“…Senior management′s involvement and corporate commitment : The impact of these two senior management elements on new product development has been found to be positive[12,35]. Success factors here include: - sending clear messages to the entire organization about the role and importance of new product development in the form of broad parameters and a strategic mission for NPD[3,4,27,33,45];
- ease of access to senior management in case of difficulties or for major decisions[25,27,38];
- availability of sufficient funds and resources[4,25,31,40,49];
- the presence of some technical literacy among senior managers [4,23,42];
- senior management commitment to risk‐taking in product innovation[2,29].
…”