Innovation

Question 1

The Innovation Process

Answer 1

Product profile (Need situation)
& Invention (Idea and technical solution)
& Market Introduction ( Market penetration)
= Innovation (Market Success)

Question 2

The Product Lifecycle

Answer 2

• Product generation lifecycle
• Technology lifecycle
• Sector Lifecycle

Question 3

Important considerations with regards to product lifecycles

Answer 3

1. TtM: Time to Market
2. TiM: Time in Market
3. Cost of Development
4. Start of Production
5. Profit threshold / Break-Even Point

Question 4

Product Generations

Answer 4

A product generation Gi is an independent socio-technical system which is characterized by its individual Time-to-Market and whose elements are products.

Its development is driven by redesigning its subsystems by means of:
- principle variation (PV)
- embodiment variation (EV)
- carryover variation (CV)

Question 5

Influence of system levels on development risks

Answer 5

The development risk should be assessed based on the new development share (cv, ev or pv) and the if the reference product is internal or external.