Eight Simple Steps for New Product Development
Eight Simple Steps for New Product Development takes an idea through screening, concept testing, design, trial and launch in a fixed order, so a product earns its way to market on evidence rather than on the loudest voice in the room.
Eight stops line up left to right, each one a hurdle an idea clears before reaching the shelf.
Reach for this when…
- You keep launching products on a hunch and half of them flop in the first season.
- Two people disagree about whether an idea is worth funding and there's no shared process to settle it.
- You've skipped market testing before and got burned by it.
How to run it
- Generate ideas from every source you've got - customers, competitors, your own team - before spending real money.
- Screen them hard against your objectives, feasibility and finance, and let weak ideas die here rather than later.
- Turn the survivors into a tested concept, not just a pitch, and get a real customer reaction to it.
- Set the marketing strategy for how it'll reach the market.
- Run the business analysis honestly - the sales, cost and profit case - including the case for killing it.
- Design, build and test a real prototype before committing to production.
- Test the market in a controlled trial before the full rollout.
- Commercialise it: launch at full scale.
A worked example
Situation. Abdullah Al-Otaibi runs Otaibi Outdoor Furniture, a garden-furniture manufacturer in Riyadh, Saudi Arabia, where new ranges had always launched on the sales team's gut feel.
Applied. For a new folding-table range he ran the full eight steps for the first time, including the marketing strategy and market-testing stages the business had always skipped.
Result. The trial batch showed the mid-size table selling and the large one sitting in showrooms; he cut the large size before the full production run, saving a season's worth of dead stock.
The catch
The eight steps assume you can move sequentially, and real product decisions rarely wait that politely - competitors don't pause while you finish stage four. It also treats 'kill the idea' as a valid outcome of every gate, which only works if leadership will actually let a bad idea die.
If the person who champions the idea also runs the gate meant to kill it, the gate never closes.
Origin: Philip Kotler & Gary Armstrong (New Product Development process)