Published: 23 January 2024
Summary
Many R&D organizations rely on informal knowledge sharing to bridge the gap in their documentation of key assumptions and insights. R&D leaders can use this research to improve how their teams track critical information throughout the new product development process.
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Overview
Key Findings
R&D leaders and their teams often do not formally document project information as part of their new product development (NPD) workflow. This leaves organizations reliant on informal knowledge sharing and the institutional knowledge of tenured R&D staff to communicate important project updates and best practices from across the company.
Relying on informal knowledge sharing can hinder teams’ ability to learn from past projects, avoid duplicative work, assess the progress of ongoing initiatives and select investments for the future.
Recommendations
R&D leaders and their teams seeking to document critical knowledge throughout the NPD process should:
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