A Framework for successful new product development

Purpose: The purpose of this paper is to propose a framework of critical success factors, metrics, and tools and techniques for implementing metrics for each stage of the new product development (NPD) process. Design/methodology/approach: To achieve this objective, a literature review was undertaken...

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Detalles Bibliográficos
Autor: Bhuiyan, Nadia
Tipo de recurso: artículo
Fecha de publicación:2011
País:España
Institución:Universitat Politècnica de Catalunya (UPC)
Repositorio:UPCommons. Portal del coneixement obert de la UPC
Idioma:inglés
OAI Identifier:oai:upcommons.upc.edu:2099/12224
Acceso en línea:https://hdl.handle.net/2099/12224
Access Level:acceso abierto
Palabra clave:New products
New product development
Critical success factors
Metrics
Tools and techniques
Productes nous
Àrees temàtiques de la UPC::Economia i organització d'empreses::Competitivitat i innovació
Àrees temàtiques de la UPC::Economia i organització d'empreses::Direcció d'operacions
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oai_identifier_str oai:upcommons.upc.edu:2099/12224
network_acronym_str ES
network_name_str España
repository_id_str
spelling A Framework for successful new product developmentBhuiyan, NadiaNew productsNew product developmentCritical success factorsMetricsTools and techniquesProductes nousÀrees temàtiques de la UPC::Economia i organització d'empreses::Competitivitat i innovacióÀrees temàtiques de la UPC::Economia i organització d'empreses::Direcció d'operacionsPurpose: The purpose of this paper is to propose a framework of critical success factors, metrics, and tools and techniques for implementing metrics for each stage of the new product development (NPD) process. Design/methodology/approach: To achieve this objective, a literature review was undertaken to investigate decades of studies on NPD success and how it can be achieved. These studies were scanned for common factors for firms that enjoyed success of new products on the market. Findings: The paper summarizes NPD success factors, suggests metrics that should be used to measure these factors, and proposes tools and techniques to make use of these metrics. This was done for each stage of the NPD process, and brought together in a framework that the authors propose should be followed for complex NPD projects. Research limitations/implications: Several different research directions could provide additional useful information both to firms finding critical success factors (CSF) and measuring product development success as well as to academics performing research in this area. The main research opportunity exists in implementing or testing the proposed framework. Practical implications: The framework can be followed by managers of complex NPD projects to ensure success. Originality/value: While many studies have been conducted on critical success factors for NPD, these studies tend to be fragmented and focus on one or a few phases of the NPD process. To the authors’ knowledge, this is the first time a framework that synthesizes these studies into a single framework.Peer ReviewedSchool of Industrial and Aeronautic Engineering of Terrassa (ETSEIAT). Universitat Politècnica de Catalunya (UPC)20112011-12-0120122012-05-22journal articlehttp://purl.org/coar/resource_type/c_6501NAhttp://purl.org/coar/version/c_be7fb7dd8ff6fe43info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/2099/12224reponame:UPCommons. Portal del coneixement obert de la UPCinstname:Universitat Politècnica de Catalunya (UPC)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2Attribution-NonCommercial 3.0 Spainhttp://creativecommons.org/licenses/by-nc/3.0/es/info:eu-repo/semantics/openAccessoai:upcommons.upc.edu:2099/122242026-05-27T15:37:01Z
dc.title.none.fl_str_mv A Framework for successful new product development
title A Framework for successful new product development
spellingShingle A Framework for successful new product development
Bhuiyan, Nadia
New products
New product development
Critical success factors
Metrics
Tools and techniques
Productes nous
Àrees temàtiques de la UPC::Economia i organització d'empreses::Competitivitat i innovació
Àrees temàtiques de la UPC::Economia i organització d'empreses::Direcció d'operacions
title_short A Framework for successful new product development
title_full A Framework for successful new product development
title_fullStr A Framework for successful new product development
title_full_unstemmed A Framework for successful new product development
title_sort A Framework for successful new product development
dc.creator.none.fl_str_mv Bhuiyan, Nadia
author Bhuiyan, Nadia
author_facet Bhuiyan, Nadia
author_role author
dc.subject.none.fl_str_mv New products
New product development
Critical success factors
Metrics
Tools and techniques
Productes nous
Àrees temàtiques de la UPC::Economia i organització d'empreses::Competitivitat i innovació
Àrees temàtiques de la UPC::Economia i organització d'empreses::Direcció d'operacions
topic New products
New product development
Critical success factors
Metrics
Tools and techniques
Productes nous
Àrees temàtiques de la UPC::Economia i organització d'empreses::Competitivitat i innovació
Àrees temàtiques de la UPC::Economia i organització d'empreses::Direcció d'operacions
description Purpose: The purpose of this paper is to propose a framework of critical success factors, metrics, and tools and techniques for implementing metrics for each stage of the new product development (NPD) process. Design/methodology/approach: To achieve this objective, a literature review was undertaken to investigate decades of studies on NPD success and how it can be achieved. These studies were scanned for common factors for firms that enjoyed success of new products on the market. Findings: The paper summarizes NPD success factors, suggests metrics that should be used to measure these factors, and proposes tools and techniques to make use of these metrics. This was done for each stage of the NPD process, and brought together in a framework that the authors propose should be followed for complex NPD projects. Research limitations/implications: Several different research directions could provide additional useful information both to firms finding critical success factors (CSF) and measuring product development success as well as to academics performing research in this area. The main research opportunity exists in implementing or testing the proposed framework. Practical implications: The framework can be followed by managers of complex NPD projects to ensure success. Originality/value: While many studies have been conducted on critical success factors for NPD, these studies tend to be fragmented and focus on one or a few phases of the NPD process. To the authors’ knowledge, this is the first time a framework that synthesizes these studies into a single framework.
publishDate 2011
dc.date.none.fl_str_mv 2011
2011-12-01
2012
2012-05-22
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
NA
http://purl.org/coar/version/c_be7fb7dd8ff6fe43
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/2099/12224
url https://hdl.handle.net/2099/12224
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution-NonCommercial 3.0 Spain
http://creativecommons.org/licenses/by-nc/3.0/es/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution-NonCommercial 3.0 Spain
http://creativecommons.org/licenses/by-nc/3.0/es/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv School of Industrial and Aeronautic Engineering of Terrassa (ETSEIAT). Universitat Politècnica de Catalunya (UPC)
publisher.none.fl_str_mv School of Industrial and Aeronautic Engineering of Terrassa (ETSEIAT). Universitat Politècnica de Catalunya (UPC)
dc.source.none.fl_str_mv reponame:UPCommons. Portal del coneixement obert de la UPC
instname:Universitat Politècnica de Catalunya (UPC)
instname_str Universitat Politècnica de Catalunya (UPC)
reponame_str UPCommons. Portal del coneixement obert de la UPC
collection UPCommons. Portal del coneixement obert de la UPC
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,300724

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