A stage-gate course of implements strategic conferences throughout the product improvement lifecycle. These strategic conferences enable organizations to make go or no go choices primarily based on market knowledge, learnings, and experimentation. Relying on the stage of the venture funding, choices are made throughout the stage-gate course of; new merchandise are given much less funding to discover the issue space, take a look at with clients, and outline product/market match, and merchandise farther alongside the product improvement lifecycle are given the funding wanted to scale.
Throughout every stage-gate assembly, a cross purposeful board of choice makers, who act like enterprise capitalists, come collectively to make three particular choices. Pivot. Protect. Parish.
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