Simply put, a PRODUCT is a good, idea, method, information, object or service created as a result of a process and serves a need or satisfies a want. A product has a combination of tangible and intangible attributes (benefits, features, ...
Complex products and services Most complex products are both mechanical and electrical, with the balance rapidly increasingly moving towards innovative electrical engineering as new product and service differentiation. Competitive produc...
Product and process development capabilities are not mutually exclusive. It is often thought that product innovation fundamentally differs from – and is at odds with – process innovation; however, they actually rely on similar competenci...
Putting Innovation on Every Executive’s Agenda
2016-05-25Digital, Innovation, Platform, Collaboration, Technology
Digitalization and new technologies contribute to better products and better services, but also better product and service development. This is driven by the fact that today both products and services rely on technology, and that technol...
Understanding the source of disappointments can help to prevent them. Herzberg et al. (1959) introduced the two-factor theory of motivation: intrinsic motivators vs extrinsic hygiene factors. Improvement in some areas might help to remov...
Factors to Business Success [adapted from King, 2005]
2015-09-05Business, Innovation, Leadership, Manufacturing, CSF
Manufacturers are managing the development of innovative products and services that are required to succeed in an increasingly competitive and distributed global marketplace. Ten critical factors determine the ability of today’s busine...
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