product innovation
company’s capability to introduce new products + features
firms operating in high change environments need to develop products…
quickly (respecting TMT)
ongoing basis
decreasing costs
high quality level
phases in the NPD process
idea stage
scoping + business case
development
testing
process development
launch
gate model
control mechanism at the end of each phase
4 alternatives: GO, KILL, REVIEW, FREEZE
evaluation criteria
corporate objectives, strategy, policy + values
marketing criteria
R&D criteria
financial criteria
production criteria
concept design
focuses on providing design solutions + technical innovation
cost of changes
increases w/ each phase in NPD process
sequential engineering approach
each stage is carried out separately, and the next stage cannot start until the previous is finished
concurrent engineering approach
ICT support in NPD process
communication technologies
product configurators
digital mock-up
CAD systems
rapid + virtual prototyping
impact of ICT on the evolution of NPD process
decreased TMT
decreased cost of different phases
increased customer interactions (more coherent solutions)
increased collaboration w/ supply chain actors
key principles for high productivity in NPD process (7)
customer focused
front-end loading (due diligence)
spiral development
holistic approach
metrics, accountability + continuous improvement
effective portfolio management
lean, scalable + adaptable process