The process of transforming R&D knowledge to successfully introducing new products in the market forms a key competency of an innovative company. This new product introduction process was studied at an instrument manufacturing firm. The process of commercialization spanned a number of departments and the process flow lacked functional integration. The current introduction process also lacked a number of management processes, structured feedback loops for information transfer and data metrics for process assessment and evaluation. Due to this, the information related to product knowledge was...
The process of transforming R&D knowledge to successfully introducing new products in the market forms a key competency of an innovative company. This...