Regulation – Do or Die: An Analysis of Factors Critical to New Product Development in a Regulatory Context

Keywords: new product development, NPD, medical device development, MDD, innovation, technology innovation management, regulation management, regulatory culture, intended use(s), marketing claims, post- marketing surveillance.

Abstract

This study explores new product development in a strict regulatory and historically secretive environment. Adopting a systems perspective and a mixed methods approach in our research, we examine medical device development in Ireland. Findings indicate that the possession of a regulatory strategy expedites the rate of commercialization, so too does the generation of clear product definitions and marketing claims in the earliest developmental phases. Moreover, results suggest that if the regulated industry strengthens its culture for regulation by prioritizing regulation over speed to market, by encouraging cross-functional team collaborations, and by taking a more proactive approach in post-marketing surveillance activities, it has the potential to improve customer satisfaction and enhance product innovation. This study provides unique empirical data enriched by the homogeneity of its sample. It also contributes guidance to practitioners of new product development within a regulatory context.

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Author Biographies

Clare O'Dwyer, National University of Ireland, Galway
PhD candidate in association with the School of Engineering and Informatics and the Cairnes Business School, National University of Ireland, Galway.
Kathryn Cormican, National University of Ireland, Galway

BBS, MBS, PHD, Lecturer Above the Bar Department of Mechanical Engineering,School of Engineering and Informatics, National University of Ireland, Galway

Published
2017-04-11
How to Cite
O’Dwyer, C., & Cormican, K. (2017). Regulation – Do or Die: An Analysis of Factors Critical to New Product Development in a Regulatory Context. Journal of Technology Management & Innovation, 12(1), 26-38. https://doi.org/10.4067/S0718-27242017000100004
Section
Research Articles