New Product Management Assignment
New Product Management Assignment
AIB student ID number: Student name: Course name: Subject name: Subject facilitator: Teaching Centre: No. of pages: Word count: DECLARATION
A12784 JASON FARADAY MARKETING MANAGEMENT NEW PRODUCT MANAGEMENT TIMITRA WILLIAMS SITAL COLLEGE OF TERTIARY EDUCATION LIMITED 14 1913
I, the above named student, confirm that by submitting, or causing the attached assignment to be submitted, to AIB, I have not plagiarised any other persons work in this assignment and except where appropriately acknowledged, this assignment is my own work, has been expressed in my own words, and has not previously been submitted for assessment.
ASSESSMENT SHEET
(to be completed by the examiner)
/4
Application of principles. That is, the analysis and evaluation of the example problem based on the principles, including the final recommendations and their justification
/8
How well the example problem was described, including the extent and depth of information (including the data) about it that was accessed
/4
Structure and presentation
/2
Style, grammar and language
/2
/20
I agree with the assessors assessment I disagree with the assessors assessment and the new mark is as follows for the following reasons:
Moderator:
Executive Summary
This paper seeks to investigate how efficient and effective the Ministry of Gender, Youth and Child Developments new service innovation process is and ways to enhance it. An analysis was conducted comparing the organisation against best practices of the Stage-Gate process. Furthermore, relevant and informed recommendations were made to enhance the process.
Table of Contents
Introduction ................................................................................ 7 MGYCDs New Production Innovation Structure ......................... 8 Analysis of MGYCD Against the Stage-Gate Process ................. 11 Justification of Using the Stage-Gate Process ........................... 13 Recommendations to Enhance MGYCDs Innovation Process... 14 Conclusion ................................................................................ 15 References ................................................................................ 16 Appendices ............................................................................... 17
Introduction
The Ministry of Gender, Youth and Child Development (MGYCD) is a Stateowned organisation established in January 2011 and mandated by the government of Trinidad and Tobago to render services by educating, enhancing and funding to youths between the ages eleven (11) to thirty (30) years. Initiatives undertaken by the organisation promote literary and encourages self-enhancement. These initiatives include mentoring, the teaching of skills such as jewellery making, culinary arts and music. The organisation is a nonprofit organisation and hence, focuses on superior citizen service and satisfaction. The purpose of this assignment is to identify what process of product innovation the organisation utilities and produce an analysis of what the company implements as oppose to best practices that are mentioned in the textbook. Also, included would be a justification of the need for the product innovation process, the risks involved in adopting the appropriate process and recommendations which can be considered to enhance the company product innovation process.
The Stages include: Phase 1: Opportunity Identification and Selection Phase 2: Concept Generation Phase 3: Concept/Project Evaluation Phase 4: Development (Includes both technical and marketing tasks) Phase 5: Launch The main objective of this process is to identify all possible risks and uncertainty and be able to manage them successfully. (Crawford and Di Benedetto 2011) Stemming from this platform lies the evolution of the Stage-Gate Process. This process follows the concept of the basic original new products process. This process also involves five stages and includes the participation of selected cross-functional teams playing the role of what they are referred to as GateKeepers. The process commences with the Discovery Stage which involves the birth of the ideas and many potential opportunities. These discoveries are then assessed at the first stage, known as the Scoping Stage, at a very low cost. The third stage which is referred to as the Build Business Case, can either half or approve the project in preparation for the next stage. The following stage is the Development At this juncture requires more financial and human resource involvement and hence the actual design and development of the product is implemented. This includes marketing and operating plans as well as the testing aspects are introduced.
Stage 4 of the Stage-Gate Process is known as the Testing and Validation. This stage validates the entire project as a whole ranging from the product, to manufacturing and customer acceptance. Finally, Stage 5 is known as the Launch stage and is concerned with the actual industrialisation and commercialisation of the product/service.
Diagram 1.1, which can be found in the appendix, illustrates the entire StageGate process from the discovery stage to the launch stage. (Product Development Institute Incorporated 2012) The Ministry of Gender, Youth and Child Development (MGYCD) deploys a system similar to that of the Stage-Gate Process but in relation to service. The organisation commences with the discovery stage as an idea to conduct youthoriented programmes can be generated by any member of the staff, a member of the community or member of a youth group registered under the organisation. This idea is then taken to the Youth Officer, who is the Ministrys representative for the community, in the form of a proposal so that he or she can conduct a slight review. Pertinent questions such as what value to the community can this programme add? what are the projected benefits of this programme? are questions which should be answered in the proposal. Depending on how well the proposal was done would determine if the project would be allowed to move beyond the Youth Officer. The Youth Officer acts as a gate-keeper on behalf of the Ministry. Assuming that all things are being equal and the proposal is accepted by the Youth Officer, he or she sanctions a GO which allows the proposal to move on to the next stage. The second stage, which is equivalent to the Build Business Stage, the proposal is then sent to the Youth Officer II, who is the Youth Officers superior and the second gatekeeper in the organisations service development process. He or she is responsible for conducting thorough reviews of the proposal and also conducting one and one interviews with the idea generator to ensure that the project is indeed ready for actual design and development in the next stage. Once the proposal is approved by the Youth Officer II it then goes into the development stage in the process whereby the Director of Affairs is the third gate-keeper. He or she is responsible for taking the proposal to the crossfunctional team known as the Funding Committee so that it can be approved and finalised by top management. This cross-functional team consists of the Director of Affairs, Heads from the Human Resource, Accounting and Communications departments as well as the Ministrys Line Minister. The proposal is then voted upon and approved for funding and launching. Once this stage is successful, the idea evolves from being a proposal into a programme/project initiative preparing for an official launch through the use of
the mass media and the internet. Diagram 1.2 illustrates the organisational structure of MGYCD.
In a fast-paced environment such as Trinidad and Tobago, whereby efficiency and effectively are demanded by its citizens, it is imperative for the organisation to follow these best practices to revamp its current process and enhance customer service and satisfaction.
Conclusion
Having discussed MGYCD in great detail with respect to its new service innovation process and outlined its strengths, weaknesses against the best practices of the Stage-Gate as well as offer recommendations which should positively impact the organisation, one can identify that the main objective of this assignment was realised which was to conduct an investigation into MGYCDs product innovation process. The Ministry should seriously consider the issues and recommendations discussed in the assignment and make appropriate adjustments where needed. Once these necessary steps are by the organisation it can definitely enhance citizen service and satisfaction.
References
Crawford, CM and Di Benedetto, C 2011, New Products Management, 10th edition, McGraw Hill, New York.
Product Development Institute Incorporated 2012, Stage-Gate Innovation Process http://www.prod-dev.com/stage-gate.php Viewed 02 December 2012.
Appendices
Diagram 1.1
Diagram 1.2