Topic Six, Part 5 - Innovation, Research and Development

Question 1

What is innovation?

Answer 1

The introduction of a better product.

Question 2

What is the role of research and development?

Answer 2

• Ensure customer needs are met

- Reduce waste and explore alternative materials to improve production process

Question 3

What are the problems of research and development?

Answer 3

• Cost
• Patents and Copyright
• Fast technological changes

Question 4

What are Morphological Studies?

Answer 4

A method to generate ideas quickly and cheaply using a grid

Question 5

What are the advantages of innovation?

Answer 5

• Lower costs by improving productivity

- premium price can be charged

Question 6

What are the three aspects to a value analysis?

Answer 6

Function, aesthetic, cost

Question 7

What is the function aspect of the value analysis?

Answer 7

The task the product performs. Closer the focus on function, higher the performance

Question 8

What is the aesthetic aspect of the value analysis?

Answer 8

The looks of the product. Closer the aesthetic focus , Better the product looks

Question 9

What is the cost aspect of the value analysis?

Answer 9

The cost of product based on production costs. Closer the focus on cost, lower the costs