Product Planning and Standardization Product * Something produced through labor‚ thought and growth. * It is simply a set of tangible physical and chemical attributes assembled in an identifiable form. New Product * It can be a replacement product for some but imitative to the other. Classification of New Product 1. Innovative Product * These product were created upon realization of an unanswered need in the market which has not been fulfilled by any substitutes.
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Chapter 8 - Product Planning and Development • Study by PricewaterhouseCoopers o ½ of plausible business ideas come from the customers‚ competitors‚ and suppliers o Imaginatik- created a technology based program that creates ideas but can help in deciding if they will work or not. ▪ Electronic suggestion box that allows people to discuss and analyze in the program o Important points: ▪ Ever company needs to develop new products to stay
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Module of product design and total quality management for aviation industry‚ aviation maintenance industry‚ pilots and students of aviation management Superior University Product Design and Development / TQM Module Handbook Contents 1. Staff and Course Delivery Arrangements 03 2. Course Introduction 03 3. Course Objective 04 4. Course Coverage 04 5. Student Gains 06 6. Teaching
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THE ROLE AND IMPORTANCE OF STAKEHOLDERS IN PRODUCT DEVELOPMENT Patrik Nilsson and Björn Fagerström Engineering and Industrial Design Product and Production Development Chalmers University of Technology SE-412 96 Göteborg‚ Sweden Abstract: Today‚ product development is a complex process: the designer continuously needs to consider new demands from different stakeholders and analyse how these demands can be fulfilled. Gathering and sharing stakeholder information is important‚ but is only beneficial
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IDEO QUESTIONS. Juan Pallares 1. What is the role of prototyping in IDEO? Is it central to their process? For IDEO‚ prototyping is the core of its design process‚ and how they use it is one of their competitive advantages. IDEO believes in explaining anyt design idea with prototypes‚ which helps people to focus on the same idea‚ or to find improvements of a single design easily. Prototyping is also a better way to show the customers the design your are thinking of‚ and helps them to
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Platt—Samsung How was Samsung able to go from copycat brand to product leader? Samsung was able to go from copycat brand to product leader by using a “new product development” strategy (Kotler and Armstrong‚ p.261). According to Kotler/Armstrong new product development is defined as the development of original products‚ product improvements‚ product modification‚ and new brand through the firm’s own product development. In 1993‚ the CEO and chairperson‚ Lee Kung Hee decided to revamp the company’s
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IDEO which is a successful example of a business model innovation is an international design and innovation consultancy founded in Palo Alto‚ California‚ United States. This case brief examines and analyzes some core competencies of IDEO so that it can give advice to Dennis Boyle‚ an IDEO project leader on whether or not to put aside his company’s tradition of spending substantial amount of time and effort on the product development process in order to rush the Visor PDA (Personal Digital Assistant)
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MacKin- ley hounding me about quotas and compliance; after all‚ I’d been one of the top three reps‚ averaging $300‚000 per year. I dreamt of having MANAGER on my door. My view back in 1995 was this: I understand sales and the Bulwark line of products. I understand reps. That’s all it takes. That night‚ my wife‚ Jane‚ said that she wasn’t sure it was a good thing for us or for Jamie‚ our son. I remember her exact words.
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New Product Planning and development New products are a vital part of a firm’s competitive growth strategy. Leaders of successful firms know that it is not enough to develop new products on sporadic basis. What counts is a climate of a products development that leads to one triumph after another. It is commonplace fro major companies to have 50percent or more of their current sales in products introduced within the last 10 years. Some Additional facts about new products are: • • • • • Many new products
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SM0374 Your Undergraduate Programme Learning Goals At the end of your programme of study you will be: 1. Knowledgeable about the theory and practice of international business management 2. Skilful in the use of professional and managerial techniques and processes 3. Aware of ethical issues impacting on business and professional practice 4. Employable as graduates All of the learning that takes place within modules is designed to enable you to achieve the above goals and your assessment
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