succeeds. Our high value divestment methodology ensures that you get a maximum return in case you are selling off technologies.
Customer-driven innovation
In-depth analysis of specific innovation projects with respect to market success and overall value for your company. We help create a detailed understanding of key customer requirements, product features, price elasticity, competitive dynamics, and the demand for your innovation. Customer-driven innovation helps you evaluate the success and profitability of your R&D projects years before market introduction.
R&D excellence
This Oliver Wyman program helps you improve the competence level of your R&D department while reducing overall costs. In a joint effort with your R&D managers, we streamline your engineering organization, enabling it to become both more effective and efficient in all of your R&D processes. Our benchmarking database helps us identify the biggest improvement levers to build an excellent R&D organization.
Rapid innovation improvement
Within six weeks, we identify the key areas of needed improvements in your R&D program. We make recommendations that will quickly fix major weaknesses and will help you save money.