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Published: May 30, 2011

 
 

Next-Generation Product Development

Globalization has created scores of nimble competitors in every industry; as a result, the product development environment is too volatile for linear, standardized processes. In such a landscape, an approach that embraces the value of flexibility and unpredictability is needed to generate more stable and successful outcomes. Paradoxically, although gated processes are focused on linearity and order, they often result in chaos. In contrast, the agile model, driven by chaos and uncertainty at the front end, yields greater order at the latter stages of product development. It is the surest way to permanently increase product success rates and develop a much stronger, more sustainable position in the marketplace.

Author Profiles:

  • Barry Jaruzelski is a partner with Booz & Company in Florham Park, N.J., and is the global leader of the firm’s innovation practice. He has spent more than 20 years working with high-tech and industrial clients on corporate and product strategy, product development efficiency and effectiveness, and the transformation of core innovation processes.
  • Richard Holman is a principal with Booz & Company based in Florham Park, N.J. He is a leader of the firm’s innovation practice, specializing in fields with highly engineered products, such as aerospace, industrial, and high tech.
  • Omar Daud is a senior associate in Booz & Company’s innovation practice based in Chicago. His consulting work focuses on product strategy, product development efficiency and effectiveness, and the transformation of core innovation processes for high-tech and industrial clients.
 
 
 
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