Best Practices in Fostering Innovation
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The document discusses best practices for fostering innovation while maintaining quality and compliance. It recommends defining the business objective and value of projects upfront. It also suggests implementing a quality management system (QMS) that includes elements like document control, roles and responsibilities, change control, inspections, and training. The QMS should be defined, activities planned, and responsibility partitioned and documented in a quality plan. It also warns to avoid concurrent technology development and product design.
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This document outlines the key stages in the new product development (NPD) process. It begins with generating ideas for new products, which can come from internal or external sources. Ideas are then screened using criteria like market size and development costs. Successful concepts are developed and test marketed to customers. If testing goes well, the product proceeds to commercialization with a full market launch. The NPD process helps companies focus their resources on projects most likely to be rewarding and brings new products to market more quickly. It describes common challenges in NPD like defining specifications and managing resources and timelines, and how to overcome them through planning and cross-functional involvement.
Research and Development
R&D refers to activities companies undertake to innovate new products and services. The goal is to develop innovations that can be brought to market to improve the company's bottom line. The R&D process involves defining ideas, designing prototypes, developing selected ideas, and delivering final products to market after testing. Companies must balance integrating R&D objectives with business goals, effectively planning and managing R&D projects, and considering R&D as a strategic competency rather than just a collection of projects.
Innovation strategyroadmap ppt
1. Reinstitute a cross-functional leadership team to oversee the stage gate process and review projects at each gate. This provides accountability and ensures a portfolio view.
2. Reinstate clear gates with go/no-go criteria at ideation, concept, development, launch, and tracking stages. Gates prevent underdeveloped projects from advancing and focus resources.
3. Implement consistent project leadership from ideation through tracking to ensure proper execution. Leaders are accountable for success and have authority over cross-functional teams.
4. Conduct rigorous tollgate reviews that focus on challenging assumptions
Chap002
This document summarizes key aspects of the new product development process as described in Chapter 2 of the textbook. It provides an overview of Procter & Gamble's use of a strategic process to successfully transform its cosmetics business unit. It then outlines the typical phases of the new product process - opportunity identification, concept generation, concept evaluation, development, and launch. For each phase, it lists the main activities and goals. The document also discusses techniques for accelerating new products to market and managing breakthrough innovations.
Product Management in New Companies
This document outlines product management methods for new and young companies. It discusses developing a product roadmap through defining market problems, requirements, positioning, and business case. It recommends testing hypotheses with customers to define a minimum viable product and business model. The Lean Startup approach of validating a business model canvas with external parties before major development is emphasized to improve chances of success.
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- 3. 3 W E L L N E S S F O R B U S I N E S S ® What Design Quality Management System? Document Control Roles and Responsibility Change Control Inspection Measurement and test Purchasing Controls (Suppliers) Training Design Controls •Define the supporting QMS elements •Plan Design QMS activities •Partition responsibility •Document in Quality Plan •Monitor QMS performance • Plan Manufacturing transfer QMS When did I start to design? •Be very clear when you start the design •Try not to do technology development and product design at the same time Concept Design Design Controls Begin Kimberly A. Trautman
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