In an
increasingly competitive and rapidly changing global market, innovation takes
an added value and it plays a large part in improving the quality of life. In
order to enhance the success of a company we must create and deliver
customer-relevant new products and services. However, managing innovation and
new product development processes is not easy; the real challenge is to understand
the key concepts for successful innovation and knowing about best practices and
how to integrate them into an organisation to ensure customer-relevant
innovations. Therefore it is essential that managers understand the
strategies, tools and techniques for managing innovation. This course
will explore ways by which companies can manage innovation and new product
development successfully.
Syllabus
Importance of new product
development
Attributes of an environment that promote
innovation
The organization and management of R&D
organizations
Spin-offs in hi-tech companies
Need for innovation, what successful
companies do
Why new products succeed and fail ?
The product innovation: mission, vision,
strategy and goals of new product development
New product development: creativity,
concept generation, concept evaluation and selection
Identify steps in the research process
Project Management for
R&D
Management techniques to
promote innovation
The development process –
step
Reducing time to market and the market
launch process
The role of consumer/end user input and
data in product innovation
Market orientation and understanding the
voice of the customer/end user
Cross-functional relationships: the
R&D-marketing relationships
Competitive intelligence
and benchmarking
Marketing new product: the role and
management of the sales force
Examinations
Assessment
will be based on group coursework and an exam, which will be taken at the end
of the course. In addition to active participation in the weekly discussions,
students will be expected to prove detailed knowledge of the course material.
Reading list
Normal 0 14
MicrosoftInternetExplorer4
Additional
material will be listed at the beginning of the course