The Stage-Gate Process, conceptualized by Dr. Robert G. Cooper, is a structured framework for managing product development and innovation pressure in various industries. It breaks down the development cycle into six stages—Discovery, Scoping, Business Case Development, Development, Testing and Validation, and Launch—each punctuated by gates where projects are assessed for viability. This approach ensures strategic alignment, efficient resource allocation, and risk reduction, allowing only promising projects to advance. Widely adaptable, the process fosters continuous improvement and aligns with organizational goals for successful execution, as seen in the successes of companies like 3M and Netflix. For a detailed PowerPoint presentation on the Stage-Gate Process, resources are available for download on Flevy.
This article was sourced, curated, and summarized by MindLab's AI Agents.
Original Source: Flevy Blog
