New Product Development is the definition of a “dream come true”. We work with each of our clients to help take their new product or service from conception to market using our 6 step process.
Idea Generation and Environment Screening
Concept Development and Planning
Market Strategy Development
The five stages of the process are goal-setting, analysis, strategy formation, strategy implementation, and strategy monitoring. A strategic plan focuses on business or organizational goals, the actions needed to achieve those goals, and all other crucial elements developed during the planning exercise.
Create a sustainable strategic plan that includes a 6 month, 1 year, and 3 year planning guide that is created with both executives and shareholders
Set priorities, focus energy and resources, and strengthen operations
Establish agreement around intended outcomes/results
Ensure that employees and other stakeholders are working toward common goals
Assess and adjust the organization’s direction in response to a changing environment