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Success Factors in New Product Development

In: Strategic New Product Development for the Global Economy

Author

Listed:
  • Toyohiro Kono
  • Leonard Lynn

Abstract

Each new product is unique, and no two new products are developed in quite the same way. Part of the challenge for those involved in managing NPD is finding commonalities that make it possible to learn from their own experiences and those of others. In Chapter 3 we described how different processes should be used, depending on whether the new product is technology intensive, market intensive where consumer preferences are stable, or market intensive where consumer preferences are highly dynamic. The development of a new drug or copying Figure 12.1 Success factors in new product development machine should be approached very differently from the development of a new mayonnaise or a new line of women’s clothing. But, even though there are major differences in new product processes, certain success factors are generally applicable. These factors, and how they fit together, are shown schematically in Figure 12.1.

Suggested Citation

  • Toyohiro Kono & Leonard Lynn, 2007. "Success Factors in New Product Development," Palgrave Macmillan Books, in: Strategic New Product Development for the Global Economy, chapter 12, pages 224-233, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59938-3_12
    DOI: 10.1057/9780230599383_12
    as

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