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Managing Technology and Product Development Programmes
book

Managing Technology and Product Development Programmes

by Peter Flinn
May 2019
Intermediate to advanced content levelIntermediate to advanced
296 pages
8h 7m
English
Wiley
Content preview from Managing Technology and Product Development Programmes

6Developing the Concept

6.1 Introduction

Reference was made in Chapter 2 to the tension between two fundamental aspects of the engineering process:

  • The fact that it is essentially a creative activity, developing new ideas to solve problems and to improve people's well‐being. As such, it is also the source of the innovation that drives business and economic growth in an industrial context.
  • On the other hand, there is an element of conservatism in that those new engineering solutions must be reliable, robust, and not create harm, danger, or adverse environmental impact. In this respect, the world is becoming increasingly critical and risks or problems must be identified and fully overcome before a new technology or product is launched.

This chapter is concerned with the first of these points – the development of new concepts. This stage of work brings together three parameters: future market needs, possibilities in terms of new technology and engineering, and economic viability. A constant balance has to be struck between these competing requirements, as illustrated in Figure 6.1.

Schematic displaying a shaded triangle labeled Optimised Product, with sides labeled Technical Possibilities (left), Economic Viability (right), and Market Requirements (bottom).

Figure 6.1 Balancing market, technical, and economic needs.

As an essentially creative process, it is not one which can be readily codified or proceduralised. However, the concept of good practice does apply and business school research (Ref. 1) into this front‐end process has given some useful guidance, ...

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Publisher Resources

ISBN: 9781119517245Purchase book