Cover image for Achieving planned innovation : a proven system for creating successful new products and services
Title:
Achieving planned innovation : a proven system for creating successful new products and services
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Publication Information:
New York : Free Press, 1998
ISBN:
9780684839905
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30000005013739 HF5415.153 B32 1998 Open Access Book Book
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Summary

Summary

Presents a scientific five-step paradigm that aims to increase the success rate of new products in the market place.


Table of Contents

Prologue: How Planned Innovation Was Developed and Where It Has Been Used
1 What This Book Is All About
Example 1 What We Mean By a High Rate of Success
Example 2 Achieving Accelerated, Sustained Growth
Example 3 Growth Through Improvements in Existing Products
Example 4 Providing Guidance to R&DWould Planned Innovation Have Value to Your Firm?
2 What Is Planned Innovation?
3 The Planned Innovation System
Element One A Disciplined Scientific Reasoning Process
Element Two Lasting Marketing Orientation
Element Three Proper Selection Criteria
Element Four Using Scientific Reasoning to Determine Requirements Before Making Major Expenditures
Element Five Ensure Multifunctional Involvement
4 Establishing a Disciplined Scientific Reasoning Process for New Product Innovation
5 The Model of Requirements for Successful Innovation
Model for Identifying Economic and Emotive Value
Four Questions to Address in Each Segment of Focus
Opportunity Selection Criteria Become the Optimizing Function
6 Forming a Lasting Market Orientation
Definition of Business Orientations
Blue Jeans -- a Universal Example
Functional Product-Market Definition
Definition of "Product"
Definition of "Functional Need"
Definition of "Customer"
Definition of "Geography"
Marketing Strategy, Mix, and Plan
Examples of Functional Product-Market Definitions for Blue Jeans
Changing to a Market Orientation
7 The Value of Opportunity Selection Criteria
Selection versus Screening Criteria
Selection Criteria Can Also Be Used for Screening
Issues Involved in Opportunity Selection Process
Importance of Integrating Strategy and Tactics
Matching Resources to Opportunities
Success Must Be Tactical and Strategic
8 Obtaining Proper Inputs to Opportunity Selection Criteria
Mission Statements Guide New Product Innovation
Statement of Financial Goals Needed
The Role of Functional Objectives
Defining Capabilities, Strengths, and Weaknesses
Competitive Opening and Advantage
External Trends
The Mental Work Required Is Well Worth the Effort
9 The Power of Scientific Thought Process in New Product
Opportunity Analysis
The Technique of Strong Inferenc
The Benefit of Hypotheses of Cause-Effect
Scientifically Based Opportunity Analysis Can Be Valuable at Any Stage of New Product Development
10 Opportunity Analysis: Initial Assessment Phase
First, Define the Opportunity
Second, Verify that Opportunity Meets Selection Criteria and Establish Priority
Third, Identify Critical Issues
Fourth, Formulate Hypotheses Based on Critical Issues
Fifth, Determine What Information Would Provide the Most Decisive Test of Hypotheses
Sixth, Go for the Jugular in Obtaining Information
What Should Be Accomplished in the Initial Assessment Phase
11 Opportunity Analysis: Range of Requirements Phase
Testing Hypotheses Regarding Range of Requirements
Sample Size Required
Need for a Carefully Structured Questionnaire
Analysis of Competition
What Should Be Accomplished in the Range of Requirements Phase
12 Opportunity Analysis: Quantitative Confirmation of Market Potential Phase
Design of a Stratified Random Sample
What Should Be Accomplished in the Quantitative Confirmation Phase
13 Application of Opportunity Analysis to Different Types of Products and Markets
Parallel Activities Are Possible
Determining Requirements for Consumer Products
14 Implementing Planned Innovation to Achieve Multifunctional
Involvement
Managerial Support Required
Multifunctional Involvement
Qualification and Training of Analysts
Maintaining the Flow of Ideas
Implementing the Planned Innovation System
The Planned Innovation Board
Recurrent Training
Epilogue: How Planned Innovation Provides Answers to Popular Myths Regarding New Product Innovation
Nine Areas of Requirements for Successful InnovationMyth
1 The Better MousetrapMyth
2 Another XeroxMyth
3 The Gift of GeniusMyth
4 The LottoMyth
5 All You Have to Do Is Ask Your CustomerMyth
6 The Alchemist Stone
Notes