Once again the Center of Innovation Excellence was highlighted in Prepared Foods Foodservice edition (August 2013). The article provided some top level findings from IFMA and Stage-Gate International's most current work, a whitepaper titled "New Product Development: Best Practices in Foodservice". The article also gives you a peek into how three CIE members executed their most recent and successful innovations; Coca-Cola, JM Smuckers and Rich Products.
Here are some top level findings from the article and the whitepaper:
- In regards to new product evaluation and product selection, successful organizations create scorecards to manage criteria, quantify the merits of each project and capture the guidance of each decision maker.
- To align the various functional players on a project team and speed decisions, an executive summary featuring the most relevant information about the project is made available to decision makers.
- When collaborating with customers, companies are most successful when business leaders provide clarity around the types of relationships a company pursues.
To purchase the entire report, which includes activation worksheets on Project Selection, Collaboration and Post Launch Review, click here.
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