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Product Innovation Manager

2 months ago

Monroe, United States La-Z-Boy US Full time

Comfort starts with our 13,000+ team members across the globe, who are transforming the power of comfort every day. Our employees have the power to change lives, in our homes, work and communities. We foster an inclusive environment while honoring a legacy built on family, where everyone can be themselves.
 
If you are ready to join an industry leading organization where our people are the most important asset, and innovation propels us into the future, you’re ready to take your seat at La-Z-Boy Incorporated. 
 
WE BELIEVE IN THE TRANSFORMATIONAL POWER OF COMFORT

Job Summary:

This position leads the strategic development and execution of innovation platforms and projects to create value for consumers across La-Z-Boy, Joybird and total enterprise. The role partners closely with Consumer Insights, R&D, Finance, Supply Chain, Sales/Retail, Merchandising, Marketing, and others – to lead product development initiatives from concept to commercialization. Manages efforts in driving technological and functional advancements within our product lines. Leveraging consumer insights and market trends, this position will guide a talented team in conceptualizing, developing, and bringing to market groundbreaking furniture solutions that exceed consumer expectations.

Job Description:

KEY RESPONSIBILITIES (other duties as assigned):

  • Support Innovation leadership in driving the organization’s innovation vision and strategies​, team and process development and organizational alignment
  • Develop and implement a robust innovation strategy aligned with business objectives, focusing on integrating technological advancements and functional improvements into our product offerings.
  • Explore and leverage emerging technologies (e.g., IoT, sustainable materials, smart functionalities) to enhance product features and create differentiated offerings.
  • Cross-functional leader for product development of the innovation platforms and projects from idea generation to commercialization​ – responsible for consumer insight understanding, concept development and validation, financial business case development, product positioning/link to brand strategy, and collaboration with merchandising and marketing on launch and lifecycle management
  • Partners with consumer insight to define innovation and product development learning plans
  • Utilize market research, customer feedback, consumer insights and trend analysis to identify emerging consumer needs and preferences.
  • Collaborate with all cross-functional teams involved in Product Roadmap o coordinate innovation launch plans for cohesive launch planning
  • Partner with marketing organization on communication and go-to-market planning for innovation launches
  • Partner with merchandising on pricing recommendations and role within current assortment​
  • Lead the management and future development of the LZB Branded licensing business in alignment with Innovation and product strategies.
  • Stay abreast of industry trends, competitor activities, and technological advancements to maintain a competitive edge in the market.
SCOPE & IMPACT: 

Scope includes La-Z-Boy Inc consumer brands La-Z-Boy and Joybird, including initiatives that benefit the International business. Cross-functional leadership and collaboration across Consumer Insights, R&D, Manufacturing, Marketing, Merchandising and Finance required. Innovation will impact our brand health and reputation, drive traffic to stores and ultimately accelerate growth for the portfolio. 75%+ focus on LZB Brand and up to 25% on Joybird/enterprise initiatives.

MINIMUM REQUIREMENTS: 
  • Bachelor’s degree in Design, Marketing, Merchandising or related field with 6-8 years of relevant experience, or equivalent.
  • Experience in consumer centric product marketing or product development from idea creation to product lifecycle management   
  • 3-5 years of Supervisory/Leadership experience or equivalent
  • Strategic thinking mentality with a creative mindset and a passion for pushing boundaries in product design and technology
  • The ability to understand broader implications & explore all paths towards an objective
  • Experience in leading cross-functional teams; skilled at driving change and finding common solutions across organizations
  • Knowledge of product development principles and project management methodologies
  • Computer proficiency and experience with Excel, Word, Outlook, PowerPoint & Project. 
  • Strong project management and organizational skills, including the ability to handle multiple projects simultaneously for different audiences and retail channels. 
  • Excellent verbal and written communication skills, with skill in collaboration and teamwork.
  • Proactive, self-starter with previous work experience in fast paced environment with proven ability to execute on-deadline, and on-quality.
  • Travel required up to 25% - this role will be based in Monroe, MI with frequent travel (monthly average) to the Innovation Center in Dayton, TN
PREFERRED REQUIREMENTS: 
  • MBA or Masters in related field
  • Experience or extensive knowledge of the Furniture industry

SUPERVISORY RESPONSIBILITIES: None

PHYSICAL DEMANDS/WORK ENVIRONMENT:
Office environment/no specific or unusual physical environmental demands.
OTHER DUTIES:  Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the incumbent for this job.  Duties, responsibilities and activities may change at any time with or without notice.

Weekly Hours:

40

Work Shift:

First Shift (United States of America)