Innovation basics
Third stage of the product life cycle
Maturity
A codevelopment approach in which suppliers participate directly in product design activities
early supplier involvement (ESI)
What is the last stage of Product/Process Innovation called?
Market Introduction
A particular application of open innovation is known as?
crowdsourcing
A disciplined approach that defines specific criteria for each proj- ect stage that must be completed before proceeding to the next stage
stage-gate process
Many activities in design and development of all the processes can be overlapped using
concurrent engineering
Existing products are continuously improved with minor changes or additions
Incremental product redesign
Firms often partner with other firms to ____ the new product or process
codevelop
Projects developing products or processes that will employ some entirely new technology
Radical breakthrough development projects
Cost categories in new product/process development are: _______, Sustaining and warranty costs, Production and sales support costs
Development costs
Procedure for identifying and correcting potential quality problems inherent to product or process designs
Failure modes and effects analysis (FMEA)
Adding a peanut butter flavor or a new color to M&Ms candy amounts to a _____
derivative project