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New Product Development: Team

Lassen Scientific

Cross-Functional
Team Components

Team Components

According to Goozé and Webb, successful new product development teams share these essential components:

A set of clearly identified and assigned team members
Cross-functional representation
A dedicated and accountable team leader
Regular meetings and communication, with frequent updates and problem-solving sessions

As with any project team, the proper flow of relevant information is critical. Both the team leader and product champion should ensure that a steady flow of information is made available to the team about changing customer needs and preferences, as this information will likely affect design and development work.

Another important point, according to the TEC experts: The new product development team should carefully document each stage of the process, in order to track both break-throughs and setbacks, and to meet these ongoing objectives:

Build on market knowledge.
Avoid previous mistakes.
Reduce development cycle time.

"Particularly for small companies unfamiliar with the process, there can be a steep learning curve along the way," Webb says. "Complete documentation helps those who follow with future new product ventures to move ahead in a more streamlined, efficient way."

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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.