Open Innovation and the Stage-Gate Process: A Revised Model for New Product Development

By: Material type: ArticleArticleLanguage: ENG Series: ; 52Publication details: Spring 2010 0Edition: 3Description: 106-131 PpSubject(s): DDC classification:
  •  Gro
Online resources: Summary: The article discusses approaches to new product development, recommending a combination of open innovation and the stage-gate model. The open stage-gate method is said to facilitate the import and export of technologies and information, while enhancing the ability of gatekeepers to monitor the status of a firm's business model and core competencies. An example is provided using a firm involved in the oil and gas industry. The results of a series of structured interviews with engineers, managers and senior executives are presented, and a comparison of existing new product development protocols with the open stage-gate model is provided.
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The article discusses approaches to new product development, recommending a combination of open innovation and the stage-gate model. The open stage-gate method is said to facilitate the import and export of technologies and information, while enhancing the ability of gatekeepers to monitor the status of a firm's business model and core competencies. An example is provided using a firm involved in the oil and gas industry. The results of a series of structured interviews with engineers, managers and senior executives are presented, and a comparison of existing new product development protocols with the open stage-gate model is provided.

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