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New Product Innovation, Development, and Implementation Strategies
This unique program will provide you with the frameworks, tools, techniques, and perspectives that will help you to more effectively develop and market new products. The course provides comprehensive coverage of major topics in developing and implementing a market-driven approach to innovation. Incorporating cutting-edge thinking and best practices in new product development, this program will help you to both create and modify your organization’s new product development process and position your firm to gain a strategic competitive advantage. It covers a wide spectrum of industries including business-to-business, consumer products, and services.

Topics cover four broad areas:
  • The strategic role of new products in your organization
  • Reviewing best practices in new product development across various industries
  • Incorporating best practices and cutting-edge frameworks to develop a market-driven new product development process
  • Implementing the new product development process


Program Dates and Fees
September 20-24, 2010 $7,650.00
March 28- Apr. 1, 2011 $7,650.00
September 26-30, 2011 $7,650.00
During this program, you will learn:
  • How to conduct a new product diagnostic audit and develop a new product strategy.
  • Best practices in new product development that separate the "best" firms from the "rest" in different industries.
  • How to develop a new product development process that incorporates the best practices and is based on cutting-edge frameworks and approaches.
  • How to adapt the new product development process for:
    • different types of projects - lower risk short-term versus breakthrough projects, in-house versus outsourced projects, platform projects,
    • different strategic decision situations: speed to market versus extensive development, proactive versus reactive strategies,
    • building flexibility into the process.

  • How to implement the new product development process.
  • How to create new market space by identifying a new value curve that better meets customer needs.
  • How to identify new product opportunities using both "resource based" and "market based" approaches.
  • How to uncover "breakthrough" consumer needs and develop and test new product concepts that serve those needs.
  • How to create a value proposition for your new product and develop a positioning strategy.
  • How to use latest tools and techniques that will help you to design new product offerings that deliver customer value through differentiating benefits.
  • How to develop sales forecasts for your new products and services.
  • How to develop a launch plan.
  • How to build successful cross-functional
    teams for effective new product development.
  • Cutting-edge techniques and latest frameworks for effective new product development.
Who Should Attend
This course is appropriate for mid- to upper-level managers in any area involved in the development and management of new products. This may include functional areas such as new product development, marketing, research and development, business development, general management, design, engineering, operations, sales, strategy, and finance, as well as members of cross-functional new product development teams. Representative titles include vice president or director of marketing, new product manager, product or brand manager, business development manager, strategic planner, designer, engineer, market analyst, and vice president or director of sales.
Topics Outline
  • New Product Development and Strategic Marketing
  • Developing a New Products System
  • Develop an Innovation Strategy
  • New Product Development Best Practices
  • Identifying "Breakthrough" Customer Needs
  • Product Development Using Consumer-based Methods
  • Implementing the New Product Process
  • Sales Forecasting: Methods for New Product Development
  • Developing a New Product Marketing Launch Plan
  • Course Summary and Wrap-Up
  • Sanjay Dhar
    Sanjay Dhar has been a Chicago faculty member since 1992. Many sources have recognized Professor Dhar for his excellence in teaching. He received the 2008 Hillel Einhorn Teaching Award voted by executive MBA students in Asia, the prestigious McKinsey Teaching Award in 2000 awarded once every 2 years, was cited among the outstanding faculty in BusinessWeek's Guide to Best Business Schools (McGraw-Hill, 1997, 1999 and 2001), and in 1994 was awarded the Emory Williams Teaching Award by students for outstanding teaching performance. In 2006, the Economic Times (India) identified Professor Dhar as one of twelve “Indians who have made a global impact on marketing research and thought”. He currently serves as faculty director of the Kilts Center of Marketing and was recently rated as one of 6 "must-have" professors at Chicago Booth by Veritas Prep in 2010 Annual Report on Chicago Booth.
    Arthur Middlebrooks
    Art Middlebrooks specializes in helping service companies grow profitably through new product and service development, branding, and effective marketing strategies. He has worked with companies from a broad range of industries including energy, telecommunications, information technology services, e-commerce, software, financial services and professional services.
    Classes are held at the Gleacher Center of the University of Chicago Booth School of Business, 450 North Cityfront Plaza Drive, situated along the Chicago River (one block east of Michigan Avenue), in the heart of the downtown district known as "The Magnificent Mile." The Center is within walking distance from some of Chicago's most exciting retail and entertainment areas.
    The course will begin at 8:00am on Monday and end at 1:30pm on Friday.

    Hotel Accommodations and Reservations

    A limited block of rooms have been reserved for a discounted rate at the
    InterContinental Chicago
    505 N. Michigan Avenue
    Chicago, IL 60611
    Phone: 801.401.5226 or 800.235.4670 (toll-free)
    Fax: 312.321.8725

    For More Information Contact:

    THE UNIVERSITY OF CHICAGO BOOTH SCHOOL OF BUSINESS

    450 N. Cityfront Plaza Drive Chicago, IL 60611-4316 http://www.chicagoexec.net
    Contact Us Online

    Angela Tong
    Associate Director of Executive Education
    Phone: (312) 423-8034
    Fax: (312) 464-8731
    E-Mail: angela.tong@ChicagoBooth.edu

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    "Attending the University of Chicago's New Product Development course as a team had tremendous value. Each of use comes from different functional areas within our organization so our perspective on the learning was multi dimensional. We have a network now that we are back on the job to brainstorm, clarify our understanding and our approach toward new product development. We can also educate the management team on the fundamental concepts of new product development so we can begin to establish a core methodology within our organization."

    - Rita Markle
    Manager, Center for Learning and Development
    RSA Solutions, Inc.













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