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Innovation

11.08.22 Innovation, New Product Development, NPD Process, NPD Teams

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

10.26.22 Innovation, Leadership, New Product Development, NPD Process

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

10.26.22 Innovation, New Product Development, NPD Process, NPD Teams

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

10.17.22 Innovation, Market Research, New Product Development

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

10.05.22 Innovation, New Product Development, Strategy

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

08.25.22 Innovation, Leadership, New Product Development, NPD Teams

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

08.11.22 Innovation, Leadership, New Product Development, NPD Process, Project Management

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

07.06.22 Engineering Management, Innovation, Leadership, New Product Development

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

06.16.22 Innovation, New Product Development, NPD Process

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

06.08.22 Innovation, Leadership, New Product Development, NPD Process

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

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