Supporting new product development with the Internet

Insight is provided into the key role Internet technology can play in facilitating information dissemination, process improvements, reductions in time and costs, and improved project management.

Abstract

Accelerating the process by which new products are introduced to the marketplace has become a strategic imperative in many markets. An emerging precondition for new‐product development success is the integration of information technology with innovative management practices. The purpose of this paper is to demonstrate how the integration of Internet and Intranet applications with the stage‐gate process can support and accelerate new product development. This research provides insight into the key role Internet technology can play in facilitating information dissemination, process improvements, reductions in time and costs, and improved project management.