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El. knyga: Product Development: An Engineer's Guide to Business Considerations, Real-World Product Testing, and Launch

  • Formatas: PDF+DRM
  • Išleidimo metai: 14-Mar-2022
  • Leidėjas: John Wiley & Sons Inc
  • Kalba: eng
  • ISBN-13: 9781119780175
Kitos knygos pagal šią temą:
  • Formatas: PDF+DRM
  • Išleidimo metai: 14-Mar-2022
  • Leidėjas: John Wiley & Sons Inc
  • Kalba: eng
  • ISBN-13: 9781119780175
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"My formal academic training began as a student of mechanical engineering. Simultaneously, I worked part time as a designer to pay for my education. In this case, my work allowed me to see how products were developed to the lower level where I was doing the technical drawing. And my engineering education helped me learn the limits of materials, think about product technical features, and how to apply mathematical formulas to solve technical problems. However, nowhere did I learn about how products are really developed. What drives a company to success? How do companies know which products will be accepted in the marketplace? What is a marketplace or a market segment? As a result, my education and early work experience taught me a lot about applying engineering principals, but I had no knowledge of marketing, sales, business finance, C-level executive support, or how R&D (research and development) and the other areas are supposed to all work together. I simply (and naively) believed that new products weredeveloped and launched by the engineering department. The product that had the better design would always be preferred by consumers. Since those days in college, and my early career in engineering, I have come a long way to understanding that product development is a multi-faceted effort involving many diverse groups and talents. It is so much more than R&D or engineering."--

PRODUCT DEVELOPMENT

An insightful development roadmap to help engineers and businesspeople successfully bring a product to market

In Product Development: An Engineer’s Guide to Business Considerations, Real-World Product Testing, and Launch, accomplished project manager, engineer, and business strategist David V. Tennant delivers a comprehensive walkthrough of the full scope of product development activities, from initial business considerations to real-world product testing and launch. The book covers key product development considerations like determining the target market, working with a product development team, management challenges, funding, user identification, ergonomics, product design, testing, and launch.

The distinguished author presents the material in the form of practical, hands-on tutorials with case studies featuring large corporations and small- and mid-size firms. He also includes team exercises and question-and-answer features to help early-career and aspiring engineers acquire the interdisciplinary and inter-department coordination skills they’ll require to successfully bring a new product to market.

Readers will learn about the critical roles played by the engineering, marketing, and finance departments, as well as each stage of the product development process. The book also includes:

  • Thorough introductions to product development and the role of the marketing group in product development, including corporate strategy, product and business plans, and marketing leadership
  • Comprehensive explorations of the role of the engineering group in product development, including functional areas led by engineers and engineering leadership
  • Practical discussions of the core team and teamwork in product development, including executives’ roles, the role of the accounting department, and the identification of key stakeholders
  • In-depth examinations of how to move forward with product development after project approval

Perfect for early- and mid-career engineers working in product-oriented companies, as well as marketers and other business professionals seeking to understand engineering best practices, Product Development is the ideal reference for use in upper-level undergraduate Product Development courses.

Acknowledgments viii
About the Author ix
1 Introduction to Product Development
1(6)
Project Management and Product Development
2(1)
What Is Product Development?
3(1)
How This Book Is Organized
3(4)
2 The Role of Marketing in Product Development
7(28)
Corporate Strategy -- Strategic Planning
7(3)
Marketing, Sales, and the Four Ps
10(1)
The 1st P -- Product
11(2)
Example of Product Displacement
13(2)
The 2nd P -- Promotion
15(1)
The 3rd P -- Pricing
16(1)
The 4th P -- Placement
17(1)
The Business Case
18(1)
The Roles of Marketing and Engineering in Product Development
19(2)
Marketing Services
21(1)
New Product Development and Market Economics: The Future of Electric Trucks vs Costs and Public Policy
21(14)
3 The Role of the Engineering Group in Product Development
35(26)
Driving Products -- the Engineering Perspective
35(2)
Engineering Disciplines
37(2)
The Engineering Process
39(6)
Ergonomics (Human Factors Engineering)
45(3)
Additional Design Considerations -- Product Liability
48(2)
Government Oversight -- Consumer Protection in the United States
50(2)
Discussion Case 3.1 Lawsuit over Hot Coffee
52(1)
Design Challenges -- Product Misuse
53(2)
Problems with Product Development
55(6)
4 The Core Team and Teamwork in Product Development
61(34)
The Executive's Role in Product Development
61(1)
Working Within the Strategic Plan
61(1)
Project Management Processes
62(1)
Who Should Be Involved in Product Development?
63(3)
Constraint on Product Development: A Note about Sarbanes-Oxley and Publicly Held Companies
66(1)
Essentials of Teamwork and Communications across Functional Lines
67(1)
Project/Product Communication
68(2)
Budgets, Schedules, and Miscellaneous Small Tasks
70(3)
Leadership in Product Development
73(3)
How Do Leaders Go Wrong?
76(1)
The Roles of Accounting and Finance
77(4)
Decision Points and Net Present Value (NPV)
81(3)
The Bigger Picture
84(1)
Driving Product Development
85(1)
Working in Silos and with Stakeholders
86(1)
Identifying Stakeholders
87(8)
5 Getting Started -- Project Approved: Product/Project Management and Engineering
95(30)
Taking the Business Case from Concept to Reality
95(1)
Basic Research
96(1)
Applied Research
97(1)
Project Management in Product Development
98(1)
Why Do Projects Fail?
99(2)
Traditional and Agile Project Management
101(2)
Sample Project Plan -- Detailed Table of Contents
103(2)
A True Case Study -- Company Dysfunction and a Lack of Project Management
105(2)
Developing and Controlling Scope -- Using a Work Breakdown Structure (WBS)
107(1)
Developing a Budget and Cash Flows
108(4)
Agile PM
112(1)
The Vision Statement
113(2)
Agile Hybrid in Action -- Marketing Natural Gas in the Southeastern United States: Gas South, A True Story
115(2)
Discussion Case 5.1 A True Story: Product Development Without Project Management
117(8)
6 Product Development for Small Firms and Entrepreneurs
125(22)
Funding for Your Start-Up: A Necessary Ingredient
125(1)
Loans from the Bank and Small Business Administration (SBA)
126(1)
Funding from Venture Capitalists
127(1)
Funding by Issuing Shares of Stock
128(1)
Funding with Angel Investors
128(1)
Other Sources of Business and Financial Assistance
129(1)
Summary on Product Development and Sources of Funding
130(1)
Small Firm Challenges
131(1)
Lack of Structured Planning
132(1)
Marketing Message Not Strong or Clear
133(1)
Legal and Regulatory Obstacles
133(1)
Use of a Product Roadmap
134(1)
Innovation
135(2)
When (Or If) to Patent
137(10)
7 Manufacturing the New Product
147(16)
The State of Manufacturing
150(6)
New Manufacturing Advances
156(7)
8 Engineering Product Design and Testing
163(30)
Managing the Approved Scope and Budget -- Why Is This Important?
163(1)
The Project Lifecycle
164(2)
A True Story: Ignoring the Warning Signs
166(1)
Preventing Failure and Surprises: Performing a Risk Review
167(1)
Two Types of Risk Review: Qualitative and Quantitative
168(3)
Design and Status Reviews
171(2)
Modeling -- Speeding Product Development
173(1)
Integrating Supply Chain and Manufacturing
174(2)
The Role of Supply Chain in Product Development
176(4)
Proposals, Pricing, Statements of Work (SOWs)
180(2)
New Technologies -- Identification and Adaptation
182(3)
Alignment with Business Strategy
185(1)
Using SWOT
186(1)
Gates and Stakeholders
187(6)
9 Successful Product Launch and Post Review
193(12)
Pricing
194(2)
Integrated Marketing
196(2)
Product Development -- Post Review
198(7)
10 Summary -- Connecting the Dots
205(8)
A Logical Process Flow
206(7)
Index 213
David V. Tennant, PE, PMP, MBA, is Founder of Windward Consulting Group, a firm that provides strategic planning, project rescues, and training to international companies in the power, electric, and manufacturing sectors. He holds engineering degrees from Florida Atlantic University and the Georgia Institute of Technology and is Chair Emeritus of the Atlanta chapter of PMI.