[NPDP note Chapter One new product development strategy

 

 

1.1 strategy is important

 

 

1.2 defined strategy

 

Mission / Vision / core values: to be a leader

Company / business strategy: to expand market share by 10%

Innovation strategy: emphasis on technology, external cooperation

Functional strategy: IT strategy, human resources strategy

 

1.3 Definition of the direction

 

Organizational identity (Organizational Identity), core, long-lasting, unique

Vision (vision), Amazon will be able to buy buy online upload

Mission (Mission), Starbucks gave birth to the human spirit

Core Values ​​(Values), individuals or organizations adhere to the principle emotionally

Organizational identification on product development

 

 

1.4 business strategy and corporate strategy

 

Business Strategy Business Strategy

1 to determine the target, select the product and target market

2 role in determining the product development process to achieve targets

3 cornerstone of product innovation strategy, a plan of attack, how much risk to assume leadership or a follower, technology or market-driven?

4 new product planning, selection, portfolio management, resource allocation ...

Corporate Strategy Corporate Strategy

Overall diversification strategy of the organization

What business competition? How to make different business unit synergies and enhance the advantages of the entire organization? - Pepsi each branch

 

 

1.5 innovation strategy, the development of high-level, how to support the business strategy, a clear innovation goals, direction and framework

 

It is how to define good?

Unanimously lay the foundation for the entire company collaboration

Innovative project priorities clear

It must be trade-offs

Strategic overall innovation strategy of supporting, planning and process: technology, platforms, organization and management, new products, processes, organizational culture, product life cycle

Innovation Strategic Framework

1.5.1 Strategic Framework Potter

Cost leadership Cost Advantage, development investment 0.3%

Differentiation Differentiation

Focus over a wider product base

Deliver unique high-quality products

Customer Care Performance

Investment, continuous innovation, the electronics industry sales revenue 20%

Market segments Segmenttation

Strategic Focus, Focus Strategy

Relatively narrow market

Focus on marketing and new product development, the development of higher investment, technology is important

In-depth understanding of customers, good relationships, proximity to customers, leading users to work together, new opportunities

Improve profitability

1.5.2 Miles and Snow's strategic framework

Explorers, first to market, seek growth, risk-taking

Analysts, quick follow-up, the product is usually better

Defender, risk-averse and stable market in the interests of

Respondents, have suffered threats reaction

1.5.3 continuous innovation and disruptive innovation, market segments from the beginning of the transformation and development

1.5.4 Innovation canvas

Breakthrough innovation Radical Innovation, focusing on purely technical innovation

Conventional innovation, Routine Innovation, functionality improvements, the new version of the development

Subversive innovation, Disruptive Innovation, the need for new business models, new technologies do not necessarily need

Architecture innovation, Architectural Innovation, technological innovation and business model innovation

 

 

Strategy 1.6 overall innovation strategy of support

 

1.6.1 Platform Strategy

Long-term perspective

The introduction of a range of products

Improve operational efficiency

A clear understanding of the underlying elements of the platform

Huge difference

1.6.2 Technology Strategy

decision making

Leader or a follower, or buy their own R & D, in which the border

The amount of investment

How to obtain and protect new technologies? Patents, trade secrets,

Technology Platform

What are the core competitiveness

Technology Foresight, Brainstorming, Expert Panels, Delphi, SWOT Analysis, Patent Analysis, Trend Analysis

Technology strategy, breakthrough innovation

Technical curve S

The initial slow progress

Overcome technical difficulties, significantly improved

Encounter bottlenecks and improves stop

Technology roadmap, complement the product roadmap, technical planning and overall planning coordinated

1.6.3 Intellectual Property Intellectual Property Strategy

Types of

Trade Secrets Trade Secrets

Plant variety rights Plant Variety Rights

Trademarks Trademarks

Copyright Copyright

Patent Patent

Management

Responsive

Proactive

Strategic

Optimized

1.6.4 Marketing Strategy

sales team

Price, Product, Place, Promotion

Marketing mix for product development

What is the product, tangible products, core products, additional products

Value proposition Value proposition, is essentially a trade-off between the value customers get from the product benefits and pay the price

Analysis of existing product portfolio

Stars star product

Question Marks products in question

Cash Cows cash cow products

Dogs Dogs Products

Direction and progress of product roadmaps Product Roadmap, convey project

1.6.5 ability strategy, technology, marketing, research and development

Internal capacity

External capacity, open innovation Open Innovation, use of external resources to generate ideas, develop new markets

 

END

 
 

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