New Product Development Concept Research Articles

NEW PRODUCT DEVELOPMENT AND ORGANIZATIONAL PERFORMANCE IN NIGERIA

The idea of New Product Development (NPD) has its origin from constant changes in consumer preference and choices based on available products. The changing trend in customer accessibility to information on product availability and performance driven by Information and Communications Technology (ICT); has emboldened manufacturing firms to modify their NPD process in line with customers’ needs and wants for the ultimate purpose of satisfying the end users of their products. The aim objective of this study is to examine the effect of new product development on organizational performance, additional challenging issues include; the far-reaching effect of market research, specific allocation of budget for NPD by manufacturing firms and effective training and re-training of personnel for Research and Development (R&D). The study evaluates the concept of new product development and organizational performance by adopting the dynamic capability theory. The descriptive research methodology was adopted in which 302 questionnaires were administered to respondents who were basically staff, distribution intermediaries and end users of products in Uyo, Akwa Ibom State and Port Harcourt Rivers State.; also, comprehensive interview was conducted on areas where the questionnaire could not cover effectively. The result of the study revealed that there was a significant relationship between New Product Development and organizational performance. The study recommended that key towards outstanding performance by manufacturing firms ‘lie in their ability to effectively train their personnel to conduct effective market research to identify the preferences of the consumer, and deliver products that satisfy their exact need, as a pre-requisite for sustainable performance. Keywords: new product development, organizational performance, research & development, and customer

PROYEK PENGEMBANGAN PRODUK MAKANAN TRADISIONAL DENDENG BALADO KEMASAN “NAN TARASO”

New product development has become a way to enhance business growth. In this case, “Dendeng balado” as one of the Mnangkabau traditional cuisines that can be transformed into new type of products by using the concept of new product development. The purpose of this paper is to examine entrepreneurial activities from the implementation of new product development by producing new type of “dendeng balado” (beef jerky): dendeng balado as an instant food. This project was carried out through several stages, starting from problem solving concept development followed by idea validation and market validation. Business strategies were formulated by using business model canvas in order to make certain that this product can be accepeted by target markets. It was found that brand new "Nan Taraso" has succesfully attracted potential target markets as they like the new packaging including its colour and design. I terms of commercialization phase, it was found that it would have been better for this product to be sold to travellers and those who see this product as “oleh-oleh” from West Sumatra. His can be considered re-target market that signifies the importance of business strategies and market dynamics.

Sustainable dual-channel closed-loop supply chain network with new products for the lighting industry

Designing a sustainable supply chain network is of importance in terms of economic, environmental and social aspects of different sectors of society. This can also be followed in the lighting industry while developing a new product. This study mainly aims to solve a multi-objective dual-channel closed-loop supply chain, considering the uncertain nature of price and demand. To do this, two novel hybrid meta-heuristic algorithms are developed with some changes in their mechanism. The proposed model is then conducted in the lighting industry, and the numerical results are presented. They prove that the proposed model is applicable for considering the concept of new product development (NPD) in a sustainable supply chain network design (SCND). Moreover, the performance of the proposed hybrid approach is more efficient than single algorithms. Finally, a comprehensive discussion is presented to reveal the managerial insights into the results.

The Effect of Artificial Intelligence (AI) on New Product Development (NPD): A Future Scenario

In the future, artificial intelligence (AI) is likely to encounter users in many areas. Today, there is research on these and also products that consist of extensive interactions with the application. In the context of the concept of new product development (NPD), we focus on what kind of scenario the user expects in the future, given the current resources, applied surveys and data collection base, while addressing the impact of artificial intelligence on developing and growing products. Our survey results with Generation Z show how digital assistants created by the influence of artificial intelligence connect with the user and how these assistants will meet with the user in the future. It was concluded that the participants wanted to be friends with the product they were using in line with their answers to open-ended questions. In line with this result, we designed a product based on predictions and developed a future scenario with this product. The future scenario developed has been in the direction of supporting the survey results that we apply to the users.

Sustainable Supplier Selection for New Product Development: A Multi-Objective Framework

Availability of emerging technology, globalization scenario, use of information and communication technology (ICT), and decreasing transportation cost (logistic optimal fleet selection) are responsible for rapid variation in product demand and these demands can be handled by using the concept of new product development (NPD) under sustainable supply chain (SSC) environment. In today’s manufacturing environment, it is a challenging task for practitioners and researchers, how to handle new product development (NPD) in a sustainable supply chain environment. In general, economical, social, and environmental are three aspects of sustainability. Individual aspect of SSC issues for NPD has been found in the literature but integration of all the three aspects for NPD is an emerging topic. Therefore, in this paper, we tried to provide a holistic approach for integrating SSC concerns with NPD.

New Product Development (NPD) Process – An Example of Industrial Sector

Abstract This aim of this article is to present the process of new product introduction on example of industrial sector in context of new product development (NPD) concept. In the article, the concept of new product development is discussed and the different stages of the process of new electric motor development are analysed taking into account its objectives, implemented procedures, functions and responsibilities division. In the article, information from secondary sources and the results of empirical research – conducted in an international manufacturing company – are used. The research results show the significance of project leader and regular cooperation with final client in the NPD process.

On the requirements of new software development

Change, they usually say, is the only constant in life. Everything rapidly changes around us, and increasingly, the key to survival is the ability to adapt rapidly to changes. This consideration applies to many aspects of our lives. Strangely enough, this nearly self-evident truth is not always considered by software engineers with the seriousness that it calls for: the assumptions we draw for our systems often do not take into due account that, for example, the run-time environments, the operational conditions, or the available resources will vary. Software is especially vulnerable to this threat, and with today's software-dominated systems controlling crucial services in nuclear plants, airborne equipment, healthcare systems and so forth, it becomes clear how this situation may potentially lead to catastrophes. This work discusses this problem and defines some of the requirements towards its effective solution, which we call 'new software development', as the software equivalent of the well-known concept of new product development. The paper also introduces and discusses a practical example of a software tool that was designed taking those requirements into account – an adaptive data integrity provision in which the degree of redundancy is not fixed once and for all at design time, but rather changes dynamically with respect to the disturbances experienced during run-time.