1538 control theory
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Control theory in new product development (NPD) helps teams to reach innovation goals. Goals must meet criteria of hierarchy, specificity, and attainability. The product innovation charter and the NPD process help teams to design goals and understand the feedback loop from a control theory perspective.
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Introduction to Lean Startup methodology with overview of Vision -> Strategy -> MVP -> Build -> Measure -> Learn -> Cut Waste -> Pivot progression. Fun quizzes and tests explaining concepts like split testing and cohorts. Second part of the presentation goes over how to use Lean Startup in development. Adjusting dev cycle to focus more on learning and to move through the iterations faster. Continuous deployment and production metrics to help move code from the developer to the end user.
Om ibs-2
Operations management involves directing and controlling processes to transform inputs into products and services. It is a set of decisions made by operations managers regarding strategic, process, quality, capacity, location, and operating issues. Key decisions include determining strategic priorities, improving processes, establishing quality objectives, determining system capacity and layout, and coordinating supply chain and resource planning. Operations management aims to attract more customers than competitors through product/process expertise and quick delivery.
What is Product Strategy? Overview
The document discusses the importance of having a lean and agile product strategy. It argues against a "big bang" approach to product development and deployment, noting the risks of overbuilding features, prioritizing the wrong things, and struggling to attract customers without validating the product with real users. Instead, it advocates for developing the product iteratively through regular deployments of "thin slices" of functionality, allowing the product vision to evolve based on customer feedback. This approach provides greater visibility, business value, adaptability to change, and reduces risk compared to attempting to deliver the full product solution at once without customer validation.
1517 opportunity-identification
Opportunity Identification in new product development requires understanding the strategy, business model, and key competencies for the innovation effort.
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This document outlines an agenda for an Agile 101 training session. It includes exercises to teach Lean and Agile principles using a penny game. It then covers what Agile is and isn't, the Agile manifesto and principles, an introduction to Scrum framework including artifacts and roles. Planning, daily stand-ups, sprints, and retrospectives are discussed. A Lego Scrum game simulation is described to illustrate a Scrum process over three sprints with optimization of the team.
Paolovirata.chap20 tenconceptssummary
The document outlines 10 key marketing concepts related to new product development and adoption. It discusses ideas generation, screening, concept development/testing, marketing strategy development, business analysis, product development, market testing, commercialization, and the stages of consumer adoption. For each concept, it provides brief explanations and examples.
Agile2017 Don't write that cheque! It's time to ditch upfront funding.
Organizations have typically adhered to an annual budgeting ceremony where funds are allocated across an organization to a variety of program and project areas. The purpose is to realize the organization’s strategy. Unfortunately, the success of this approach is mixed at best. Funding is decided upfront based on assumptions that are poorly understood. Once work is broken down there is little connection to the organizational value it’s supposed to deliver. There is little accountability for business results the further a team is away from executive leadership.
Value Driven Management (VDM) is a way of working that advocates embracing agile principles throughout the entire organization (including Finance, HR, PMO, Product, Program, Portfolio). This approach enables leaders to steer their strategic portfolio more deliberately to maximize value from investments and realize the outcomes earlier.
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Product and brand management unit-2
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Product Market Evolution: Strategy and Planning. New Product Development: Innovation and New Product Development (NPD), Theories of NPD, Models of NPD, Generic Product Development process.
New Product Introduction, Growth Strategies Intensive, Interactive, Diversification Strategies. Product Portfolio analysis BCG, GE, Ad little. Shell International, Risk-Return analysis.
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The General Electric/McKinsey matrix
• Shell directional policy matrix
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Strategy encompasses an organization's mission, vision, and values, and introduces change to reach a desired future state through investment decisions aimed at profitable growth over the short, medium, and long term. Portfolio management tactically aligns projects and ensures proper resource allocation and consistency as determined by senior management and an organization's innovation culture. A structured new product development process operationally implements the innovation strategy by advancing individual projects through gate meetings, prior work reviews, and approving future plans under the direction of mid-level management to align with organizational goals.
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Economics evaluation of new product development project must involve the costs of development and manufacturing during stage 4, technical development.
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1513 inverted innovation
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AIChE Regional Process Technology Conference - Don't Forget the Product
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The document discusses the importance of product development for chemical engineers. It notes that 50% of new products fail due to a lack of customer understanding and upfront homework. The presentation recommends chemical engineers link new product development to strategy and market research to better understand customers. Applying best practices frameworks from innovation strategy to product lifecycle management can increase revenue 7-10X compared to no structured process.More from Teresa Jurgens-Kowal, NPDP, PMP (6)
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