The document discusses adapting the generic product development process for different types of products. It describes technology push products as starting with a new technology that is then matched to a market opportunity. The generic process is then followed. For high-risk products, the largest risks are addressed earliest in development through modifications. Quick-build products involve many design-build-test cycles. Chapters 3 and 4 discuss developing a product plan and mission statement as a 5-step process that includes identifying opportunities, evaluating projects, allocating resources, pre-project planning, and reflection.
The document discusses adapting the generic product development process for different types of products. It describes technology push products as starting with a new technology that is then matched to a market opportunity. The generic process is then followed. For high-risk products, the largest risks are addressed earliest in development through modifications. Quick-build products involve many design-build-test cycles. Chapters 3 and 4 discuss developing a product plan and mission statement as a 5-step process that includes identifying opportunities, evaluating projects, allocating resources, pre-project planning, and reflection.
The document discusses adapting the generic product development process for different types of products. It describes technology push products as starting with a new technology that is then matched to a market opportunity. The generic process is then followed. For high-risk products, the largest risks are addressed earliest in development through modifications. Quick-build products involve many design-build-test cycles. Chapters 3 and 4 discuss developing a product plan and mission statement as a 5-step process that includes identifying opportunities, evaluating projects, allocating resources, pre-project planning, and reflection.
1 Technology pushes development; firm comes up with new technology and looks for an appropriate market to apply it in. 2 Gore tex company read 3 Generic Product Dev process could be used with minor modifications. Begins with the planning phase, in which tech is matched with market opportunity. Later, same generic product dev process is followed. 4 The new technology will be embodied in the product concepts considered by team 5 Product is unlikely to succeed unless, new tech offers clear competitive advantage and alternative tech is unavailable 6 Minimize project risk by considering merits of alternatives that do not use the new technology and compare Platform Products: 1 Platform products are built around existing technological systems High Risk Products 1 Generic product dev process is modified in high-risk products by taking steps to address the largest risks in the earliest stages of product dev. Quick-Build Products 1 Many design-build-test cycles
Chapter 3: Opportunity is an idea for a new product.
Chapter 4 Developing a product plan and mission statement is a five step process, including the following 1. Identify opportunities 2. Evaluate and prioritize projects 3. Allocate resources and plan the timing 4. Complete pre-project planning 5. Reflect on the results and the process