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How To Use A Stage Gate Funding Model To Create Your Innovation
My motto throughout my career has been “Ideas without execution are a hobby, and I’m not in the hobby business.” Execution is a risk; it requires commitment, money, and manpower; but there’s no point going through the process of ideation if you’re not going to do anything with the end result. In the
Sample of a Gate/Milestone Map
Below is a sample of a gate/milestone map. When creating your own map, keep in mind: Define the “swim lanes” for each function within your organization The gates need to be clear go/no go decision points Each tag on the swim lane is a clear deliverable You may want to color code the tags (green=on [
