Innovation Final
Innovation Final
Innovation Final
1) Insight/research
inspiration from an idea of individual
idea by something happened
by customers (survey, complaints)
by suppliers/distributors/employees (complaint, interview)
2) Development
Transform idea into products
At this stage, the products are not ready to sell to consumers yet
Its all about testing, modifying, improving the products
Prototype: to determine weakness and improvement before production of real product
Models: to show how product look like
Example: Nissan & Ford create small size clay models
3) Design
Concentrates on product details
Take ideas form prototype and determine features to final product
Detailed design gives: materials used, precise shape of the product
Ensure products not only works well and look good, but cost produced make sense the price
4) Production engineering
To produce final product, different skills and processes are required to made in vast quantities
Different process structure, provide different capabilities
Four basic process structure
Job shop, batch, line, continuous process
5) Pilot testing
To ensure for marketplace suitability & acceptance
To ensure the product is safe in the hand of customer
Involve interaction with consumers
6) Full scale manufacturing
Before full-scale manufacture:
Commission process needs to take place to ensure manufacturing system function as planned
Recruit & provide training to personnel who are going to operate and use equipment
End ramp up phase, manufacturing system accuracy and reliability are satisfactory
7) Market launch
addresses how organizations introduce product to the market and marketing efforts involved.
concern on when, where, who and how to launch the product.
some of the activities include:
conducting demonstrations
preparing promotion activities
creating and designing suitable advertisements
2. Organizational Culture
3. Organizational Infrastructure
Importance of Vision
Importance of Mission
Importance of organization
Objective characterized as specific outcomes that organization seek to accomplish fundamental mission:
specific: specific and clear
measurable: express in quantitative term so that success or failure easily measured
achievable: should be achievable and attainable
realistic: realistic and within reach with sources available
time frame: must have deadline when it should be accomplished
5. Market Type
Consumer market:
Represented by every single person and family, buying goods and services for personal common needs and priorities
Consumer behaviour (Three fundamental classes of choice making)
Routine reaction behaviour
Constrained choice making
Broad choice making
Business market:
Includes associations that purchase merchandise and administrations for utilization to get profit
Four Classes of Business Customers:
Producers
Resellers
Government
o Federal Government
o State, County and City Government
Institutions
Difference: