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Managing New Product Development in the Chinese Steel Industry: An Empirical Investigation

Huang, Xueli, Steffens, Paul R., & Schroder, Bill (2002) Managing New Product Development in the Chinese Steel Industry: An Empirical Investigation. International Journal of Technology Management, 24(5/6), pp. 557-568.

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Abstract

This study explores several important aspects of the management of new product development (NPD) in the Chinese steel industry. Specifically it explores NPD success factors, importance of management functions to new product success and measures of new product success from the perspective of the industry’s practitioners. Based on a sample of 190 industrial practitioners from 18 Chinese steel companies, the study provides a mixed picture as China makes the transition from a centrally-controlled to market-based economy. On one hand, respondents ranked understanding users’ needs as the most important factor influencing the performance of the new products. Further, formulating new product strategy and strengthening market research are perceived as the most important managerial functions in NPD. However, technical performance measures are regarded as more important and are more widely used in industry than market-based or financial measures of success.

Impact and interest:

2 citations in Scopus
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0 citations in Web of Science®

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ID Code: 6492
Item Type: Journal Article
Keywords: New product development, innovation, Chinese steel industry, success, successful factors, product management, Paul Steffens
DOI: 10.1504/IJTM.2002.003070
ISSN: 0267-5730
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Organisational Planning and Management (150312)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > MARKETING (150500) > Marketing not elsewhere classified (150599)
Divisions: Current > Research Centres > Australian Centre for Entrepreneurship
Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Management
Copyright Owner: Copyright 2002 Inderscience
Copyright Statement: Reproduced in accordance with the copyright policy of the publisher.
Deposited On: 15 Mar 2007
Last Modified: 11 Aug 2011 00:48

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