Product Innovation Process

Product Innovation Process

Product Innovation Process Latest Discussions

  • Chad McAllister interviewed Katherine Redeka recently on his Everyday Innovator podcast about her new book "High Velocity ...

  • Hi Marcos. I have asked him for the connection. Your research sounds very interesting. Do you have any insights on it ...

  • I am researching on Agile PM for non-software products as part of my academic research. I think it is a very interesting ...

Product Innovation Process Summary

A structured and consistent Product Innovation Process provides an approach for successfully developing new products or making improvements to existing products. The process helps in greatly improving their success probability. Many NPD models such as Stage-Gate®, Integrated Product Development (IPD), Waterfall, Agile, Lean, and Design Thinking have merits in application to specific product situations.

Once any specific model is selected, a PIC (Product Innovation Charter) is prepared- this provides clarity to the entire organization on what a particular innovation is and how it is intended to be carried out. PIC serves as a reference point for the organization for the entire journey of NPD.


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