The Stage Gate Model in Product Development: Case PAL Finland Oy

Abstract

In business, there are too many failures that relate to product development. The significance of successful product development cannot be overemphasized. In particular, the medical industry can benefit from comprehensive process models in product development. This case study aims to create a product development system for a company that works in the medical devices industry. The theoretical framework utilized is The Stage Gate®, and the methodology consists of qualitative research. The research involves an interview with the case company and gathering secondary data. The secondary data consists of literature on product development and literature on the medical devices industry. After a three-phase analysis, a minimum viable product (MVP) system is drawn for the company. This final work acts as a basis for introducing the Stage Gate ideology in practice. In conclusion, the study has key elements for any medical devices company to implement new product development and provide a pathway in new product development undertakings.