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StageGate® helps you implementing best practices in new product development
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StageGate
is a roadmap for driving new product projects from idea to
success.
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StageGate
builds on research into best practices in
product development.
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StageGate is one of the world's most widely
used new product processes. |
StageGate is a process for tranforming an idea to a success launch and a profitable business.
StageGate tranforms proven best practices in practical business process
The StageGate process adheres to the formula for success
The formula for success is available
Over the years, Professor Cooper has analysed over two thousand development
projects. Therefore, we can provide clear, well-documented instructions in
how to achieve success and speed with new products. Successful companies
are better at specific working methods - the so called best practices - that give top results. These practices include:
Superior products with unique customer benefits
True market
orientation Doing the right
homework Precise product
definition early on in the project
Tough go or kill points or
decisions during the process Ensuring availability
of resources for the selected projects Empowered cross-functional teams and project leaders
And more
A well-designed Stage-Gate® process adheres to the formula for
success
The process
works like a checklist to ensure that the formula for success and speed is
applied in every single development project.
A typical process for larger projects
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Idea |
Preliminary investigation |
Business case |
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Develop-ment |
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Test and validation |
Production and full launch |
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Idea screen
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Preliminary approval |
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Project approval |
Review of development result
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Product release
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Review of business results |
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Can your company improve at all?
Perhaps your company already has a formal process. The question is: can it be
improved? You can get a rough idea by asking yourself a couple of
questions about your performance.
Is our success rate for
new products around 80%? Is the majority of our projects completed on time? Do you measure your new-product performance at all?
The results you can expect
By making a determined effort you can
streamline your process and improve your results considerably in
just a year. By implementing a high quality process you will ..
increase your ratio of
successful products increase earnings from
new products shorten the
time-to-market by around 30% increase the ability to comply with development plans
Get more information
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A high quality best practice model
The average success rate new products is 56%. Best practice developers have a success rate of 78%.
Use the law of gravity for new products
Stage-Gate is a systematic way of applying the success principles.
Be careful, however. Many companies have a development system. But important best practices are missing and therefore product development does not generate enough profit. Be sure how to implement the winning principles or best practices are and use them properly.
Stage-Gate® Drives Profit and Growth
Higher profitability
- Higher profitability from your new products.
- Higher success rates.
- More customers are exited and ready to pay a price premium.
Higher speed
- Shorter time from idea to profit.
- More projects on time and budget.
Certain key best practices makes for higher new product performance. Some of them are:
- Products with a superior differential advantage.
- Strong market orientation.
- Solid homework before development begins.
- Sharp product definition before development.
- Tough Go or Kill decision points during development.
- A complete and yet flexible framework with no omissions of error.
- Dedicated and empowered project leader and team.
A high quality Stage-Gate system secures that best practices are built into each and every development project.
©Jens Arleth, 2008
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