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Term 1 (2024-2025) > IEPRODE > Flashcards

IEPRODE Flashcards

1
Q

Something sold by an enterprise to its customers

A

Product

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2
Q

Set of activities beginning with the perception of a market opportunity and ending in the production, sale, and delivery of a product.

A

Product development

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3
Q

Characteristics of Successful Product Development

A

Product Quality
Product Cost
Development Time
Development Cost
Development Capability

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4
Q

How good is the product resulting from the development effort?

A

Product Quality

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5
Q

What is the manufacturing cost of the product?

A

Product Cost

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6
Q

How quickly did the team complete the product development effort?

A

Development Time

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7
Q

How much did the firm have to spend to develop the product?

A

Development Cost

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8
Q

Are the team and the firm better able to develop future products as a result of their experience with a product development project?

A

Development Capability

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9
Q

Three functions that are central to product development

A

Marketing
Design
Manufacturing

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10
Q

The __________ function mediates the interactions between the firms and its customers. it often facilitates the identification of product opportunities, definition of market segments, and identification of customer needs.

A

Marketing

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11
Q

The _________ function plays a lead role in defining the physical form of the product to meet customer needs. Includes engineering design, and industrial design.

A

Design

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12
Q

The _________ function is primarily responsible for designing, operating, and or coordinating the production system in order to produce the product.

A

Manufacturing

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13
Q

Collection of individuals developing a product

A

Product team

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14
Q

Challenges of Product Design

A

Trade-offs
Dynamics
Details
Time pressure
Economics

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15
Q

A sequence of steps that transforms a set of inputs into a set of outputs.

A

Process

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16
Q

A sequence of steps or activities that an enterprise employs to conceive, design, and commercialize a product.

A

Product Development Process

17
Q

Six phases of the generic product development process:

A
  1. Planning
  2. Concept Development
  3. System Level Design
  4. Detail Design
  5. Testing and Refinement
  6. Production Ramp-up
18
Q

Often referred to as phase zero in the product development process

A

Planning

19
Q

In this phase of the product development process, the needs of the target market are identified, alternative product concepts are generated and evaluated, and one or more concepts are selected for further development and testing.

A

Concept development

20
Q

This phase of the product development process includes the definition of the product architecture, decomposition of the product into subsystems and components, and the preliminary design of key components.

A

System-level design

21
Q

This phase of the product development process includes the complete specification of the geometry, materials, and tolerances of all of the unique parts in the product and the identification of all of the standard parts to be purchased from suppliers.

A

Detail Design

22
Q

This phase of the product development process involves the construction and evaluation of multiple preproduction versions of the product.

A

Testing and Refinement

23
Q

In this phase of the product development process, the product is made using the intended production system.

A

Production Ramp Up

24
Q

_______ prototypes are tested to determine whether the product will work as designed and whether the product satisfies customer needs. _______ prototypes are usually built with parts supplied by the intended production processes but may not be assembled using the final assembly process.

A

Alpha ; Beta

25
Q

An assessment of the project from both commercial and technical perspectives and is intended to identify ways to improve the development process for future projects.

A

Postlaunch project review

26
Q

Under the concept development process, at any stage, new information may become available or results learned that can cause the team to step back to repeat an earlier activity before proceeding. This repetition of nominally complete activities is known as _________________.

A

Development iteration

27
Q

A product built around a preexisting technological subsystem (or a technological platform)

A

Platform Product

28
Q

In the context of product development, a/an ______________ is an idea for a new product.

A

Opportunity

29
Q

An activity that considers the portfolio of projects that an organization might pursue and determines what subset of these projects will be pursued over what time period

A

Product Planning

30
Q

Identifies the portfolio of products to be developed by the organization and the timing of their introduction to the market

A

Product plan

31
Q

Four types of product development projects

A

New product platforms
Derivatives of existing product platforms
Incremental improvements to existing products
Fundamentally new products

32
Q

Type of product development project that involves a major development effort to create a new family of products based on a new common platform.

A

New product platform

33
Q

Type of product development project that extends an existing product platform to better address familiar markets with one or more new products.

A

Derivatives of existing product platforms

34
Q

Type of product development project that only involves adding or modifying some features of existing products in order to keep the product line current and competitive.

A

Incremental improvements to existing products

35
Q

Type of product development project that involves radically different product or production technologies and may help to address new and unfamiliar markets.

A

Fundamentally new product

36
Q

An organization’s ______________ defines a basic approach to markets and products with respect to competitors

A

Competitive strategy

Term 1 (2024-2025) (10 decks)

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