• Skip to main content
  • Skip to footer

Product Mastery Now

Helping product managers move to product mastery

  • Home
  • Podcast
  • Training
    • For Groups
    • For Individuals
    • Certification for Individuals
    • PDMA & AIPMM
  • Login
  • Schedule a Discovery Call

By Chad McAllister

TEI 021: A Skunk Works for Creating Products and also How to Make Product Tradeoffs – with Eric P. Rose

  • Facebook
  • Twitter
  • LinkedIn
  • Email
  • Reddit

 

Eric Rose NPDP and Product ManagerEric P. Rose, NPDP, MBA, has developed new products in many sectors including consumer, healthcare, and industrial safety. He is an inventor with over 80 patents, teaches innovation at Pepperdine, and is certified as a New Product Development Professional – the NPDP certification. And, for those in Southern California near Sherman Oaks, he manages the Inventors’ Mastermind meetup for sharing invention experiences.

 

Practices and Ideas for Product Managers, Developers, and Innovators

Highlights from the discussion include:

  • Eric’s road to product development and management started by studying industrial design at Arizona State University.
  • The “ah-ha” moment for a new toy concept came from gluing a webcam onto a laboratory microscope. The QX3 digital video microscope was conceived, which went on to be the best selling technology toy one Christmas.
  • The toy was a joint creation from Mattel and Intel.
  • A skunk works approach made the project successful. Mattel product designers and software developers were co-located with Intel engineers in an off-site facility in downtown Portland.  Having  those responsible for hardware, software, and firmware working together in the same office without unnecessary bureaucracy was a new model for the partnership.
  • After the project, Mattel tried to integrate into the company what they learned from using a skunk works and created the X Team to bring together people in R&D, marketing, and operations.
  • Finding a supplier that could integrate the technology and optics became a challenge.
  • Eric wrote an article published in the Product Development and Management Association’s (PDMA) Visions magazine titled “Managing NPD Project Tradeoffs.”
  • He created the NPD Project Pentagon, taking the common triple constraints of schedule, scope, and budget from project management and categorizing budget into the three parts of product costs, development costs, and capital cost.
  • The Pentagon approach helps to improve conversations with those controlling finances and helps account for the total costs involved in product development. An example of the trade-off is capital cost versus product cost. More expensive molds could be used to decrease product costs but they increase capital costs.
  • A useful exercise to understand the trade-offs is to rank the key attributes of the product from the stakeholders’ perspectives and consider the cost contributions of each. An example is a status display on a product that is over 50% of the product’s cost but is a feature that stakeholders rank very low.
  • The Kano model is useful for understanding customers’ needs in terms of product features on the dimensions of achievement and satisfaction to distinguish between features that delight and wow users from those that cause dissatisfaction. Learn more about the Kano model here.

 

Useful links:

  • Eric’s article titled “Managing NPD Project Trade-offs”
  • Eric’s website
  • Follow Eric on Twitter

 

Innovation Quote

“Proper Prior Planning Prevents Poor Performance”  – unknown

 

Listen Now to the Interview

Subscribe: Google Podcasts | Stitcher | TuneIn | RSS

Raw Transcript

tei_021_eric_rose

 

Thanks!

Thank you for being an Everyday Innovator and learning with me from the successes and failures of product innovators, managers, and developers. If you enjoyed the discussion, help out a fellow product manager by sharing it using the social media buttons you see below.

  • Facebook
  • Twitter
  • LinkedIn
  • Email
  • Reddit

Filed Under: Interviews/Podcast

Footer

HOW WE HELP PRODUCT MANAGERS

We help product managers become product masters - influential drivers of product strategy - so they can consistently create products customers love without getting overwhelmed putting out fires. Learn about it in the Product Mastery Roadmap.

FOUNDER

Chad McAllister - Product Management and Innovation TrainingThe primary responsibilities for an organization are product management and innovation. They deliver value to customers. They're also exciting responsibilities for those properly equipped. That is my job - equipping product managers and innovators.
Read More...

SEARCH

MORE

Contact

About

Product Mastery Roadmap

IDEA Framework

Quotes

Innovation Stories

Innovation Roundup

 

Privacy Policy | Terms of Use | Disclaimer

Copyright © 2008–2023 Product Mastery Now and The Everyday Innovator™ · All rights reserved

Return to top of page

Product Managers and Innovators!

Product Master Roadmap for Product Managers

Get the Product Mastery Roadmap

And become a Product Master:

    • - Develop the right products more often - as much as 5X
    • - Get the influence you want
    • - Drive product strategy, creating products customers love
x