The only way to develop successful new products

Assignment Help Operation Management
Reference no: EM132150705

Some new products experts maintain that getting close to customers through intensive research is the only way to develop successful new products. Other experts disagree and maintain that customers can’t possibly provide useful feedback on what they don’t know and can’t provide insights that will lead to breakthrough products. 1. To address this debate, identify and explain a few advantages and disadvantages to each of the two positions. 2. Identify and discuss variables that might make one position or the other more attractive. Variables might include items such as industry type, product life cycle, product adoption rates, etc. 3. Now identify a company that you work for or are interested in. Articulate your recommendations regarding the role that research would have for new product development in this company. If you feel that customer research is not appropriate for this company, identify the research processes that you would use. If you feel that customer research is appropriate for this company, identify the research processes that you would use.

Reference no: EM132150705

Questions Cloud

Matrix organization and max webber organization : What is the difference between matrix organization and Max Webber Organization?
Describe the procedure for setting the right price : Describe the procedure for setting the right price. Describe the role of pricing during periods of inflation and recession.
Explain the essence of earned value for projects : Explain the essence of Earned Value for projects in your context as a key input for project control.
Appreciation to standards of excellence : 1. How does your organization/leaders link rewards and appreciation to standards of excellence?
The only way to develop successful new products : Some new products experts maintain that getting close to customers through intensive research is the only way to develop successful new products.
Organization foster trust and open communication : Examine your organization (military) and leadership through the following questions:
Define various purposes of such a wall : Describe two (2) specific aspects about the Great Wall of China, such as facts about its size, length, purposes, varied materials, labor force.
Minimizes the total cost of labor and customer waiting : Determine the optimal number of providers (level of staffing) that minimizes the total cost of labor and customer waiting.
Capture in a business summary : What are some key pieces of financial data to capture in a business summary.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd