TEI 043: Metrics for New Product Development

Global Product Management Talk is pleased to bring you episode 043 of... The Everyday Innovator with host Chad McAllister, PhD. The podcast is all about helping people involved in innovation and managing products become more successful, grow their careers, and STANDOUT from their peers. About Our Guest: Allan Anderson was a keynote speaker at the 2015 Product Innovation Management conference. For the past 20+ years he has been refining his skills in product development and change management, gaining three perspectives as practitioner, academic, and c-level leader in companies. He earned a PhD in Product Development from Massey University in New Zealand, where he is also a professor. There’s been a tendency for companies to adopt a product development process found in books or provided by a consultant without really understanding why the process was chosen and considering if it is best suited to them. Allan refers to this as a paint-by-numbers approach. Instead, he encourages companies to develop processes that are specifically created for their culture, structure, and needs. Organizations should develop their own product development process built around a model with three components: (1) do the right things – choose the right products to work on with the right focus for the organization, (2) do the right things right – choose the processes and practices that are appropriate for what you wish to achieve and measure their success, and (3) create a culture and working environment that helps you to be successful. The key objective is learning what works for the organization.