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Richard Tait, Ph.D. is a principal of M. Arthur Consulting Group and a practice area head of New Product Development & Management. Dr. Tait has worked in the field of consulting for nine years and was employed by the DuPont Company for more than 20 years. He has served in management positions of responsibility with DuPont in R&D, Operations Management, and fundamental Materials Research within the Chemical Industry. He received a B.S. degree in Physics from University of Virginia and a Ph.D. in Physics from Cornell University.
His broad management background includes hands-on consulting experience in Creativity Management, Product Innovation, New Business Development, and Corporate Venturing. Dr. Tait has successfully assisted Clients in the development & implementation of high-impact processes to achieve critical business growth and renewal objectives. Specifically, his accomplishments include:
Product Innovation
· Facilitated/supported full-scale implementation of
new product and process "best practices" in a major global explosives
company
· Helped lead a multi-year corporate effort to restructure
DuPont’s approach to new product development
· Developed an extensive data-base of product innovation
case studies and benchmark analyses
· This provided a foundation for building
internal DuPont best practice capability
New Business Development
· Resourced business development initiatives
for small US-based companies
· Established and led the new business development
(NBD) consulting practice for DuPont’s Consulting for Business Improvement
(CBI) group
· Built CBI competency to manage NBD
from concept to commercialization
· Facilitated implementation of structured
processes in several DuPont SBUs
· Managed DuPont’s $500K/yr. internal $eed money
program - funded initiatives now delivering $30-40 M/yr. in new revenues
and cost savings
Corporate Venturing
· Built key functioning capabilities and operational
processes for DuPont’s Asia Pacific Venture Support Team
· This
Process was used on 30+ projects with investment of over $1 Billion
· Provided hands-on consulting support to more than
two dozen DuPont Venture Teams world-wide
· Projected
NPV of supported projects exceeded $ 500 M
Creativity Management
· Founding member of DuPont Center for Creativity &
Innovation
· Certified/experienced facilitator for "Bottom
Line Innovation"® and Kirton Adaption Innovation® Profiling
· Co-developed "Institute for Inventive Thinking"
for National Inventors Hall of Fame
Dr. Tait has has also published a number of papers related to his area of expertise. A sample of the more recent publications includes:
"The Sponsorship Process to Strengthen Innovation", R&D Innovator, November 1996, p. 10
"Innovation: Taking Ideas to Market", in Total Creativity in Business and Industry: Roadmap to Building a More Innovative Organization,D. Tanner (1997)
Dr. Tait has been a featured speaker to TEC ("The Executive Committee") groups, which is a professional association comprising CEOs & business leaders which meets regularly to discuss executive level issues amongst peers. He has also written speeches for DuPont Senior Management and has produced and edited a DuPont corporate videotape on "China Venturing: What It Takes To Win."
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