A principal goal of using the stage-gate process is to improve the speed with which a firm brings new products to market.

Question

Quizplus · Accepted Answer

The stage-gate process is a project management model designed to accelerate new product development by breaking it down into stages and gates, with a focus on identifying and mitigating risks at each stage. This approach aims to enhance the speed and efficiency of the innovation process, while also increasing the chances of success and maximizing the return on investment. Therefore, the principal goal of using the stage-gate process is indeed to improve the speed with which a firm brings new products to market.

A Principal Goal of Using the Stage-Gate Process Is to Improve