Name: new product development: an empirical approach to study of the effects of innovation strategy, organization learning and market conditions
SKU: 25620731
Price: 176.51 EUR
Availability: InStock
Author: Kumar, Sameer ; Phrommathed, Promma
ISBN: 9781441935946

portada new product development: an empirical approach to study of the effects of innovation strategy, organization learning and market conditions

new product development: an empirical approach to study of the effects of innovation strategy, organization learning and market conditions

Type

Physical Book

Author

Sameer Kumar

Promma Phrommathed

Publisher

Springer

Year

2010

Language

English

Pages

200

Format

Paperback

Dimensions

23.4x15.6x1.1 cm

Weight

0.30 kg.

ISBN

1441935940

ISBN13

9781441935946

Synopsis "new product development: an empirical approach to study of the effects of innovation strategy, organization learning and market conditions"

The challenge of managing a business enterprise today is to ensure that it can remain efficient and competitive in a dynamic marketplace characterized by high competition, unstable demands, heterogeneous market segments, and short product life cycles. Increasing the pace of new product introduction enables dealing with shorter product lives. To sustain competitiveness, a firm has to be innovative as well as quick to respond to the changing customer needs in order to provide better and faster products to market than competitors. New product development (NPD) is considered as a process of learning. Successful NPD projects typically rely on knowledge and experience of multi-function teams. In addition to corporate strategy and organization learning, the external factors such as, market and competitive conditions also play a big role in driving business strategies. The results from the empirical research study reported shows that companies implementing innovation strategy are more competitive in the long run while those that follow customer-responsive strategy are more likely to have higher return on investment within a shorter time. In order to achieve both sustainable competencies and also meet customer needs in the changing market environment today, a company should adapt to the benefits of both strategies.

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new product development: an empirical approach to study of the effects of innovation strategy, organization learning and market conditions - Kumar, Sameer ; Phrommathed, Promma

Synopsis "new product development: an empirical approach to study of the effects of innovation strategy, organization learning and market conditions"

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