Too often, companies choose innovation methodologies with an “all or nothing” approach. The pendulum has swung toward Lean and Agile methodologies, sometimes casting Stage-Gate aside. Optimal results are derived from the best of BOTH worlds as part of an integrated best practice innovation toolkit.
In practice, Lean product development is mostly applied at a tactical level; in conjunction with the Stage-Gate methodology, it applies primarily to the way development work is completed within the stages.
This paper outlines the steps necessary for effective innovation management and the benefits of making Stage-Gate "Lean."