Five specific tools for improving the new product development process are identified and explained in the textbook reading for this module. Each of these tools has its advantages and disadvantages, but not all of these six tools are appropriate for all new product development processes. Consider the technological innovation you are proposing for your final project, and evaluate each of these six tools relative to the new product development that will be required for your innovation. Analyze each tool and recommend whether the tool should be used for improving the new product development process for your product. Be sure to explain and justify your recommendation.
The analysis papers in this course will prompt students to look more deeply at the components of technological innovations and will encourage students to apply this knowledge to the development of their final projects.
What to Submit
Analysis papers should follow these formatting guidelines: 2–3 pages, double spacing, 12-point Times New Roman font, one-inch margins, and citations in APA format.
A white sheet with black text Description automatically generated
Textbook: Strategic Management of Technological Innovation, Chapter 11 This chapter discusses the product development process and different development approaches that can help reduce development time and cost while increasing the ability of the product to meet the customer’s expectations.
Library Article: Analysis of Sources of Innovation, Technological Innovation Capabilities, and Performance opens in new window
This paper studies two approaches to technology innovation in manufacturing: acquiring new technology versus developing new technology.
Library Article: Is Your Innovation Process Global? opens in new window
This article discusses innovation in global enterprises and the challenges associated with globally distributed innovation processes.