PulseExploreJournal ClubDebatesTrendingResearchersJournals
Instagram
HomeExploreJournal ClubTrending
Synapse
⌘+K
Synapse
March 3, 20260 citations

Global Best Practices in New Product Development and Innovation

MKMette Præst KnudsenMZMax von ZedtwitzAGAbbie Griffin

Key Points

  • Product-market success depends on effective management of the new product development process with AI integration.
  • The survey includes insights from 589 companies across 31 countries to identify best practices.
  • Focus areas include antecedents to success and NPD portfolio decisionmaking during the pandemic.
  • The findings underscore the evolving nature of NPD practices in the context of global challenges.

Abstract

Extending thirty years of NPD best practice studies, this paper presents the results of the most recent 2020 global best practice survey on product development management practices conducted by the PDMA with responses from 589 companies in 31 countries. Besides continuing research on key dimensions such as antecedents to product-market successes, NPD process management, and NPD portfolio decisionmaking, the 2020 survey placed particular focus on NPD responses to the Covid19 pandemic and integration of artificial intelligence (AI) in product development design and management.

Ask AI
Helpful
Bookmark
Share

Cite This Study

Knudsen et al. (2021) studied this question.

synapsesocial.com/papers/69a75fafc6e9836116a2b52b
Ask AI
Helpful
Bookmark
Share