I have been on a journey to declutter and simplify life for the past several years. I started thinking about all the accumulated junk we had in our house when… Read More
Blog
Failing at Change
Introducing something new to a routine can bring about either positive or negative change. For instance, modifying your daily schedule to include time at the gym can introduce positive, healthy… Read More
Four Elements of Risk in NPD (Part 2)
Last week, we started a two-part series on risk and new product development (NPD). We described, in some detail, uncertainties in the customer and financial realms. In this post, we… Read More
Four Elements of Risk in NPD (Part 1)
Risk is typically viewed as a negative outcome in response to an action taken. In business and innovation, we must take risks to increase revenues and develop new products. However,… Read More
Building NPD Capability During Recession
Today, organizations are under severe restrictions imposed by economic conditions, a tight labor force, and market turbulence. It’s challenging for a business to focus on current operations, let alone the… Read More
Product Development During Recession
Regardless of the government’s official declaration of recession, most people and businesses are feeling intense, negative economic pressures. My monthly grocery bill has soared 30% through the course of this… Read More
Interfacing with Customers in NPD
Product management is a relatively new field where people gather business knowledge to direct development of new products. These are not traditional “people managers” in the sense of direct reporting… Read More
Five Elements of NPD Strategy
New product development (NPD) is typically a complex, but routine, endeavor for most mature companies. Product development and product management begin with the innovation strategy. In turn, the innovation strategy… Read More
Keeping the Team Small
In last week’s post, we discussed who is on a new product development (NPD) team. For example, a working NPD team must include representatives of project management, marketing, engineering, and… Read More
Who is the NPD Team?
In any business endeavor, success depends on the right process as well as the right people. In new product development (NPD), we follow processes (like WAGILE) to minimize investment risk… Read More