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Exploring Retail Bank Performance and New Product Development: A Profile of Industry Practices

Exploring Retail Bank Performance and New Product Development: A Profile of Industry Practices Based on their survey, Eric Reidenbach and Donald Moak report that various aspects of new product development practices are associated with different levels of retail bank performance. Such practices and activities as the existence of a formal evaluation process, the existence of new product managers, the length of time a product spends in development, and the percentage of the operating budget spent on new product development tend to vary according to bank performance. Top performers have decidedly different new product development processes, structures, and practices than do average or negative performers. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Journal of Product Innovation Management Wiley

Exploring Retail Bank Performance and New Product Development: A Profile of Industry Practices

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References (4)

Publisher
Wiley
Copyright
© 1986 Elsevier Science Publishing Co., Inc.
ISSN
0737-6782
eISSN
1540-5885
DOI
10.1111/1540-5885.330187
Publisher site
See Article on Publisher Site

Abstract

Based on their survey, Eric Reidenbach and Donald Moak report that various aspects of new product development practices are associated with different levels of retail bank performance. Such practices and activities as the existence of a formal evaluation process, the existence of new product managers, the length of time a product spends in development, and the percentage of the operating budget spent on new product development tend to vary according to bank performance. Top performers have decidedly different new product development processes, structures, and practices than do average or negative performers.

Journal

The Journal of Product Innovation ManagementWiley

Published: Sep 1, 1986

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