Fundamental Steps for the Development of New Products

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  • 3 years ago

Fundamental Steps for the Development of New Products

First, identify the steps that a musician would have to take in order to gain the commercial success necessary to earn his/her livelihood from selling music.

Outline the actions this musician would have to complete which would make him/her successful enough to support him/her self from selling CDs or MP3s online.

Next, compare the steps you’ve identified to the fundamental steps for new-product development found in section 3.2 of your textbook.

Write a one-page paper specifying the parallels/similarities that you’ve identified.

Criteria 1. Steps were identified that a musician would have to follow in order to gain the commercial success necessary to earn his/her livelihood from selling music. 2. Steps the student identified to the fundamental steps for new-product development were compared to those found in section 3.2 of the textbook. 3. Parallels and similarities between the steps the musician would need to take and Section 3.2 of the textbook were identified and explored in the student's paper. 4. The student supports his/her key points; the paper is clear and easy to read. 5. The paper is well-organized and well-developed. The paper reflects proper word choice, sentence structure, spelling, and punctuation.
Book reference:

Schroeder, R. G., Goldstein, S. M., & Rungtusanatham, M. J. (2013). Operations management in the supply chain: Decisions and cases. McGraw-Hill Education.

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