Lecture 01 Introduction To Product Design and Development
Lecture 01 Introduction To Product Design and Development
1
Outline of Presentation
Course Details
New Product Design
Need of a New Product Design
Product Development
New-Product Development Strategy
New-Product Development Process
Successful Product Development
Product Life-Cycle (PLC)
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Brief Contents
Introduction
Product analysis
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Brief Contents
Value engineering concepts: Advantages, applications in
product development
Case studies
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Brief Contents
Introduction to product design tools
Source: http://eurasiacm.com/?tag=velosiped
New-Product Development Strategy
Reasons for new product failure:
Overestimation of market size
Poor design
Incorrect positioning
Wrong timing
Priced too high
Ineffective promotion
Management influence
High development costs
Competition
New-Product Development Process
1. Idea generation
2. Idea screening
3. Concept development and testing
4. Marketing strategy development
5. Business analysis
6. Product development
7. Test marketing
8. Commercialization
Successful Product Development
Product life cycle (PLC) is the course that a products sales and
profits take over its lifetime
The product life cycle concept is derived from a fact that a given
products volume and revenue follow a typical pattern of four
phases
Product Life-Cycle