Modified stage-gate: A conceptual model of virtual product development process

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Abstract

In today’s dynamic marketplace, manufacturing companies are under strong pressure to introduce new products for long-term survival with their competitors. Nevertheless, every company cannot cope up progressively or immediately with the market requirements due to knowledge dynamics being experienced in the competitive milieu. Increased competition and reduced product life cycles put force upon companies to develop new products faster. In response to these pressing needs, there should be some new approach compatible in flexible circumstances. This paper presents a solution based on the popular Stage-Gate system, which is closely linked with virtual team approach. Virtual teams can provide a platform to advance the knowledge-base in a company and thus to reduce time-to-market. This article introduces conceptual product development architecture under a virtual team umbrella. The paper describes all the major aspects of new product development (NPD), NPD process and its relationship with virtual teams, Stage-Gate system finally presents a modified Stage-Gate system to cope up with the changing needs. It also provides the guidelines for the successful implementation of virtual teams in new product development.

Item Type:	MPRA Paper
Original Title:	Modified stage-gate: A conceptual model of virtual product development process
English Title:	Modified stage-gate: A conceptual model of virtual product development process
Language:	English
Keywords:	Modified stage-gate system, virtual product development, conceptual model
Subjects:	L - Industrial Organization > L6 - Industry Studies: Manufacturing L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L17 - Open Source Products and Markets O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development; Intellectual Property Rights > O32 - Management of Technological Innovation and R&D M - Business Administration and Business Economics; Marketing; Accounting > M1 - Business Administration > M12 - Personnel Management; Executive Compensation L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance O - Economic Development, Technological Change, and Growth > O1 - Economic Development L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior M - Business Administration and Business Economics; Marketing; Accounting > M1 - Business Administration > M11 - Production Management P - Economic Systems > P2 - Socialist Systems and Transitional Economies > P24 - National Income, Product, and Expenditure; Money; Inflation P - Economic Systems > P4 - Other Economic Systems > P42 - Productive Enterprises; Factor and Product Markets; Prices; Population P - Economic Systems > P2 - Socialist Systems and Transitional Economies > P23 - Factor and Product Markets; Industry Studies; Population O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development; Intellectual Property Rights
Item ID:	27043
Depositing User:	Nader Ale Ebrahim
Date Deposited:	09. Mar 2011 07:40
Last Modified:	14. Feb 2013 07:38
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URI:	http://mpra.ub.uni-muenchen.de/id/eprint/27043

Modified stage-gate: A conceptual model of virtual product development process - Munich Personal RePEc Archive