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Create new products or face commercial extinction! Your company must either succeed in developing new products or gradually decline. In five years, 50% of most companies’ sales and profits will derive from products that are not currently on the market. In some sectors, this figure is even as high as 100%. Therefore, your company must launch new products at a steadily increasing rate in order for it to grow and succeed. But the products must be commercially successful. This is easier said than done however. The first seminar day will deal with the factors that differentiate successful projects from fiascos and with how to incorporate these success factors into your project work. The Stage-Gate® process If you are dissatisfied with your development results, then examine the process which generates them. Most companies have serious weaknesses in their development processes. Things do not happen according to plan or on schedule. The Stage-Gate process is based on the success factors. It is a template or road map that leads you from idea to market success. You will see how development people and marketing experts cooperate during the various phases. You also learn about the important gates where management makes the crucial go/kill decisions. Incorporate the “voice of the customer” into your development work! Faulty market information is by far the most frequent cause of product-development fiascos. Customer needs, demands and problems are incorrectly perceived. Sales estimates are unrealistically high and competitors’ strengths and reactions are underestimated. On the second day of the seminar you will learn how to implement product-development customer tests and market studies and how to convert the results into product specifications and realistic project goals. |
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