Companies can effectively use the stage-gate development process in their product development operations by dividing the process into different stages, each separated by decision points or "gates". At each gate, a decision is made whether to move forward with the project based on the results of the previous stage. For instance, after the initial idea for a product, a preliminary screening gate is set up. This gate determines whether a product manager wants to proceed with the development process. It's crucial to conduct market research and competitive analysis at this stage before the project proceeds. This process helps in managing risks, making informed decisions, and ensuring that only viable products reach the market.
How do you stay innovative and provide the right values for customers? Effective product development...
Download template