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Innovation and Product Development II British English Student
Innovation and Product Development II British English Student
INNOVATION
AND PRODUCT
DEVELOPMENT II
Expemo code:
1D9L-8128-LHRC
1 Warm up
In pairs, discuss the following questions.
1. What do you think the second and third stages of product development might be?
2. What stages do your products go through after you’ve had the initial ideas?
3. Have you ever been involved in market research? What did you do? or what would you do if
you’ve not done it before?
2 Using vocabulary
Match the words to the definitions and write them in the correct place in the article on page three.
You may need to change the form of the word.
2. demographic (n) b. the very first version of something which later models are based
on
3. e-commerce (n) c. data relating to certain groups within a population
4. factor in (phr v.) d. statistics used for measuring the results of a particular action
3 Reading comprehension
2. What will tell you whether or not you have achieved what you wanted to achieve?
3. What will you need to create to gather all of the information you need?
4. What will you need to get a good picture of potential threats to your product in future?
6. What products are mentioned as examples of products that add benefits for a higher price?
A. Once you have completed the process of getting all of your ideas for a product together, it’s time to go to the
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next stage which is product definition. This is where you will your ideas and get a lot more
specific about how everything is going to work in practice. A key part of this stage is to decide on your success
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so that you can accurately decide on what achieving your goal will look like. This could be
the number of orders you have in the first year, for example, or the profits created over a set period of time.
You will also need to do a clear business analysis including in-depth research on competitors, your strategy for
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distribution of your product and your plan for which will be an essential aspect of modern sales
and marketing given the number of sales that now happen online.
B. The work you will have already done on how your product fills a gap in the market will need to have more detail
added for the value proposition. You may need to do further market research at this stage and do your best to
look ahead at what other products may come out in future from competitors that could reduce your market share.
With this in place, your marketing strategy will also need to be fine tuned. How are you going to handle the
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of your product once it is finished? What will customers need to know about it? Will you
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be selling to existing customers, reaching out to new markets, or trying to find different of
customers within markets you are already active in?
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C. The next stage will be to create a of your product. A useful measure to take at this point
is to create a minimum viable product (MVP) which is the product in its most basic form needed to get it to the
marketplace. This will be the cheapest and easiest possible version of the product to make and will help you decide
on the value of additional extras that you have in mind. For example, if you were making a phone, you’d want a
model that just allowed for phone calls. The ability to play videos on it, access the internet and play games would
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be additions that you could later. You may even end up deciding to make different versions of
the product that allow for added benefits at a higher price which is common with many products, from computers,
to cameras, to cars.
D. You will also need to make a clear plan for development, including how long each stage will take and who is going
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to be to each task. This will give you an accurate timeline for the project which you can use to
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manage the process. With this in place, you can also decide how your plans are and if you’ll
need more help, more time, or both to achieve your aims. When you have completed this stage, you will have all
the information you need to best predict all the problems and challenges that lie ahead. The more prepared you
are, the better the rest of the process is likely to go.
4 Focus on vocabulary
8. genuine (adj.) h. a sign that something is true or that something has happened
1. I walked into the apartment and immediately the view across the countryside hit me. That was
definitely the , but there were other great things about it too.
2. Their marketing tactics are quite so we will have to make sure our plans can
compete with them.
3. Our products usually to people in the over-50s age group, so we make sure we
advertise in places where they will see them.
4. He keeps playing YouTube videos at his desk without his earphones on which I find really
but I don’t think anyone else minds.
6. No one says much in our advert, but it’s very and beautiful to watch, so I think it
will be very successful.
7. I found this in a sale, it’s a Gucci bag and still in really good condition. I must have
paid about 20% of the original cost.
8. I think the poor reaction we got to our products when we were doing market research is a clear
we need to rethink what we’re doing and perhaps start again.
6 Listening comprehension
Complete the notes on the conversations with one, two or three words or a number.
Conversation 2 Wants to sell 3000 Agrees with Thinks they will need
units in the first 6 Sebastian. Thinks it’s more
months and possible to reach __________________.
__________________ in ________________ Can guarantee
the second half of the products in the first 6 completion ahead of
year. months, then double ___________________.
it in the second half.
7 Talking point
8 Extended activity/Homework
Look at the following products. Decide what you would need to create a prototype.
When you have decided on your ideas, discuss them with a partner or a small group and make a plan
for each one.