Definition of Stage Gate Model

✅  Related keywords: structured innovation, incremental innovation

📖  What is a Stage Gate Model?

A model for innovation used in large organizations that emphasizes structure and discipline. The goal of the stage gate model is to avoid creating too many iterations of the same product to keep costs low and maximize product quality. The stage gate model works best in complex situations with lots of uncertainty. It is too slow for simple innovations, and inefficient for radical innovation. The stage gate model is used in organizations such as NASA where the innovation team works on huge, complex innovations.