A Framework for successful new product development
Abstract: Purpose: The purpose
of this paper is to propose a framework of critical success factors, metrics,
and tools and techniques for implementing metrics for each stage of the new
product development (NPD) process.
Design/methodology/approach: To achieve this objective, a literature
review was undertaken to investigate decades of studies on NPD success and how
it can be achieved. These studies were scanned for common factors for firms
that enjoyed success of new products on the market.
Findings: The paper summarizes NPD success factors, suggests metrics that
should be used to measure these factors, and proposes tools and techniques to
make use of these metrics. This was done for each stage of the NPD process, and
brought together in a framework that the authors propose should be followed for
complex NPD projects.
Research limitations/implications: Several different research directions
could provide additional useful information both to firms finding critical
success factors (CSF) and measuring product development success as well as to
academics performing research in this area. The main research opportunity
exists in implementing or testing the proposed framework.
Practical implications: The framework can be followed by managers of
complex NPD projects to ensure success.
Originality/value: While many studies have been conducted on critical
success factors for NPD, these studies tend to be fragmented and focus on one
or a few phases of the NPD process. To the authors’ knowledge, this is the
first time a framework that synthesizes these studies into a single framework.
Author: Nadia Bhuiyan
Journal Code: jptindustrigg110031
Artikel Terkait :
Jp Teknik Industri gg 2011
- Sustainable practices in urban freight distribution in Bilbao
- Structuring requirements as necessary premise for customer-oriented development of complex products: A generic approach
- Assessing the impact on optimal production capacities in a closed-loop logistics system of the assumption that returns are stochastically independent of sales
- Design of demand driven return supply chain for high-tech products
- Alternative tools to mass production and human performance indicators in sheltered work centers of Valencian community (Spain)
- Remanufacturing in automotive industry: Challenges and limitations
- Universal design of workplaces through the use of Poka-Yokes: Case study and implications
- A methodological approach for designing and sequencing product families in Reconfigurable Disassembly Systems
- A Multi-objective model for selection of projects to finance new enterprise SMEs in Colombia
- Designing and implementation of an intelligent manufacturing system
- Towards reducing traffic congestion using cooperative adaptive cruise control on a freeway with a ramp
- Use of computers and applications by senior executives
- Scheduling of a computer integrated manufacturing system: A simulation study
- What do information reuse and automated processing require in engineering design? Semantic process
- Reverse Logistics: RFID the key to optimality
- Integrated methodological frameworks for modelling agent-based advanced supply chain planning systems: A systematic literature review
- A freshmen mentoring program at the Universitat Politècnica de València over the period 2000-2010
- Practical experience in teaching inventory management with Edublogs
- Competencies and skills for future Industrial Engineers defined in Spanish degrees
- Active learning in Operations Management: interactive multimedia software for teaching JIT/Lean Production
- On the exact calculation of the mean stock level in the base stock periodic review policy
- Exploring technology acceptance for mobile services
- Managing the IE (Industrial Engineering) Mindset: A quantitative investigation of Toyota’s practical thinking shared among employees
- Project-based learning used for teaching electrical installations and lighting installations in architecture