The document summarizes the Stage-Gate process, which is a method used to manage new product development and innovation projects. It describes the main stages of the process including discovery, screening, scoping, development, testing and validation, launch, and post-launch activities. It also lists some of the goals and benefits of using the Stage-Gate process such as improving quality, focus, market orientation, and cross-functional teamwork.
Results form thediscovery stage: Main purpose is to identify: Unmet needs Profit areas Gaps With this opportunities shape: Major initiatives Research projects Customer solutions New line extensions
Product development AspectsSourcing, Building, Testing Specially-managed plan Timeline development from the team members Frequent reviews of activities Project management tools and software
The negative view of the Stage – Gate™ Process Slow/high overhead “ Form” Kill innovation
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Goals of Stage – Gate™ process Goal 1: Quality of Execution Goal 2: Sharper Focus, Better Project Prioritization Many Small Projects In Few High-Impact Products Out
Goal 5: Cross-FunctionalTeam Approach Goal 6: Product with Unique Benefits Goal 7: A Fast-Paced and Flexible Process
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Benefits of Stage - Gate™ puts discipline in chaotic series of events increases the ratio of successful products shortens the time from idea to profit ensures a complete project enhances teamwork