Nurainie Sidek's List: CF

• • in contrast to a reactive strategy in which nothing is done until problems occur or the competitor introduces an innovation

  • idea: Industry LEADERS take proactive actions (through proactive business strategy) to identify market changes and seize NPD opportunities b4 they occur....cool.
  • 1 more sticky notes...

  • • Proactive actions are intended to cause changes, rather than just reacting to change.
• • topic idea:
    d factor is intense competiton (local n internationally), which is measured by
    i) the increase in no. of competitors and
    ii) level of aggressivess/intense
• To reduce the time that the NPD process takes, many companies are completing several steps at the same time (referred to as concurrent engineering or time to market). Most industry leaders see new product development as a proactive process where resources are allocated to identify market changes and seize upon new product opportunities before they occur (in contrast to a reactive strategy in which nothing is done until problems occur or the competitor introduces an innovation). Many industry leaders see new product development as an ongoing process (referred to as continuous development) in which the entire organization is always looking for opportunities.
• a more flexible approach may be advisable.
• cross-functional teams are a common w
• In those industries where products are technically complex, development research is typically expensive, and product life cycles are relatively short, strategic alliances among several organizations helps to spread the costs, provide access to a wider skill set, and speeds the overall process.
• The Fuzzy Front End is the messy "getting started" period of new product development processes.
• The Fuzzy Front End ends when an organization approves and begins formal development of the concept.
• Although the Fuzzy Front End may not be an expensive part of product development, it can consume 50% of development time
• and it is where major commitments are typically made involving time, money, and the product’s nature,
• included in the total development cycle time.
• essential part of development rather than something that happens “before development,”
• NPPD (New Product & Process Development)strategy
• The fifth element is the concept and technology developmen
• Some organizations consider this to be the first stage of the NPPD process
• vital predevelopment activities
• The outcomes of FFE

• NPD organizations

   
   
  • Product Development and Management Association (PDMA)
   
  • Association of International Product Marketing & Management
   
   

  [edit] NPD strategies

   
   
  • Design for six sigma
   
  • Stage-Gate model
   
  • Quality function deployment
   
  • Flexible product development

16 more annotations...

• This line of investigation is supported by the views that quality education is defined not only by the academic credentials criteria, but also the development of personal transferable skills.
• These skills can be developed through better exposure to the world of work via work experience placements in industry, and career and labour market information.

• The process of identifying and ranking the competitive factors is critical to management for formulating manufacturing strategy because it prioritizes criteria by which manufacturing performance will eventually be evaluated.
• 382 US computer and electronics firms shows that higher product quality and lower production cost are the most important competitive factors.