Product Development as Core Competence: How Formal Product Development Practices Differ for Radical, More Innovative, and Incremental Product Innovations

2013 ◽  
Vol 31 (2) ◽  
pp. 329-345 ◽  
Author(s):  
Patricia J. Holahan ◽  
Zhen Z. Sullivan ◽  
Stephen K. Markham
Keyword(s):  
Product Development ◽  
Core Competence ◽  
Product Innovations ◽  
Formal Product

Evidence for Free Innovation

2016 ◽  
Author(s):  
Eric von Hippel
Keyword(s):  
Product Development ◽  
Business Sector ◽  
Household Sector ◽  
Product Innovations

This chapter presents evidence that free innovation is a very substantial phenomenon with respect to the development of products consumed within the household sector. Today, tens of millions of consumers annually spend tens of billions of dollars creating and modifying products to better serve their own needs. In fact, aggregate household sector product development expenditures rival the scale of business sector expenditures by producers developing products for consumers. The chapter then shows how more than 90 percent of the developers of product innovations in the household sector meet both of the criteria for free innovation specified in the previous chapter. Finally, the chapter explores the nature of transaction-free self-rewards central to the viability of free innovation, and discusses why it can make economic sense for free innovators to reveal their innovations for free.

WHEN INTRA-FIRM AND INTER-FIRM COLLABORATIONS CO-OCCUR: COMPARING THEIR IMPACT ACROSS NEW SERVICES VERSUS NEW PRODUCT INNOVATIONS

2011 ◽  
Vol 15 (05) ◽  
pp. 869-898 ◽  
Author(s):  
Stephanie C. Schleimer ◽  
Arthur D. Shulman
Keyword(s):  
Product Development ◽  
New Product Development ◽  
New Product ◽  
Theory And Practice ◽  
Service Development ◽  
Collaborative Environments ◽  
New Service Development ◽  
Collaborative Environment ◽  
Product Innovations ◽  
The Impact

There is evidence that intra-firm collaboration and inter-firm collaboration are important for new service development (NSD) and new product development (NPD) success. However, evidence of the contributions of each to innovative outcomes is inconsistent. This inconsistency is associated with the tendency of studies to examine the impact of intra-firm collaboration or inter-firm collaborations exclusively. However, most firms involved in NSD or NPD engage simultaneously in intra-firm and inter-firm collaborations. Using a multi-dimensional conception of collaboration we advance a deeper understanding of the relative contributions of these attributes in intra-firm versus inter-firm collaborative environments during NSD versus NPD. Analyses of survey data from 134 innovations confirm that collaboration clearly matters for both NSD and NPD success, but its impact differs depending on (a) whether a new product or service was developed, (b) on the collaborative environment (intra-firm or inter-firm), and (c) on the collaborative attributes examined. Implications for advancing innovation theory and practice are provided.

scholarly journals The Contribution of Absorptive Capacities to New Innovative Product Development Performance: A Conceptual Framework

2021 ◽  
Vol 2 (1) ◽  
pp. 73
Author(s):  
Gogor Arif Handiwibowo ◽  
Reny Nadlifatin ◽  
Gita Widi Bhawika ◽  
Lissa Rosdiana Noer
Keyword(s):  
Product Development ◽  
Conceptual Framework ◽  
New Product Development ◽  
Absorptive Capacity ◽  
New Products ◽  
New Product ◽  
Product Innovations ◽  
Absorptive Capacities ◽  
Assimilation Capacity ◽  
The Relationship

The wave of Covid-19 has forced the industry to transform so that the products produced can remain competitive in the market. Old products in the period before Covid-19 certainly no longer have the same competitive performance as today, so the industry is required to be able to develop new product innovations that can excel in the market. To be able to produce innovative new products, the industry requires sufficient knowledge. The ability of industries to be able to acquire and implement knowledge is called absorptive capacity. In various previous studies, absorptive capacity has four aspects including acquisition capacity, assimilation capacity, transformation capacity and exploitation capacity. In this article the conceptual framework for the relationship between aspects of absorptive capacity and the performance of new products is presented. We hypothesize that there are interesting correlations between aspects of absorptive capacity and new product development performance.

scholarly journals Competence measurement of production enterprises in product innovations for technological and marketing strategies

2021 ◽  
Vol 43 ◽  
pp. 114-134
Author(s):  
Ireneusz P. Rutkowski ◽  
◽  
◽  
Keyword(s):  
Product Development ◽  
New Product Development ◽  
Product Innovation ◽  
Information Needs ◽  
New Products ◽  
New Product ◽  
Industrial Enterprises ◽  
Industrial Companies ◽  
Product Innovations ◽  
Value Contribution

Aim/purpose – This paper attempts to arrange and present the methods of measuring the competences of production enterprises in the field of product innovations.Design/methodology/approach– The method used in this paper is a literature review, in the area of new product development management. The author assumes that the re-view and conceptual nature of this research is dominant.Findings– The obtained results indicate the importance of measurement in product innovation competencies and provide various metrics in this field. The author proposes new indicators to measure competencies in this area, i.e., the intensity of competition on new products market. Research implications/limitations– The results provide a basis for improving efforts of production enterprises in the field of product innovations. The limitations of the study include a complex character of considered theoretical constructs. Sets of measures must be adapted to the information needs of a specific enterprise.Originality/value/contribution– The values of these indicators reflect the directions of industrial enterprises’ conduct in the process of developing new products and technolo-gies. Moreover, these indicators show the strength of linking technology with the effec-tiveness of new product development, and consequently with the enterprise marketing, economic and financial efficiency. The contribution of research to the development of management sciences primarily includes the formulation of a set of indicators whose level determines product innovation competencies in industrial companies. Keywords: competence measurement, product innovation, production enterprise, new product, technical and marketing strategy.JEL Classification: O31, O32, M21

Pathways for the co-evolution of new product development and strategy formation processes

2015 ◽  
Vol 18 (2) ◽  
pp. 172-194 ◽  
Author(s):  
Karl-Heinz Leitner
Keyword(s):  
Product Development ◽  
New Product Development ◽  
Empirical Studies ◽  
New Product ◽  
Major Product ◽  
Content Type ◽  
Self Organized ◽  
Product Innovations ◽  
Strategy Process ◽  
Self Organisation

Purpose – The purpose of this paper is to examine the intermingling of new product development and strategy making which are interpreted as co-evolutionary processes where self-organisation and emergence are significant phenomena. Design/methodology/approach – The paper is based on an empirical study of 50 major Austrian innovations in various manufacturing industries developed by small and large firms in the 1980s and 1990s. The theoretical arguments for studying the innovation and strategy process are based on the findings of the complexity science. Findings – The paper shows that emerging opportunities, self-organisation and strategic intentions are equally important for the development of new major product innovations as deliberate search processes and rational decision making. The author identifies three strategy paths concerning the innovation and strategy process which are described as “strategically managed innovations”, “strategically enabled self-organized innovations” and “purely self-organised innovations”. Originality/value – While empirical studies investigating the emergent nature of strategy and innovation have so far mostly been analysed for very specific industries and firm types, this paper aims to deliver a broader empirical base for the question as to how strategy enables and guides the emergence of product innovations and how the development of new products contributes to the formation of innovation strategies.

Value-Focused Thinking: Combining Product Development and Entrepreneurial Product-to-Market Strategies

2012 ◽  
Author(s):  
Bernd Neutschel ◽  
Olaf Gaus ◽  
Matthias G. Raith ◽  
Sándor Vajna
Keyword(s):  
Product Development ◽  
Business Plan ◽  
Innovative Product ◽  
Market Knowledge ◽  
Integrated Product Development ◽  
Business Plans ◽  
Product Innovations ◽  
Production Processes ◽  
Student Teams ◽  
Market Strategies

This paper examines how the generation of entrepreneurs 50+ should be addressed in order to raise their interest for improving their skills, and how young entrepreneurs and students can profit from the seniorpreneurs’ expertise in production processes and market knowledge as well as from their networks. To promote the promising synergies arising from the collaboration of young and elderly entrepreneurs a project was initiated that combines an integrated product development with business plan design support. Prospective entrepreneurs with industrial experience (seniorpreneurs) and innovative product ideas are matched with multidisciplinary student teams to generate a going-to-market prototype as a basis for starting new businesses. From the standpoint of research and development the balance is excellent with several promising product innovations and business plans for entrepreneurial implementation. The perspective of science and technology transfer demands an urgent desideratum to bring the accumulated value potential into the market.

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