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
Innovation
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
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
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 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
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