New Product Development Process
Many companies have achieved significant reductions in time-to-market and product costs by implementing a new product development process that is comprehensive and focuses attention on the entire process, from idea generation to launch.
At Catalyst, we work with our clients to implement a systematic, four-step product development process based Dr. Robert Cooper’s renowned Stage-Gate® methodology. Stage-Gate® was originally developed based on the research and analysis of 500 companies and 2,000 new product projects.
As with Stage-Gate, Catalyst’s success rate of new products can increase by 10 – 30%, and time-to-market is often reduced by 30% or more. In addition, companies experience fewer new product failures; improved focus and allocation of resources; a faster development process and more successful new products.
Benefits
- Achieve significant reductions in time-to-market
- Minimize project risk and reduce product development costs
- Achieve new product target cost, quality and performance on a consistent basis
Next Steps
Connie Palucka is a Senior Market Development Consultant on staff at Catalyst Connection. She has more than 20 years experience working for top manufacturing companies in development and strategic planning.
Click Here to learn more about Connie or email her directly at cpalucka@catalystconnection.org.
Connie is teaching a one-day course on Lean Product Development on Thursday, January 21, 2010.
Click Here to learn more about the class and register.