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The CEO and New Product Development

Lassen Scientific

"You Need a Champion"
The Leadership Factor

"You Need a Champion"

When the time comes for your business to develop a new product, you might think the involvement of a dedicated project team is enough to handle the task. According to TEC new product development expert Mitch Goozé, it's not.

"Without a focal point within the organization, it's difficult for a new product to get the level of attention it needs to be successful," Goozé says. "There has to be a product champion who's intimately involved with the process and ready to play a major coordinating role between designers, production and marketing."

Above all, the product champion acts as the voice of your eventual customer.

Fellow new product expert Nick Webb strongly agrees. "If not the CEO, there should be a person in a senior executive position able to devote the needed time and resources to advocate for the new product development process. This helps ensure that different organizational functions work together towards the same goal and that launch mechanisms and market resources are sufficient to meet long-range objectives."

"New products always mean change," Goozé says. "A senior-level champion -- usually not the originator of the new product idea, since he or she won't be considered a credible representative -- has the power to move obstacles to change aside and keep the process moving forward."

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Additional Resources

Below are links to more best practices as defined by our expert panel:

New Product Development: An Overview
Where Do New Ideas Come From?
The Voice of the Customer
New Product Strategy
New Product Development Process
New Product Launch
The CEO and New Product Development
The New Product Development Team
New Product Development Mistakes

 

More Testimonials

Lassen Innovation's CEO Nicholas J. Webb was engaged by our firm to help us with our product line strategy, as a direct result of his contributions we significantly reduced product cost, gained captive control over our quality and manufacturing and as a result significantly increased our company's sales and market share. Additionally Nicholas invented our market-leading product the "Flex Plug". What started out as a six-month engagement turned into a decade-long relationship that was directly responsible for driving our growth."
Curtis Freeman
President and CEO
Eagle Vision
Retired

"Lassen took our product concept from a vague idea to a product that will compete favorably with a highly entrenched competitor in a 100 million dollar market. The bottom line is they significantly exceeded our expectations."
Victor Kasatshko, CEO
LoungAir International, LLC

All rights reserved, Copyright 1995-2008, Lassen Innovation is a wholly owned subsidiary of Lassen Scientific, Inc.