New product development (NPD) is the art and science of converting nascent ideas into commercial products and services that deliver value to the consumer as well as the producer. We… Read More
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Rules for Collaborative, Creative Teams
I am not a big fan of rules. I suppose it’s because my mother had a lot of rules while I was growing up. Some of them, in retrospect, were… Read More
Risk and Uncertainty in Product Development
Risk is kind of a negative word. We usually associate risk with bad things happening. We feel relieved if we have taken a risk and everything turns out okay. Companies… Read More
Managing Exceptions in Product Development
I recently had the privilege of speaking at the Houston PMI Annual Conference. (Check out some of the other awesome speakers and event info here.) It was really terrific to… Read More
Managing Time and Hybrid Project Schedules
I believe that time is our most precious resource. Once it is spent, it cannot ever be recovered or replaced. A minute of laziness and sloth-like behavior may cost 10 minutes… Read More
What is a Hybrid Process for New Product Development? (Part 4)
They say you innovate or die. Businesses must constantly innovate, develop new products, and engage customers to sustain profitability. Of course, new product development (NPD) relies on a mix of… Read More
What is a Hybrid Process for New Product Development? (Part 3)
New product development (NPD) involves business and technical uncertainties. Sometimes, we know the markets well and can anticipate customer needs. In other instances, new technologies emerge, and we learn to… Read More
What is a Hybrid Process for New Product Development? (Part 2)
Many firms rightly believe that new product development (NPD) is the key to long-term success. Companies must release new products to stay relevant in the market and to meet changing… Read More
What is a Hybrid Process for New Product Development? (Part 1)
New product development (NPD) is necessary for any organization to survive long-term. Products naturally go through a life cycle and consumers adopt new technologies, displacing aging products. Likewise, markets transition… Read More
Managing Product Development Risk
Most organizations are risk-averse. No one likes throwing away money for no good reason and no one enjoys failing. Yet, risk is a part of life, especially a part of… Read More
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