Understanding Stage-Gate-Model at HelpWithAssignment.com


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Understanding Stage-Gate-Model at HelpWithAssignment.com

  1. 1. Understanding Stage-Gate Model at HelpWithAssignment.com<br />www.HelpWithAssignment.com<br />
  2. 2. Stage-Gate is a product innovation process which is a carefully designed business process. <br />The need for a process like Stage-Gate process is more than obvious from the fact that in many organizations, the research teams come up with new product ideas every now and then. <br />Stage-Gate Model<br />www.HelpWithAssignment.com<br />
  3. 3. In order that an idea actually transforms into a product or service is totally dependent on the workability of the idea itself. <br />If the idea is practical then there is a chance of resource allocation needed for the development of that particular idea into a product. <br />Stage-Gate Model<br />www.HelpWithAssignment.com<br />
  4. 4. More often, the ideas are dropped halfway through the development process resulting in losses for investing in the development.<br />Stage-Gate Model<br />www.HelpWithAssignment.com<br />
  5. 5. Stage-Gate Model on the other hand helps to asses the idea for its workability, avoiding costs in the process. <br />So, organizations can choose between n number of ideas and work on those which really have the potential to become good products.<br />Stage-Gate Model<br />www.HelpWithAssignment.com<br />
  6. 6. Stage-Gate Process divides the product or service development process into predetermined set of stages. <br />This provides a structure to the creative process and serves to improve the decision-making process. <br />Stage-Gate Process<br />www.HelpWithAssignment.com<br />
  7. 7. Each stage consists of a set of prescribed, cross-functional and parallel activities and each gate precedes each stage and serves as the quality control point and the Go/Kill check point. <br />Stage-Gate ProcessGo/Kill Check Point<br />www.HelpWithAssignment.com<br />
  8. 8. An example for the Stage-Gate process can be shown in a drug development scenario. <br />In drug development, the regulatory requirements function as the stage-gates. <br />What are Stage-Gates?<br />www.HelpWithAssignment.com<br />
  9. 9. If a drug candidate fails a clinical test or a preclinical test, then the development has to be terminated as the Food and Drug Administration. <br />And a drug cannot be sold without its approval.<br />Stage-Gates are Filters<br />www.HelpWithAssignment.com<br />
  10. 10. www.HelpWithAssignment.com<br />
  11. 11. Typically a stage-gate model typically has five stages. Sometimes there are several sub-stages in each stage depending upon the complexity of the product. <br />Stage 1: Initial investigation of the project.<br />Stage-Gate Process Explained<br />www.HelpWithAssignment.com<br />
  12. 12. Stage 2: Detailed investigation of the project. At this stage a business case of the project should be created which includes defining the product, the business jurisdiction and a detailed plan of action for the next stages.<br />Stage-Gate Process Contd<br />www.HelpWithAssignment.com<br />
  13. 13. Stage 3: Advanced design and development. It is important to define manufacturing and operating and operating process, marketing launch strategy, and test plans for the next stage.<br />Stage-Gate Process Contd<br />www.HelpWithAssignment.com<br />
  14. 14. Stage 4: Testing and Validation. The product is carefully verified and plans for marketing and production are made.<br />Stage 5: Launch and full-commercialization, production, marketing and selling takes place. <br />Stage-Gate Process Contd<br />www.HelpWithAssignment.com<br />
  15. 15. Each stage costs more than the preceding stage and so stages are based on incremental commitment. <br />Each stage aims at reducing uncertainties, although the expenditures of each stage increase. <br />The Go/Kill decisions and prioritization points serve as quality control checkpoints.<br />Stage-Gate Explanation in detail<br />www.HelpWithAssignment.com<br />
  16. 16. To use the stage-gate process requires sufficient cross-functional teams and people willing to support each other and above all it requires an effective gate-keeping group. <br />For large organizations managers with resource allocation authority can act as gate-keepers.<br />Stage-Gate Explanation in detail<br />www.HelpWithAssignment.com<br />
  17. 17. For more details you can visit http://www.helpwithassignment.com/marketing-assignment-help and http://www.helpwiththesis.com. <br />HelpWithAssignment.com<br />www.HelpWithAssignment.com<br />