Tentafrågor Flashcards
What is the objective of a technology strategy and which areas does it usually address?
The objective of a technology strategy is to guide the firm in acquiring, developing and applying technology for competitive advantage, efficiency, and overall performance. In a technology strategy the following topics should be included:
- Focus
- Source
- Timing and frequency of implementation
Discuss five reasons why it can be beneficial to bring competitive products to the market more rapidly than competitors
- Enjoy a longer product life
- Faster bay-back time
- Faster use of emerging new technologies
- Set a higher market price
- Set the market price
- Market capture
- Head start on next developing cycle and derivatives
- Faster react to evolving market demands
- Enjoy scale effects
- Establish industry standards
- First-Mover Advantage
What are the goals with project portfolio management and what methods and tools can you use in order to achieve these goals?
Project portfolio management refers to a company’s capability to manage its portfolio of projects in order to achieve maximum return on investment. The goals with PPM are:
- Maximized value of portfolio
- Balance of portfolio
- Strong link to business strategy
The tools are:
- Scoring models
- Bubble diagrams
- Top-down e.g. strategic buckets
Wheelright and Clark classify development projects into different categories or types. Which are these and what is the primary distinguishing dimension?
- Research and advanced development projects
- Breakthrough or Radical development projects
- Platform or next generation development projects
- Derivative development projects
- Alliance or partnered projects
Managing R&D is really much about management of dilemmas. Describe three typical managerial dilemmas or “trade-offs” that commonly need to be handled by R&D managers
- How to balance time, cost and quality
- The moving target
- Problem solving delays
- Unexpected technical problems
- Rapid technology shifts
- How to plan your resources of time
- Mismatches between functions
- Lack of product distinctiveness
- Unresolved policy issues
Traditionally functionally organized structures have a tendency to develop barriers to the necessary cooperation and integration between the functions. What are the these barriers?
- Competence
- Culture
- Status
- Time pressure
- Geographical distance
- Goals
- Information availability
- Organization affiliation
What integration mechanism can organizations use in order to overcome “these” barriers?
These is organizational and lateral mechanisms:
Organizational:
- Hierarchical authority
- Rules, programs & procedures
- Planning & goal setting
- Narrowing span of control
Lateral mechanisms/processes (between functions):
- Direct contact
- Liaison rules
- Integrating roles
- Task forces (temporary problem solving groups)
- Cross-functional teams
- Matrix design
W&C describe four different communication patterns as critical elements of cross-functional integration. Relate these communication patterns to the four modes of upstream and downstream interaction proposed by the authors
The four communication patterns are:
- Richness of media
- Frequency
- Direction
- Timing
And the four modes of upstream and downstream interaction are:
- Mode 1 - Serial mode
- Mode 2 - “Early start in the dark’’
- Mode 3 - Early involvement
- Mode 4 - Integrated problem solving
What is QFD and DFA and when in a generic product development process, can these methods come to play?
- QFD is also called the house of quality. It is a formalized method of matching the expressed needs of the customers to the features and functions of the product. It is a way to translate customer requirements to design requirements where you identify important correlations between these in order to focus on those design requirements that are most important to the voice of the customer. You also compare or benchmark these requirements with competitor products in order to set relevant target values on the design requirements.
- QFD is used during the requirement definition, concept development, detailed product design and detailed process design, that is, the whole design process.
- The main aim with DFA is to minimize the number of parts. You do that by answering three important questions in order to identify candidates for elimination or integration. The inspection is done in two steps, for handling and then insertion. The needed data is collected from two worksheets.
- DFA is used during the concept development, detailed product design and detailed process design
Explain the “design-build-test-cycle” and illustrate where the two methods: DFA and QFD can come to play in this cycle.
The design-build-test cycle is a structured and iterative process commonly used in product development. The method emphasizes the iterative and learning aspects of the process. The process consists of the following stages:
- Design
- Build
- Test
As mentioned the cycle is iterative which means that when all the stages are done the results are evaluated and then the process often returns to the design phase to incorporate design modifications and improvements.
DFA can be used during the Build phase.
QFD can be used early in the design phase.
The development process is a complex set of activities that extends over a considerable time period. Describe the six basic elements in the framework, presented by W&C, senior management can use for understanding that complexity. Which are the basic approaches for building and enhancement of the development capability proposed by the authors?
- Project definition
- Project organization
- Projects management and leadership
- Problem solving, testing, prototyping
- Senior management review and control
- Real-time/midcourse corrections
- The basic approaches for building and enhancement of the development capability proposed by the authors are: the organization must have an effective way of defining products, must understand and appropriately deploy the mechanisms and tools for problem solving and must understand and effectively deal with the issues involved in senior management review and control. The elements must also fit well together in order to create a coherent system and the system must be well matched to the development challenges it faces.
What is a development funnel?
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Discuss the two basic alternative models of development funnels as described by W&C with respect to their dimensions of choice
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What is the purpose of creating an aggregate project plan and discuss some issues managers must confront in developing such a plan
All firms have a set of projects that are on the active list which means projects that have been started and not yet killed or completed. Relatively few firms arrive at such a list through a systematic process of review and decisions about what the set ought to be. The aggregate project plan has several functions and offers firms that develop and use it several advantages. As a starting point, the plan specifies the types of mix of projects that the firm plans to undertake over the planning horizon. Laying the plan explicitly makes it possible to balance the demands of individual projects for critical development resources with existing capacity. In technology-intensive environments, for example, it is crucial to make sure that the demands for scarce engineering talent balance appropriately with the number of engineers available.
These are some issues that managers must confront in developing such a plan:
- To not overcommit development resources
- To not react to near-term pressures
- To not fail to realize the strategic potential in new technology or markets
- Deciding which projects to undertake
- Killing and postponing projects
What is the primary purpose with an Aggregate project plan and what does it show?
The primary purpose with an aggregate project plan is choosing the mix of projects, defining the sequence and creating the projects to support and raise crucial questions about how product and process development ought to be linked to the firm’s competitive opportunities and challenges.