To Market, To Market: Lessons in Product Launches

November 22, 2024
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Product launches can be as exhilarating as they are exhausting. While the thrill of spearheading something new is undeniable, it often comes with unforeseen challenges that can test even the most seasoned professionals.

Having participated in numerous launches—spanning industries from automotive to electronics and even mining—I’ve experienced the highs, the lows, and everything in between. Whether you’re considering leading a launch or are already in the trenches, this guide will walk you through the key factors that can make or break a launch.

Understanding the Need: The Foundation of Success

Every launch starts with a question: Why? Understanding the driving force behind the product is non-negotiable. Is the initiative stemming from genuine market demand or executive ambition? A strong business case should go beyond increasing revenue—it should ensure reliable returns and long-term growth.

Key Considerations

  • Origin of the Idea: Did this initiative arise from deep market insights or top-down directives?
  • Forecast Accuracy: Are projections grounded in reality, considering the steep learning curves of new operations?
  • Risk Assessment: How new is the product to your team’s capabilities? Assess whether the challenges involve product, process, or people—or all three.

Launching with unbounded investment goals or unrealistic forecasts often leads to failure. The fate of many launches is sealed before they even begin in the assumptions baked into early-stage planning.

Product Maturity

The integrity of the product development cycle is critical. At GM, launching products like the Cadillac CTS and SRX revealed how skipping rigorous testing could derail timelines and inflate costs. When immature designs hit production lines, defects multiply, leading to delays, high rework costs, and damaged reputations.

What Separates Success from Chaos

  • Sacred Gates: Each stage of development needs robust gatekeeping. If unresolved issues are allowed to progress, they compound exponentially.
  • Resource Readiness: Quick response teams must be empowered to address manufacturability issues.
  • Proactive Problem-Solving: A reactive approach leads to armies of post-launch fixes. Instead, address concerns thoroughly during prototype testing.

A well-prepared product should pass gates confidently—not crash through them in a race against the clock.

Process Maturity

Many teams focus exclusively on product readiness, overlooking the equally crucial aspect of process maturity—the ability to manufacture at scale while maintaining quality. This requires:

  • Robust Testing: Processes must meet volume and quality expectations under real-world conditions.
  • Experienced Leadership: Launches succeed when led by seasoned professionals capable of navigating unforeseen hurdles.
  • Operational Resilience: Teams should be trained to detect, contain, and correct deviations during production.

The wealth of any company lies in the grit and expertise of its production teams. Focusing on process maturity ensures that the launch isn’t derailed by operational inefficiencies.

Customer Engagement

Your relationship with the customer can significantly influence the success of a launch. In some cases, customers actively collaborate in co-developing solutions that benefit both parties. In others, the customer’s involvement is minimal, leaving them more likely to criticize than contribute.

For the best outcomes:

  • Early Collaboration: Involve the customer during the research and development stages.
  • Mutual Accountability: Build a team that works with your customer to address gaps quickly.
  • Open Communication: Avoid surprises by maintaining transparency throughout the process.

When the customer is engaged as a partner, the chances of success grow exponentially.

Your Team

A great launch team isn’t assembled overnight. Its success lies in careful selection, continuous support, and fostering strong bonds. Here’s what works:

  • Diversity Matters: Assemble a team with varied functional expertise, gender, and age perspectives to ensure well-rounded problem-solving.
  • Strong Leadership: A launch leader should inspire, coach, and unify—not micromanage or favor specific members.
  • Retention Is Key: High turnover or a disengaged team is a red flag. Address conflicts early to keep morale high.

The health of your team can often be the best predictor of launch success.

Concurrent Launches

Managing one launch is hard enough, but what happens when a company takes on several simultaneously? Ideally, each launch is resourced with mature processes and skilled teams. In reality, many organizations overextend, spreading resources too thin.

Best Practices

  • Prioritize Opportunities: Say no to initiatives you’re not equipped to handle, no matter how tempting.
  • Stagger Timelines: Allow teams to recover and regroup between launches.
  • Preemptive Investment: Build capacity before opportunities arise to ensure readiness when they do.

Chasing too many opportunities without adequate preparation is a recipe for failure.

Conclusion

Product launches are exhilarating but demanding. They test every aspect of a business—from strategy and planning to execution and resilience. Before you say “yes” to the next shiny new opportunity, ask yourself: “Is the need clear? Are the product and processes mature? Is the team ready?”

And if you find yourself in the thick of it, remember patience, planning, and adaptability are your greatest allies. When in doubt, take a step back, recalibrate, and focus on what truly matters. So, to market, to market, indeed—but with eyes wide open and a plan in hand.

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