The document discusses new product development. It states that new product development is important for startups to guide the direction of the company and determine its success. It is key to gaining a competitive advantage but can be difficult for entrepreneurs with limited experience and resources. The document also discusses the importance of designing new products at minimal cost without sacrificing quality, and developing the technical aspects through experience rather than textbooks.
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Using Market Research For Product DevelopmentResearchShare
Businesses compete to create products and services that are "New." Market research finds insights into the needs of customers and can improve or disprove a hunch. Specific questions must be addressed during the process to refine the "new" idea, examined by B2B International in this white paper.
Reference : Schilling, Melissa A. 2017. Strategic Management Of Technological Innovation. New York : McGraw-Hill Education.
http://sif.uin-suska.ac.id/
http://uin-suska.ac.id/
In this article, we examined strategic issues in technology and innovation as they impact environmental scanning, strategy formulation, and strategy implementation. It also examines issues in creating new businesses by properly managing new technology and innovative concepts. It hopes to illuminate issues for Nigerian businesses as to be competitive in today‘s modern world.
Nystrom (1990) described high tech markets as marketing dependent and technologically driven. Unfortunately, there is evidence that this linkage is not often recognized by organizations (Gupta, Ray and Wilemon 1985). High tech markets are characterized as complex. In addition, they exist under rapidly changing technological conditions which lead to shorter life cycles (Davidow 1986) and the need for rapid decisions (Bridges, Coughlan, and Kalish 1991). The importance of speed in high tech markets is driven by increasing competition and the continually evolving expectations of customers (Doyle and Saunders 1985). All of this is compounded by higher levels of risk for both the customer and the producer.
The value of any technological innovation is only partly determined by what the tech-nology can do. A large part of the value of an innovation is determined by the degree to which people can understand it, access it, and integrate it within their lives. Effective deployment strategies can reduce uncertainty about the product, lower resistance to switching from competing or substitute goods, and accelerate adoption.
In the outsourcing territory, research and development (R&D) is considered the final frontier. That’s because R&D is seen as a source of...innovation – the mother of competitiveness, which is to be protected at any cost. As we all well know, from our business studies text books, core activities should never be outsourced.
THIS IS AN ARTICLE ON THE THEME- "INNOVATE". THE ARTICLE IS PART OF TASK (CONTENT WRITING) UNDER THE CONTENT DEVELOPMENT DOMAIN. THE ARTICLE IS PUBLISHED ON MEDIUM. THIS TASK IS PART OF THE GRIP INTERNSHIP BATCH JANUARY 2022.
YOUR CHILD DEVELOPMENT CHART INFANTS AND TODDLERS (0–2 YEARS).docxodiliagilby
YOUR CHILD DEVELOPMENT CHART: INFANTS AND TODDLERS (0–2 YEARS)
SECTION 1: MAJOR DEVELOPMENTS
BIOSOCIAL
Brief Description of Example
Body Changes
1.
2.
Brain Development
1.
2.
Sensation and Movement
1.
2.
COGNITIVE
Brief Description of Example
Sensorimotor Intelligence
1.
2.
Information Processing
1.
2.
Language Development
1.
2.
PSYCHOSOCIAL
Brief Description of Example
Emotional expression
1.
2.
Social Bonds
1.
2.
SECTION 2: THE INTERPLAY BETWEEN DEVELOPMENTAL DOMAINS
Name of Developmental Topic:
Description of Interplay Between Domains:
SECTION 3: WAYS TO FOSTER HEALTHY DEVELOPMENT
Name of Developmental Instance:
Brief description of how to foster healthy development:
SECTION 4: REFLECTION ON VIDEO:
· Web Video: Center on the Developing Child–Harvard University. (n.d.). Three core concepts in early development: 1. Experiences build brain architecture. [Video file]. Retrieved from http://developingchild.harvard.edu/index.php/resources/multimedia/videos/three_core_concepts/brain_architecture/
· Web Video: Center on the Developing Child–Harvard University. (n.d.). Three core concepts in early development: 2. Serve & return interaction shapes brain circuitry. [Video file]. Retrieved from http://developingchild.harvard.edu/resources/multimedia/videos/three_core_concepts/serve_and_return/
· Web Video: Center on the Developing Child–Harvard University. (n.d.). Three core concepts in early development: 3. Toxic stress derails healthy development. [Video file]. Retrieved from http://developingchild.harvard.edu/index.php/resources/multimedia/videos/three_core_concepts/toxic_stress
*Note: Use APA format. Cite your sources as in-text citations in APA format. Include a reference list at the end of your child development form.
Please indent the paragraphs and double space.
Brief Description of Selected Topic/Idea from Video
Personal Reflection
Business Strategy 751
Lasell University
Shiv Kapur
03/01/20
The Future And How To Survive It
The Five Forces That Shape Strategy
Rivalry among
existing
competitors
According to the article, multinational companies in both Europe and North America
are being faced by threats from surprisingly familiar competitors, especially those
they have always been aware of. However, these existing competitors have their foot
in some form of technology, and can even be relatively smaller enterprises which
have begun venturing into technology. The advantages that these multinational
companies used to enjoy, including scale, a global presence as well as falling costs,
are no longer sufficient to match the combined competitive efforts from both existing
firms as well as upcoming ones.
Threat of new
entrants
While the existing competitors already have their foot in technology, the even greater
threat to existing multinationals lies in the technology sector. The revenue generated
from this sector has increased by as muc ...
YOUR CHILD DEVELOPMENT CHART INFANTS AND TODDLERS (0–2 YEARS).docxhyacinthshackley2629
YOUR CHILD DEVELOPMENT CHART: INFANTS AND TODDLERS (0–2 YEARS)
SECTION 1: MAJOR DEVELOPMENTS
BIOSOCIAL
Brief Description of Example
Body Changes
1.
2.
Brain Development
1.
2.
Sensation and Movement
1.
2.
COGNITIVE
Brief Description of Example
Sensorimotor Intelligence
1.
2.
Information Processing
1.
2.
Language Development
1.
2.
PSYCHOSOCIAL
Brief Description of Example
Emotional expression
1.
2.
Social Bonds
1.
2.
SECTION 2: THE INTERPLAY BETWEEN DEVELOPMENTAL DOMAINS
Name of Developmental Topic:
Description of Interplay Between Domains:
SECTION 3: WAYS TO FOSTER HEALTHY DEVELOPMENT
Name of Developmental Instance:
Brief description of how to foster healthy development:
SECTION 4: REFLECTION ON VIDEO:
· Web Video: Center on the Developing Child–Harvard University. (n.d.). Three core concepts in early development: 1. Experiences build brain architecture. [Video file]. Retrieved from http://developingchild.harvard.edu/index.php/resources/multimedia/videos/three_core_concepts/brain_architecture/
· Web Video: Center on the Developing Child–Harvard University. (n.d.). Three core concepts in early development: 2. Serve & return interaction shapes brain circuitry. [Video file]. Retrieved from http://developingchild.harvard.edu/resources/multimedia/videos/three_core_concepts/serve_and_return/
· Web Video: Center on the Developing Child–Harvard University. (n.d.). Three core concepts in early development: 3. Toxic stress derails healthy development. [Video file]. Retrieved from http://developingchild.harvard.edu/index.php/resources/multimedia/videos/three_core_concepts/toxic_stress
*Note: Use APA format. Cite your sources as in-text citations in APA format. Include a reference list at the end of your child development form.
Please indent the paragraphs and double space.
Brief Description of Selected Topic/Idea from Video
Personal Reflection
Business Strategy 751
Lasell University
Shiv Kapur
03/01/20
The Future And How To Survive It
The Five Forces That Shape Strategy
Rivalry among
existing
competitors
According to the article, multinational companies in both Europe and North America
are being faced by threats from surprisingly familiar competitors, especially those
they have always been aware of. However, these existing competitors have their foot
in some form of technology, and can even be relatively smaller enterprises which
have begun venturing into technology. The advantages that these multinational
companies used to enjoy, including scale, a global presence as well as falling costs,
are no longer sufficient to match the combined competitive efforts from both existing
firms as well as upcoming ones.
Threat of new
entrants
While the existing competitors already have their foot in technology, the even greater
threat to existing multinationals lies in the technology sector. The revenue generated
from this sector has increased by as muc.
Similar to PPt Of New product development strategy of samsung (20)
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Ethnobotany and Ethnopharmacology:
Ethnobotany in herbal drug evaluation,
Impact of Ethnobotany in traditional medicine,
New development in herbals,
Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
PPt Of New product development strategy of samsung
1.
2. Introduction To New Product Development
New product development is one of the most important aspects of a new enterprise start up
and is the activity that will most influence and guide the direction of the firm throughout its
life. The process of new product development and the success of the product in the market
will primarily determine how well the company will sustain itself and be the key to
developing any competitive advantage of the firm over others. The new product development
function has been neglected in entrepreneurship literature, yet it is an extremely important
key to success in the new venture and an extremely difficult process considering new
entrepreneurs may not as yet developed the all round expertise, experience and resources of
large companies. Another area of neglect in new product development and entrepreneurship
literature is the actual formulation, design, packaging and manufacturing process
development of a new product, which is the link between technology and the market in any
new venture creation.
One of the keys to successful new product and process development is the design and
production of a new product with the minimal resources possible without sacrificing any
quality of the finished and marketable article. For the entrepreneur, this process must be
undertaken in a heuristic manner (discussed later), rather than through any strict
disciplinary approaches, advocated and practiced by large companies. This is one of the ways
a new venture can gain competitive advantage over larger companies, if the product and
process can be designed and built for a fraction of the cost that more established enterprises
can achieve. Thus product development is one of the most important processes of new
venture creation. New product development is a discipline where the technical aspects are
learned as you go along the process, as most of these aspects are not in any text books, but
come from people’s lives and experiences. This is a reality of new product development that
even MNCs have to face. New product development is both a manifestation and extension of
strategy in terms of what the company puts into the marketplace, steering the direction of
the enterprise and at the same time, an influence upon strategy or a restraint upon strategy
because founder and/or team capabilities limit the set of options available to the new
venture in terms of what can be done in the marketplace in terms of product.
3. The Role Of Product Development
In The Enterprise
As mentioned in the introduction, new product development is the manifestation of the
idea to exploit the chosen opportunity. It is the centre of all strategies and the vehicle that
will get the enterprise going in the market. New product development is the chosen basis
of growth for companies like Siemens, Nokia, Sony, Apple and Glaxo of which they have
completely relied upon as a strategy. These companies are what they are today because of
new product development. The place of new product development in the web of
company strategies and operations is shown in figure 1.1.
Growth
Sales
Survival
Profit
s
Marketing
Finance
Production
Purchasing
Accounting
Strategic
Management
Supply
Chain
Management
Resources
New Product
Development
Regulation Product Design
Intellectual Property
Standards
Process Development
Skills & Learning
Strategy
4. Invention Verses Innovation
Many people relate new product development to invention. However invention only makes up a small part of new
products and less than 2% of all patents are actually commercialized. Inventors are usually good at developing ideas
into concepts and tangible items, but not all inventions satisfy consumer wants and needs. It is particularly difficult for
an inventor to successfully develop a product in the market by themselves because of the tremendous resources needed
to develop the market to make consumers aware and educate them about the new product. Many inventions, although
novel, fail to solve any real consumer needs, or fail to satisfy them effectively and thus fail to gain much interest from
consumers.
1. Personal Computers
2. Microwave oven
3. Photocopier
4. Pocket Calculator
5. Fax machine
6. Birth Control Pill
7. Home VCR
8. Communication
Satellite
9. Bar Coding
10. Integrated Circuit
11. Automatic Teller
12. Answering Machine
13. Velcro Fastener
14. Touch-Tone
Telephone
15. Laser Surgery
16. Apollo Lunar
Spacecraft
17. Computer Disk Drive
5. New Product Development By
Technology
Intellectual property must be defined widely to include trade secrets and commercially confidential
information, which can also be called proprietary technology. Patents as a form of intellectual property rights
have issues related to their scope of protection, are sometimes hard to justify in terms of costs due to the small
market the novelty will serve, are expensive to gain registration and take a long period of time before they are
accepted through process and review procedures. Jaffe and Van Wijk state that in many jurisdictions patent
enforcement is very difficult due to slow court systems, bias against foreign plaintiffs, lack of technical
competence and a general inability to enforce judgements. A survey undertaken by Lessor found that
companies tended not to patent their innovations in many cases, due to the fear that waiting would allow
other companies to copy and counterfeit the product first in developing countries that had markets too small
to justify the cost of registering a patent. Grubb argues that in biotechnology, patents as a form of intellectual
property rights do not serve the same purpose as in the electronics industry, where patents are used as
‘bargaining chips’ in cross licensing agreements and patent pooling as there are common product standards
imposed by necessity and regulation.
There are other alternative forms of intellectual property protection used by companies that maintain trade
secrecy and advantage over competitors. Trade secrets can be guarded and protected within an organisation
by maintaining employment contracts with secrecy agreements that can be enforced through contractual
remedies. These include specifically tailored production processes, mode and control of reactions and
formulations used in the production of products by a company. Under legal license agreements, this
technology, although unpatented can be protected as proprietary knowledge under contract law. The rapid
changing nature of technology and continual improvement upon processes and product, is itself a mode of
protection, as long as the company maintains pro-active R&D in process and product development. Patents
applications can often become redundant before the application is even reviewed by the patent office in an
environment of continual technology change.
Nogus, N., Patents and Pharmaceutical Drugs: Understanding Pressures on Developing Countries,
Washington DC, World Bank, Sept. 1990, WPS 502.
Jaffe and Van Wijk, The Impact of Breeders’ Rights in Developing Countries, University of Amsterdam, Inter-
American Institute for Co-operation of Agriculture, October 1995. http://www.wipo.int/about-
ip/en/studies/pdf/study_jaffe.pdf
Lesser, W., Role of IPR in Biotechnology Transfer – Corporate Views, Undated, P.5.
http://www.wipo.int/about-ip/en/studies/pdf/ssa_lesser_biotech.pdf
Grubb, S., Patents for Chemicals, Pharmaceuticals and Biotechnology, Oxford Clarendon Press, 1999, P. 377.
6. Introduction Of Samsung Company
Over the past 39 years, Samsung Electronics Company (SEC) has evolved
from a low cost manufacturer of black and white televisions, to one of the
most technologically advanced and prestige companies of modern day
time. Throughout the 1990’s, SEC’s chairman, Kun Hee Lee, demanded
that the company as a whole re-think their key fundamentals and set the
stage for long-term commitments to investment in innovative, premium
products and brand value. As a result of the recognized opportunities,
Samsung pursued a bold combination of strategies to re-define
themselves. Many of these methods were unconventional but lead to great
success over the next several years (Exhibit 1). As Samsung continued to
grow, Executive VP of Global Marketing, Eric Kim, was forced to make a
difficult decision. Should Samsung continue to offer a “one size fits all”
product promotion or shift their focus towards more complex customer
segmentation? The most important factors in determining whether or not
Kim should pursue more customized devices in his marketing planning
revolve around Samsung’s ability to continue to reduce manufacturing
costs and increase marketing costs, and their ability to make the brand
name more personal through customer insight and exposure.
7. History
Samsung Group was founded in 1938 as exporter of dried fish, vegetables, and fruits
and flour mill and confectionery machines.
Samsung Electronics in 1938
In Korean War, Samsung lost all assetsaimed to help rebuild Korean economy;
entered the manufacturing industry (sugar,fabrics). It became a leader in modern
business practices (recruiting from outside) In 1960’s expansion of key industries,
entered electronics and chemical industries
In January 1969 Samsung Electronics Co.was established.
In 1970’s bet the future on electronicslaid the groundwork for electronics in Korea
which helped the domestic economy grow and paved the way for exports
In 1980’s, a more comprehensive electronics company; it established plants in
Portugal and US. It also established Semiconductor and Communication
corporation and began memory chip business
9. Samsung’s Investment for R&D
In 2010, Samsung Electronics invested $ 0.01 trillion, or 6.1% of consolidated sales in R&D. Currently, has 50,084 R&D
personnel which is equivalent to 26% of our total workforce. In recognition of R&D endeavors, Samsung Electronics was
included among the top 10 global companies in R&D investment announced by the U.K. Department for Business,
Innovation and Skills.
10. Conclusions
Within smartphones, the South Korean manufacturer banked on its
AMOLED screen and custom UI for its Android-powered flagship
smartphone, and single-handedly created the phablet (phone/tablet)
market, with its Note smartphones sporting a large screen back in late
2011.
Samsung demonstrated that it was not short on ideas and was
focused on catching up with both Apple and Nokia in the mobile
arena, as well as on strengthening its lead in digital televisions in
2012. Now that Samsung is the market leader, there must be a
significant shift in its strategic direction if it is to build on its position.
Samsung has to show its competitors that it is confident and knows exactly
where it intends to steer the market. The market is expecting Samsung to
create category defining products, much as Apple has done with smartphones
and tablets