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News Release

Dr. Robert Cooper Advises Focusing on Making Product Innovation Process Leaner in a Recent Interview

ANCASTER, ONTARIO, CANADA - May 18, 2011.  In a recent interview, Dr. Robert G. Cooper, the world’s top innovation management scholar, gave advice on how companies should approach product innovation in the current economic environment.

The focus should not be upon trimming innovation budgets”, Cooper explained, “instead, companies need to concentrate their efforts on removing waste from their product innovation process and on picking the best development projects to invest in - on getting more bang for their R&D buck”. 

Dr. Cooper, together with his colleague Dr. Scott J. Edgett, has developed an approach that companies can take to successfully remove waste from product innovation processes.  By introducing the seven principles of lean, rapid and profitable new product development, companies can innovate more efficiently and effectively.

In his book on this topic, Lean, Rapid and Profitable New Product Development, Dr. Cooper highlights how top performing companies innovate more productively, and reach market faster with lower costs and higher returns.  Cooper outlines the seven key principles that lead to higher productivity in new product development. The book also investigates and presents best practices, showing companies how they can identify and remove waste and achieve a streamlined and efficient new product development process.

For more information about the book, please contact Emir Ozdemir, Product Manager Global Growth at+1-905-637-8793 or emir.ozdemir@stage-gate.com.  Print copies (soft cover) can be purchased at www.stage-gate.com.  The book has also recently been released as an eBook and is available in Amazon’s Kindle Store. 

About Robert G. Cooper

Dr. Robert G. Cooper is one of the most influential innovation thought leaders in the business world today. He pioneered the original research that led to his many groundbreaking discoveries including the Stage-Gate Idea-to-Launch Process. Now implemented by almost 80% of North American companies, it is considered to be one of the most important discoveries in the field of innovation management. He has spent more than 30 years studying the practices and pitfalls of 3,000+ new product projects in hundreds of companies and has assembled the world’s most comprehensive research on the topic. He is a prolific author, who has published more than 100 academic articles and eleven books, and is the recipient of numerous prestigious awards.

About Scott J. Edgett

Dr. Scott J. Edgett is internationally recognized as one of the world’s top experts in product innovation and is the pioneer of portfolio management for product innovation. He is a high profile speaker and sought-after consultant. Dr. Edgett has had extensive experience working with large multinational clients in a variety of industries, principally focusing on issues affecting innovation leadership and capability. He is credited with helping business executives and innovation professionals successfully implement world-class innovation processes that have generated outstanding results.  He is a prolific author having coauthored six books and has published more than 60 academic articles.

Other books by these authors:

Winning at New Products, 4th Edition (available July 2011)
Product Innovation and Technology Strategy
Successful Product Innovation: A Collection of our Best
Generating Breakthrough New Product Ideas
Portfolio Management for New Products, 2nd Edition
Product Leadership Pathways to Profitable Innovation, 2nd Edition
Best Practices in Product Innovation: What Distinguishes Top Performers

Product Development Institute

Product Development Institute is dedicated to helping companies improve their approach to new product development and portfolio management. The Institute has conducted some of the world's most comprehensive research and best practices in new product development - research that has led to some of the most important discoveries in product innovation such as: the widely used Stage-Gate® system; the concept of New Product Portfolio Management; and the Innovation Diamond™ Framework.


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