Research on Develpment of New Products and Services

There are several emerging technologies that could help the company to gain a competitive advantage.

Research & Development: We will concentrate our existing product line into the Low End and Traditional segments. The traditional product will migrate to the Low End segment. The High product will migrate to the Traditional segment. During the early years we will migrate (gradually) our Performance and Size segment products to the Traditional segment. We can also introduce a new product to work in the Traditional market.

The NPI process is intended to facilitate product development within Juniper, from concept definition through to end-of-life. Each product requiring a new model number is associated with an NPI Program unless an exception is granted by the ERT. The NPI Phase Exit Requirements document, J3.02.P15.M01, provides detail of the key cross-functional requirements for each phase to proceed to the next. Additional requirements may be embedded in other I2O business processes. An NPI team will manage the product development through the various phases of the NPI process. An exit review is required to transition between phases. The NPI process is more precisely called the Phase Gate (NPI) I2O

Innovations form the main sources of competitive advantages and are always of significance for the growth of a company. Companies or organizations put their greater efforts in improving their performance by finding new ideas and knowledge on the best way of beating their competitors and therefore give satisfaction to their customers. There are various factors involved in the innovation design system which can be either internal or external.

I have learned many from the introduction Flowcharting written by (Streib Bill), “Flowcharting is a detailed graphical representation of a process or procedure”.

This first strategy calls for the creation of more sales without changing the original product, which can achieved through the four P’s of marketing. The next strategy, market development, allows the supplier to find new markets for their current products by using demographic markets to see where the greatest revenue will be based on the target group you are selling to (seniors, teens, etc.). Product development is the next strategy which focuses on new products the modification of current products. This strategy is rather important as without evolving products to meet the ever changing needs of current and potential companies can see a loss in sales and would limit their ability to be competitive in the market. The final strategy is diversification. This strategy calls for companies to attain current or new businesses allowing them to “diversify” their offerings and break into new markets.

Innovation theory define when new or existing, large or small companies, individuals or groups identify, create and market new or existing products or services to consumers ultimately disrupting an existing business or create value. Some ideas are born out of a need that ultimately satisfies consumers and some are the next steps that dominate the market. Pfizer’ innovative strategies provide new products such as Lipitor, Viagra, and Celebrex.

The aim of the report is to discuss the development of a service innovation in a hospital care setting. Therefore the innovation being introduced in the report will focus on the pain management tool for assessing chronic conditions in service users with dementia in hospital settings. As pain is a very subjective experience it is important that the tool is specifically based on the individual’s own way of expressing and communicating their pain in relation to their chronic conditions.

customers and also conducting additional R&D to make new products from Dominite. This effort is a long term maketing strategy

After eight rounds of simulation, we concluded that the introduction of new products across the segments was a necessity that could not be ignored if we were to remain competitive in this particular high tech market. Our competitors introduced products early on and such introduction took their tolls early on; our team was able to capitalized on these activities by making the necessary adjustments to the current product line

How to provide their customers with a unique and desirable product line that no other

A product launch is not a single event; it is part of the overall product development process. The early stages of a product launch take place before launch activities begin. Careful planning is essential to ensure the market is ready for the product and the company is ready for the launch.

The aim of the report is to discuss the development of a service innovation in a hospital care setting.

Product diversification is a feasible way to obtain growth through new products. The company can use existing product knowledge to develop the brand into new lines to increase exposure and use similar technology to increase synergies. Leveraging off an existing well-known brand to a market that is familiar with the brand will also increase the possibility of success while maintaining lower marketing costs in

Competitive strategy is the moves and methods that the firm has taken and is taking to appeal buyers, improve its market position, and to endure competitive pressures. The strategy is about what a firm’s capability to try to knock off competitors and attain competitive advantage, which can be offensive or defensive. There are three approaches to competitive strategy, which are low-cost leadership strategy where struggling to be the overall low-cost manufacturer in the in industry. Moreover, pursuing to distinguish one’s product offering from competitors (differentiation strategy), and the last one is focus or niche strategy where aiming on thin portion of the market rather than the whole market (Porter, 1998).