Simplifying the New Product Development Process

Research output: Contribution to conferenceAbstract

Abstract

To create customer-oriented innovations, organisations increasingly focus on the question of how to simplify their new product development (NPD) process. Such simple NPD refers to a firm’s intentional subtraction, restraint, and exclusion across the marketing mix aimed at achieving maximum new product success through minimum measures. Simple NPD can help avoid unnecessary complexity in the marketing mix and create offerings that meet—but do not exceed—customer needs. Theoretical support abounds for the value of simple NPD in creating consumer-oriented innovations. However, little theory and research exist about what simple NPD could look like, and the circumstances that enhance as well as limit a firm’s success with this strategy. In this study, the author develops a conceptual framework of simple NPD, identifies barriers to its successful adoption and implementation, and concludes by offering several theoretical and practical implications.

Conference

ConferenceAustralia and New Zealand Marketing Academy Conference
Abbreviated titleANZMAC
CountryAustralia
CitySydney
Period30/11/152/12/15
Internet address

Fingerprint

New product development process
New product development
Marketing mix
Innovation
New product success
Exclusion
Conceptual framework

Cite this

Gruner, R. (2015). Simplifying the New Product Development Process. Abstract from Australia and New Zealand Marketing Academy Conference, Sydney, Australia.
Gruner, Richard. / Simplifying the New Product Development Process. Abstract from Australia and New Zealand Marketing Academy Conference, Sydney, Australia.
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author = "Richard Gruner",
year = "2015",
language = "English",
note = "Australia and New Zealand Marketing Academy Conference : Innovation and Growth Strategies in Marketing, ANZMAC ; Conference date: 30-11-2015 Through 02-12-2015",
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Gruner, R 2015, 'Simplifying the New Product Development Process' Australia and New Zealand Marketing Academy Conference, Sydney, Australia, 30/11/15 - 2/12/15, .

Simplifying the New Product Development Process. / Gruner, Richard.

2015. Abstract from Australia and New Zealand Marketing Academy Conference, Sydney, Australia.

Research output: Contribution to conferenceAbstract

TY - CONF

T1 - Simplifying the New Product Development Process

AU - Gruner, Richard

PY - 2015

Y1 - 2015

N2 - To create customer-oriented innovations, organisations increasingly focus on the question of how to simplify their new product development (NPD) process. Such simple NPD refers to a firm’s intentional subtraction, restraint, and exclusion across the marketing mix aimed at achieving maximum new product success through minimum measures. Simple NPD can help avoid unnecessary complexity in the marketing mix and create offerings that meet—but do not exceed—customer needs. Theoretical support abounds for the value of simple NPD in creating consumer-oriented innovations. However, little theory and research exist about what simple NPD could look like, and the circumstances that enhance as well as limit a firm’s success with this strategy. In this study, the author develops a conceptual framework of simple NPD, identifies barriers to its successful adoption and implementation, and concludes by offering several theoretical and practical implications.

AB - To create customer-oriented innovations, organisations increasingly focus on the question of how to simplify their new product development (NPD) process. Such simple NPD refers to a firm’s intentional subtraction, restraint, and exclusion across the marketing mix aimed at achieving maximum new product success through minimum measures. Simple NPD can help avoid unnecessary complexity in the marketing mix and create offerings that meet—but do not exceed—customer needs. Theoretical support abounds for the value of simple NPD in creating consumer-oriented innovations. However, little theory and research exist about what simple NPD could look like, and the circumstances that enhance as well as limit a firm’s success with this strategy. In this study, the author develops a conceptual framework of simple NPD, identifies barriers to its successful adoption and implementation, and concludes by offering several theoretical and practical implications.

KW - Simplicity

KW - New Product Development

KW - Innovations

KW - Marketing Mix

UR - http://www.anzmac.org/_downloads/14560996262015-ANZMAC-Conference-Proceedings.pdf

M3 - Abstract

ER -

Gruner R. Simplifying the New Product Development Process. 2015. Abstract from Australia and New Zealand Marketing Academy Conference, Sydney, Australia.