Aberdeen Group: Profitable Product Development for Small to Midsize Enterprises - Profiting from Innovation
Small to midsize manufacturers are actively pursuing new product development improvements to deliver more innovative products to their customers, including control over their projects and product information. Aberdeen benchmarks reveal that Best in Class small and midsized manufacturers are meeting the new product development goals that drive product profitability 49% to 74% more frequently than average companies, and up to 14 times more frequently than laggards.
This report highlights the approaches that leading small and midsized manufactures take to achieve and extend their performance gap, serving as a roadmap for other smaller manufacturers who wish to improve their product development performance and enhance product profitability.
Download this report to better understand how Best in Class small and midsized manufacturers are:
- 2.1 times more likely to hit new product launch date targets
- 2.4 times more likely to hit new product revenue targets
- 2.3 times more likely to hit new product cost targets
- 2.7 times more likely to hit new product development cost targets
- 2.2 times more likely to hit product quality targets
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