Product Development Process Assignment Example | Topics and Well Written Essays - 5000 words

Product Development Process - Assignment ExampleThe new vision of merchandise development is that of an extremely disaggregated process with people and organisations spread throughout the world (Holmes 1999). At the same time, proceedss be becoming increasingly intricate and multifaceted with typical electro-mechanical produces requiring close to a million engineering decisions to fuck off them to market (Eppinger 1998). Even softw are products like Microsoft Word or Netscape require disaggregated, but coordinated processes involving hundreds of developers (Cusumano and Yoffie 1998). warring pressures mean that time to market has been projected as essential to new product success as has marketings direction towards customer motivations and customer satisfaction (Smith and Reinertsen 1998). Because products are marketed throughout the world, firms face the tradeoff amid standardisation for cost reduction and variety for satisfying an extensive set of customers. This has stretc hed the need for marketing to insure beyond the single product to focus on the product platform (Moore, Louviere and Verma 1999).The Product Products are practically referred to as anything -- object or service -- that can be offered to a market in decree to satisfy a customers want or need (Kotler et al. 1996 ENDREA 2001) and product development is made up of a wide-ranging and distinctive continuum of activities, which need to be cohesive and interrelated so as to achieve an comme il faut and an acceptable process. Ulrich & Eppinger (2003) stated it as the set of activities beginning with the perception of a market opportunity and closedown in the production, sale, and delivery of a product. Aside from the activities, there are several components, such as determination engineers or other practitioners, management and goal system, working means, tools and equipment, information system and environment, identified by Hubka & Eder (1992), which capture the product development p rocess. However, product development work is even more complex, since there also are external aspects, facets that are not intrinsic in the organisation, to consider, like the market), legislation and society that affect the product development process (Blessing 2002).To support coordination and planning of all these activities and components, guarantee quality, identify possible problem areas or improvements, a suitable, well-defined product development process is needed (Ulrich & Eppinger 2003). Andreasen & Hein (1986) have inferred an ideal model for product development activities (Illustration 1). The Integrated Product Development model is based on the three elements -- market, design and production, and the results of their activities need to be unified. The market should be investigated and defined, and a product, which is intended to satisfy the market, should be designed and eventually make by the second and third elements.Illustration 1 -- Model of Integrated Product Deve lopment (Andreasen & Hein, 1987)Ulrich & Eppinger (2003) as well as offered a model of integrated product development - a generic development process, which depicted the cash advance of activities or steps that marketing, design and