Best Practices Intelligence

Project Overview: New Product Development Process

A leader in the oil/gas field

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needed to create a repeatable new product development process

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its NPD team was eager to learn from exemplary models in other industries

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identified potential best practice partners through online database research and expert referrals

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established trust, elicited cooperation, ensured anonymity and conducted telephone interviews with executives from 35 leading U.S. companies

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compiled the interview findings into a report which was shared with the client and the interview participants

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facilitated and documented site visits between the NPD team and their peers at six of the best practice firms

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Result
The client instituted a new NPD process, implementing many of the insights gained from its partnership with best practice leaders in other industries.

Contact us to discuss how you can benefit from the knowledge
and best practices of other companies.