A stage-gate course of implements strategic conferences throughout the product improvement lifecycle. These strategic conferences permit organizations to make go or no go selections primarily based on market information, learnings, and experimentation. Relying on the stage of the undertaking funding, selections are made inside the stage-gate course of; new merchandise are given much less funding to discover the issue space, check with prospects, and outline product/market match, and merchandise farther alongside the product improvement lifecycle are given the funding wanted to scale.
Throughout every stage-gate assembly, a cross useful board of determination makers, who act like enterprise capitalists, come collectively to make three particular selections. Pivot. Protect. Parish.
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