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The CEO and New Product Development

Lassen Scientific

"You Need a Champion"
The Leadership Factor

The Leadership Factor

The new product development team is charged with overseeing the nuts-and-bolts process, but the product champion has the capacity to see the broader overall picture -- how the new product fits in with the company's existing line, strategic plans, and so on.

"A new product venture won't succeed without leadership," Webb asserts. "The leader offers a vision, inspiration and a guiding hand, but it doesn't end there. The leader forges links with eventual suppliers and distributors, and always -- always -- incorporates customer needs and demands into the final product."

At the same time, Goozé adds, leadership means not getting mired in daily operations, or micromanaging every aspect of the development process.

"At the senior leadership level, there has to be a deep commitment to innovation as a source of growth. This is behind-the-scenes stuff -- the conviction felt throughout the organization that resources are there for new product development, they won't be redirected for other purposes, and a disciplined game plan exists from start to finish. Only the company's leaders can fulfill this role."

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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 Innovations 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.