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NPD Team

12.29.22 Engineering Management, Innovation, New Product Development

Four Project Risk Factors During a Recession:  Part 4

While the declaration of a recession is dependent on an obscure department of the federal government, most people recognize the signs of an economic downturn.  Dictionary.com defines an economic recession… Read More

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

11.08.22 New Product Development, NPD Process, NPD Teams

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

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

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