TY - JOUR AB - Recent changes in the financial services industry have placed unprecedented pressure on senior managers to develop and launch new services. Presents the results of a study into the development activities of new financial services through a comparison of successful and unsuccessful new services. It was discovered that the development activities are more rigorous and comprehensive for successful new services than for failures. Institutions which used a systematic process of well‐defined development stages tended to have higher chances of successful outcomes. VL - 8 IS - 3 SN - 0887-6045 DO - 10.1108/08876049410065606 UR - https://doi.org/10.1108/08876049410065606 AU - Edgett Scott PY - 1994 Y1 - 1994/01/01 TI - The Traits of Successful New Service Development T2 - Journal of Services Marketing PB - MCB UP Ltd SP - 40 EP - 49 Y2 - 2024/04/23 ER -