Archive for the ‘New Product Development’ Category

“Give me a faster horse”

Saturday, July 31st, 2010

modelTHenry Ford once commented that if he’d asked his customers what they wanted they would have replied “Give me a faster horse”.

Sometimes in New Product Development we have to take a Quantum leap in imagination so that we can develop products which no one else has imagined.

“Brainstorming” is one techniques to help that process:-

1) Form a team of maximum 10 people drawn from all levels of the organization.

2) The “Chairperson” should be mid level with no obvious authority.

3) Provide some drinks and snacks to create a relaxed atmosphere.

4) Go round the table asking each one in turn what products they think the Company should be developing.

5) Don’t reject anything at this stage.

6) Don’t criticize anyone else’s contribution.

7) Get someone to list all the contributions on a whiteboard.

8 ) When all contributions are exhausted arrange them into different categories.

9) Vote on the top 5.

In the next post we will explore how to take these ideas forward.

chris@projectsguru.co.uk

www.projectsguru.co.uk.
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“If you don’t know where your going…

Wednesday, June 30th, 2010

product roadmap

product roadmap

any road will take you there.” – Lewis Carroll

To increase the success ratio in New Product Development it is essential that your company has its own New Product Development Roadmap.

This Roadmap highlights the Products your organization intends to develop in the coming years.  These product developments should be based on sound market intelligence, garnered from current customers and taking into account market developments and competitor analysis.

The New Product Roadmap doesn’t just identify market opportunities. It also takes into account the Technologies, Resources, Finances, Production Capacity etc etc so that the whole Organization knows exactly what needs to be put in place so that that the New Products are launched successfully.

The New Product Roadmap needs to be approved at the very top of the Organization. It is a “living document” which should be reviewed on a regular basis and updated as required.

The adoption of a New Product Roadmap clarifies the direction the organization is headed in and ensures that everyone is “singing from the same Hymn sheet”

“If you don’t know where you’re headed any road will take you there”

chris@projectsguru.co.uk

www.projectsguru.co.uk

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