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Walter Herbst
Walter Herbst

MARKETING
Clinical Prof. of Mktg, Kellogg School
Clincal Prof.of Mech. Engineering, McCormick School

Print Overview
Walter Herbst's strong technical background coupled with professional management skills has resulted in the successful growth of the firm since he founded it in 1962. Herbst LaZar Bell Inc. is the largest independently owned design firm in the country.

Mr. Herbst's specific responsibilities include his role as chairman, where he reviews HLB's strategic business plan, while maintaining hands-on responsibilities as a senior account supervisor. His specific research and expertise have culminated in HLB being recognized as "Experts in the Process of Product Development".

Distinctions Mr. Herbst holds over 85 patents in hardware, housewares and medical products. He is listed in "Who's Who of American Inventors," as well as other "Who's Who" publications. Mr. Herbst is a frequent contributor of articles in various trade journals and is a co-author of the PDMA Handbook of Product Development, which has become the industry standard. Amongst his numerous design awards, he was recognized by BusinessWeek magazine and the Industrial Design Society of America as one of the "Best of the Decade" for his design work with the Gillette Company.

He is on the faculty of Northwestern University, where he serves as the Director of the Master of Product Development program and is a clinical professor in the mechanical engineering department of Northwestern's McCormick School of Engineering and Applied Science. He also serves as a faculty member in the Marketing Department at Northwestern's, Kellogg School of Management.

An expert in his field, he is frequently invited to speak at national and international industry trade shows and events.

Areas of Expertise
New Product Design
New Product Development
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Print Teaching
Full-Time / Part-Time MBA
The Management of Product Development (MKTG-464-A)

This course counts toward the following majors: Entrepreneurship & Innovation, Marketing, Marketing Management

New product design drives healthy companies, allowing organizations to differentiate from their competition and stimulate growth with sensitivity to changing consumer needs, and assuring an enterprise a strategic competitive advantage. But if that basic concept and the need for successful new products is commonly understood, why do some organizations succeed while others fail? Even in organizations with some great historical successes, it is often easier to find many more failures. There is a methodology, driven by a structured process, that allows surety and greater success in the development of new products. This course teaches that process for any student who may have the role of product manager, assuming that role includes new-product development. Areas of study include an overview of design and development including distinguishing factors for successful products, organizational structure for success, organizing the project into the appropriate phases and gates with go/no-go criteria, and developing a proposal format. The format will be from a consulting point of view (whether one is working as a consultant or with a consultant solving development programs) while assuring the manager a structure when working within one's own organization. Students will learn a basic knowledge of manufacturing techniques in order to more clearly speak and understand the language when working with engineers, industrial designers and production people, critical skills for those in a manufacturing-based organization or who deal with manufacturers. This mini-course is not intended to assure the manager proficiency as a designer, but rather to help the manager understand and manage the process of design and development in an efficient and professional manner.