____________________________________________________________ ABSTRACT: Although product development is recognized as knowledge intensive work, we have a limited understanding of its impact on product development process performance. The mechanisms by which knowledge sharing contributes to strategic imperatives such as time-to-market and value to customers is not well understood. Despite increas...

Today, it is almost impossible to find a manufacturer who has not been significantly influenced by the quality culture, but it is evident that some are doing more to improve their product quality than others are. The so-called "Chain of Quality" through integrated product development is a useful metaphor since it recognises that quality is a continuing topic of attention throughout the product ...

In this paper, a requirements-based framework of innovation is discussed. Both customer and expert defined requirements are considered. The proposed framework treats requirements as evolving entities and is implemented using a data-driven approach. It provides a new perspective in support of the innovative product development process.

Industry and academia alike are increasingly becoming aware of the fact that innovation does not take place in isolated cells or functions within the firm. During the last the years the term open innovation has emphasized the importance of internal and external collaboration in order to increase the competitiveness of companies. Although the idea of involving internal and external actors in the...

With a constant new stream of financial services coming to the market, each often more exotic and complicated than the last, the financial services industry, which includes commodity derivatives exchanges, brokerage houses and banks providing price risk reduction services (the so-called hedging services), is one of the fastest growing industries. In order to assure survival, these companies sho...

Empirical research has demonstrated that a market orientation has in general a positive effect on organizational performance. The potential benefits of a market orientation have, however, not been realized because academics and practitioners do not yet understand the modus operandi that transform market orientation into superior organizational performance. Recent research has demonstrated that ...

The primary role of marketing within the competitive advantage is innovation. The customer value-based differentiation strategies will drive the company’s market research efforts, its selection of target markets, its product development processes, its market communications programs, and its delivery processes. These processes require many specific capabilities that enable the firm to carry out ...

The replacement of an existing product with a new one presents many challenges. In particular, uncertainties in a new product introduction often lead to extreme cases of demand and supply mismatches. This paper addresses inventory planning decisions for product upgrades when there is no replenishment opportunity during the transition period. We allow product substitution: when a company runs ou...

The fundamental characteristics of a configure-to-order (CTO) product is illustrated in this research with the view to reduce the time to market and offering more product variants with highest customer satisfaction. In this paper, we have formulated various aspects of configuration process in terms of customer view, designer view and production process view. All these three views are demonstrat...

Lead user driven innovation and open innovation paradigms seek to involve consumers and common people to innovative product development projects. In order to help developers choose ideas that meet the end users’ needs, we undertook a massive collaborative research effort and collected 40,000 ideas from 2,150 common people about future mobile services that they would like to use. We inspired eac...