Open Innovation and the Stage-Gate Process: A Revised Model for New Product Development
Material type:
- Gro
Item type | Current library | Call number | Status | Date due | Barcode |
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Main Library | Gro (Browse shelf(Opens below)) | Available | AR11992 |
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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