Strategic new product development

Table of Contents

1. Introduction
   1. Objectives
   2. Learning goals
   3. Teacher page
2. Company strategy
   1. Corporate mission
   2. Business example: Mission
   3. Corporate strategy
   4. Strategic planning process within business units
   5. Business example: strategy
   6. Four examples of new strategies
   7. Exercise: What is your company's strategy?
   8. Summary
3. Introducing the NPD process
   1. Innovation and innovativeness
4. Idea stage: discovery
   1. About ideas and creativity
   2. Sources for new ideas
   3. Four examples of idea generation
   4. Stimulating ideas
   5. Summary
5. Gate 1: Idea screening
6. Stage 1: Scoping
7. Gate 2: Second screening
8. Stage 2: Build the business case
   1. Concept development
   2. Concept testing
   3. Four examples of concepts
9. Gate 3: Go-no go development
10. Stage 3: Development
11. Gate 4: Go-no go testing
12. Stage 4: Testing and validation
13. Gate 5: Go-no go launch
14. Stage 5: Launch
15. Gate 6: Post-launch review
16. Completion
    1. Comments
    2. Self-assessment
    3. Key messages
    4. Further reading
    5. Evaluation

Introduction

Welcome to this learning resource on Strategic New Product Development!

Many companies are struggling with challenges when developing new food products. Why certain products succeed and others fail is often related to the development process.

This learning resource is a general description of the process for new product development (NPD) with implications for the European pork sector.

It includes a description of the importance of developing an innovation strategy and relating to that strategy in the product development process in order to compete more efficiently.

The process is described from idea generation to commercialization, see Figure 1. Also described are the ways in which the product development process and the marketing plan can be integrated, and how the NPD process can be monitored.

Figure 1. New product development process (adapted from Cooper, 1990, 2008, 2009).