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Unit 01 - 02-DT-PMJ

The document discusses the process of product development, outlining different types of projects such as new product platforms, derivatives, incremental improvements, and fundamentally new products. It emphasizes the importance of continuous innovation and the relationship between technology 'S' curves and product evolution. Additionally, it highlights the significance of creative problem-solving in advancing technology and maintaining market success.
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0% found this document useful (0 votes)
13 views22 pages

Unit 01 - 02-DT-PMJ

The document discusses the process of product development, outlining different types of projects such as new product platforms, derivatives, incremental improvements, and fundamentally new products. It emphasizes the importance of continuous innovation and the relationship between technology 'S' curves and product evolution. Additionally, it highlights the significance of creative problem-solving in advancing technology and maintaining market success.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Scoping

Product Development
P. M. Jadhav

1
Contents

• Introduction
• Technology ‘S’ curves
• ‘S’ curves and Product Development
• Technical Questioning
• Mission Statement
• Design Drivers

2
Introduction

• What to develop ?
• Should a new technology be introduced?
• Should the current product be refined and
tweaked to better please the customer?
• Should the product be expanded into
variant forms to more comprehensively
cover the market?
• Outsourcing vs in-house development

3
Product development projects

• Four Types
– New product platforms
– Derivatives of Existing product platforms
– Incremental improvements to existing
products
– Fundamentally new products

4
Product development projects

• New product platforms


– Hybrid cars
– Touchpad incorporated laptops
– Solar powered calculators
– Digital watches
– LED bulbs
– LED television
– Many more……

5
Product development projects

• Derivative of existing products


– Diesel Engine in a new platform
– Higher capacity (Kgs) washing machine
– Low TR room air conditioners
– Small or big display of LCD mobile phones
– Bigger size television

6
Product development projects

• Incremental improvements
– Higher mileage vehicle ( More km / Liter)
– More Megapixel camera
– Less polluting engine
– Aesthetic variants – Redesign of tail lamps,
bumpers etc.

7
Product development projects

• Fundamentally new products


– Automobile (Driverless)
– Bluetooth
– Electricity transmitters through air
– New composite material

8
Some thoughts
• In business (and in life?) winning once is not enough.
• Even if you score big, you can’t rest on your laurels. You
have to rack up repeated victories in the market, one after
the other.
• Otherwise, you become a has-been, just another business
that sparkled brightly before flaming out.
• This has been the fate of many once-successful
companies that got to the top but couldn’t stay there.
• Yet, some organizations do thrive at the top for decades
and even longer. They launch one successful business
after another, and routinely outperform their rivals.

9
What’s their secret?

10
11
Technology Development
Simplified Technology Transferring Technology
Development Cycle Development Cycle

12
Technology ‘s’ curves

• Technological innovation time cycle and market


behavior is well characterized by ‘S’ curve
• Technological innovation typically manifest
themselves into a market along ‘S’ curve
• In case of product , the Product Metric (In case of
bulb, lumens of light output per unit watt;
efficiency) can be plotted as function of time when
each product was introduced
• Metric value will naturally fall as an ‘S- curve’ in
time

13
Product evolution - technology ‘s’ curve

[Text Book]

14
Product evolution - technology ‘s’ curve

[http://terrapacificusa.com/?page_id=128]

15
Telecom Industry

5G Etisalat (UAE) said


it has already
tested speeds of
up to 115GBps as
part of its 5G
strategy

16
Perspective

[http://noordinary.co.nz/how-to-tell-if-your-industry-is-going-to-be-disrupted-befor.html]
17
Stages of Technology ‘S’ Curve

• Lower portion
– Changes are less and widely spaced
– Not much innovation (slope)
• Middle portion
– rapid profusion of innovation (slope)
– many products are launched
– many competitors joins the market
• Top portion
– stagnation & maturity of existing product technology
– Physical laws of the process dominates and performance can not
improve further
– Few mature competitors

18
Violation (?) of S curve

19
Creative problem solving

The mere formulation of a problem is far more


often essential than [is] its solution, which may be
merely a matter of mathematical or experimental
skill. To raise new questions, new possibilities
to regards old problems from a new angle
requires creative imagination and marks real
advances in science – Albert Einstein

20
Summary

• Technology ‘S’ Curves


• Relation between technology ‘s’ curve and
product development
• Technical Questioning

21
Thank you

22

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