The Mismanagement of Product Development

Solly Angel

in The Tale of the Scale

Published in print February 2004 | ISBN: 9780195158687
Published online October 2011 | e-ISBN: 9780199849826 | DOI:
The Mismanagement of Product Development

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Solly Angel met with Ziggy Zee to discuss the new venture he proposed. He believed that there was still hope for the thin scale. Ziggy proposed that the two of them develop and design the scale together, getting it ready for manufacture in one year. They would have all the financial backing they needed. The deal started to take shape when they all met at the Chicago Housewares Exhibition. The Chicago meeting ended with an agreement to meet again in New York, by which time they would have prepared draft contracts for all to sign, as well as a development plan with a detailed budget. The plan charted the path to the completion of the development phase of the thin scale in one year from the day the contracts were signed and the first installment of funds was made available. Ken, an electronics engineer, sued Ziggy and Angel for non-payment of his out-of-control fees. They had to pay him out of their own pockets and, in due course, they did. And that was basically how the Home Products saga ended.

Keywords: product development; Home Products; Ziggy Zee; Ken; Solly Angel

Chapter.  11586 words.  Illustrated.

Subjects: Innovation

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