Mantova 18/10/20 02 "A Roadmap to New Product Development" Supporting Innovation Through The NPD Process and the Creation of Spin-off Companies
Dec 25, 2015
Mantova 18/10/2002
"A Roadmap to New Product Development"
Supporting Innovation ThroughThe NPD Process
and the Creation of Spin-off Companies
Mantova 18/10/2002
NPD
Road
map
Elements of Innovation
New Product Development Roadmap.
Is a tool that can help companies and organizations to successfully develop new products or upgrade existing ones through a series of logical steps, starting New from the process of idea generation and ending at the launch of the product into a market. This kind of roadmap is usually based on the model developed by Dr. Robert G Cooper and it is known as Stage – Gate Process.
Creating a spin off company.Spin offs are the new entrepreneurial activities that have as a scope the financial utilization of innovative results of scientific research, which could be products, services, processes or even organizational structures.
Mantova 18/10/2002
NPD
Road
map
Creating the Roadmaps
Content Presentation
Software Tools
BooksWeb Links
Articles
Input
Output
Black Box
Roadmaps
New
Product D
evelopment
A
Creating a spin off com
pany
B
Flow DiagramTheoretical
Analysis Research
Mantova 18/10/2002
NPD
Road
map
The User Perception
Sequential progress through the roadmap stagesEach roadmap will include sub-stages and decision points which will act as gates – that will allow the user to go from one stage to another.Ability to create new projects on each roadmap and. Analyze. Plan. Monitor them.
Activity log: It will be user – friendly and all data entered will be saved in a database for future reference and evaluation or benchmarking.Most of the tools or techniques that are available today for each of them will be included in the roadmap depending on the stage that the users exploits.
Roadmaps
Mantova 18/10/2002
NPD
Road
map
Schematic Approach
IdeaGeneration
IdeaScreeningConcept
DevelopmentProduct
DevelopmentProductLaunch
Mantova 18/10/2002
NPD
Road
map
I. Idea Generation
Generation of new ideas
There are many techniques
and tools
Internal & external sources
Requires a person who will
collect the proposed ideas
Conjoint Analysis
Quality Functional Deployment
Voice of Customer
Brainstorming
Use of Competitive
Intelligence
Mantova 18/10/2002
NPD
Road
map
Brainstorming Facts
Good technique to obtain broad and odd ideas for new products that can be developed fast.
There is individual and group brainstorming. Both have their advantages and disadvantages.
Group is more effective but individual a lot more productive.
In group it is critical the set up of rules that will govern each session.
Mantova 18/10/2002
NPD
Road
map
Use of Competitive Intelligence
Use of public resources to find out about competition.
Information gathered must not only be on competitors but also on market trends and market situation, technological advances and economic conditions.
Very thin line between C.I. and industrial espionage so one must be extremely careful of what information he gathers and from where.
On – line tool available can be found at http://www.newventuretools.net under Technology Watch.
Mantova 18/10/2002
NPD
Road
map
Conjoint Analysis
Can be used in stage 1 of the roadmap.
Very useful in the case of developing complements or upgrades of
existing products.
It works by describing product features and characteristics of a
family products or of a single product, and by obtaining feedback on
these one can determine the level of importance of each as a
numerical value.
By comparing these numerical values, product features can be
optimized, competitor products evaluated and new products can be
developed.
Mantova 18/10/2002
NPD
Road
map
II. Idea Screening Concept Development
Typically a combination of should and ought to be criteria
The first allocation of resources
Preparation of the action plan
It includes elements such as If it fits with the company
strategy Competitive advantages Market attractiveness Technically feasible
Cost benefit analysis
QFD Quality Function
Deployment
Qualitative Research
Quantitative Research
Mantova 18/10/2002
NPD
Road
map
Cost Benefit Analysis Business Plan
Why ? The basic objective is to secure finances external or internal to start up a
business venture such as new product development.
When ? The sooner the better. Usually a business plan or a cost benefit
analysis that is prepared in the last minute, leads to failure and the product never
makes it to the market.
Who ? A team of specialized personnel coming from different principles and
company departments must provide input and not a single individual.
Usually used in the beginning of NPD since one will want to know if the proposed
NPD process will lead into a profitable product or not.
Tool available on-line at http://www.newventuretools.net under Financing Innovation
and will be possible either integrated or used in parallel with the roadmap.
Mantova 18/10/2002
NPD
Road
map
Qualitative – Quantitative Research
Company research tool that gets a feel of the research topic.Used in stage 2 of the roadmap.Not accurate since it targets focus groups and not the whole of the market.Focus groups can be manageable potential customers or users.Results are usually subject to great statistical errors.Helpful for small companies due to its cost and to the fact that they can recover easily from wrong actions taken based on the research data.
Based on accurate numerical measurement of the entire market population.
Also used in stage 2 of the roadmap but by large companies or corporations that can not afford making mistakes on product concept or idea screening.
Needs well designed questionnaires, random sample and large sample of interveners.
More demanding and informative questions used than the ones in qualitative research.
Qualitative Research. Quantitative Research.
Mantova 18/10/2002
NPD
Road
map
Quality Function Deployment QFD
The QFD methodology is based on an engineering approach.
QFD use a series of matrices to document information collected
and represent a plan for product development.
Matrices include the “Product Planning Matrix”, the “Concept
Selection Matrix” and the “Assembly – Deployment Matrix”.
QFD can be used in both Stage 1 and 2 of the NPD Roadmap in
development.
Mantova 18/10/2002
NPD
Road
map
III. Product Development
Implementation of the action plan for product development
Implementation of lab and alpha testing
Production of lab tested (alpha) prototype or sample
Implementation of tests with a sample of customers
Planning of Production
Design of test & control plans
Design of a plan about the market launch of the new product
Outsourcing
Prototyping
Mantova 18/10/2002
NPD
Road
map
Outsourcing & Prototyping Techniques
Outsourcing can be the cheap way to develop a new product.With outsourcing a task is passed to someone that can do it more effectively.Outsourcing allows companies to develop products without allocating resources to their development.Points that need to be mentioned, that can lead to either success or failure outsourcing are good contracting, good process management, cost and end-result benchmarking.
Prototyping can reduce development time since it can be used to test products prior to their market launch.
Rapid prototyping is one of the techniques that can be used but it is under development due to the existing technology.
Rapid tooling and rapid manufacturing come as a result of rapid prototyping.
It can be expensive but also highly informative as it gives a 3D feel of the product under development.
Outsourcing Prototyping
Mantova 18/10/2002
NPD
Road
map
IV. Product Launch
Implementation of The production plan The quality assurance plan The market launch plan The plan for monitoring
and controlling the product after the its introduction to the market
The Product life cycle plan
Mantova 18/10/2002
NPD
Road
map
NPD Roadmap ConcludingGeneration of New ideas
Idea ScreeningConcept Development
ProductDevelopment
ProductLaunch
Content Presentation
Software Tools Books
Web Links
Articles
Case studies
Mantova 18/10/2002
NPD
Road
map
Tools & Techniques to Be Used
Tools Techniques
Conjoint Analysis Outsourcing
Quality Functional Deployment Prototyping
Voice of Customer Competitive Intelligence
Qualitative Research CAD/CAM
Quantitative Research Reverse Engineering
Brainstorming Reengineering
Cost Benefit Analysis