Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
16 Cards in this Set
- Front
- Back
Quantum technological change
|
A fundamental shift in technology that results in the innovation of new kinds of goods and services.
|
|
Incremental technological change
|
Change that refines existing technology and leads to gradual improvements or refinements in products over time.
|
|
Quantum product innovations
|
Products that result from quantum technological changes.
|
|
Incremental product innovations
|
Products that result from incremental technological changes.
|
|
Product life cycle
|
Changes in demand for a product that occur from its introduction through its growth and maturity to its decline.
|
|
Stage-gate development funnel
|
A planning model that forces managers to make choices among competing projects so that organizational resources are not spread thinly over too many projects.
|
|
Product development plan
|
A plan that specifies all of the relevant information that managers need in order to decide whether to proceed with a fullblown product development effort.
|
|
Contract book
|
A written agreement that details product development factors such as responsibilities, resource commitments, budgets, time lines, and development milestones.
|
|
Core members
|
The members of a team who bear primary responsibility for the success of a project and who stay with a project from inception to completion.
|
|
Concurrent engineering
|
The simultaneous design of the product and of the process for manufacturing the product.
|
|
Entrepreneur
|
An individual who notices opportunities and takes responsibility for mobilizing the resources necessary to produce new and improved goods and services.
|
|
Intrapreneur
|
A manager, scientist, or researcher who works inside an existing organization and notices opportunities for product improvements and is responsible for managing the product development process.
|
|
Entrepreneurship
|
The mobilization of resources to take advantage of an opportunity to provide customers with new or improved goods and services.
|
|
Product champion
|
A manager who takes "ownership" of a project and provides the leadership and vision that take a product from the idea stage to the final customer.
|
|
Skunkworks
|
A group of intrapreneurs who are deliberately separated from the normal operation of an organization to encourage them to devote all their attention to developing new products.
|
|
New venture division
|
An autonomous division that is given all the resources it needs to develop and market a new product.
|