Mastering Disruption and Innovation in Product Management

2018-09-07

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Author: Christoph Fuchs
Publisher: Springer
ISBN: 3319935127
Category : Business & Economics
Languages : en
Pages : 298

This book is an essential guide or foundational toolkit for anyone who is involved in the process of developing, offering or selling any type of product or service. Based on how to surf on the waves of innovation and the principle of “form follows function” (System Architecture), it introduces and connects concepts like Market Understanding, Design Thinking, Design to Value, Modularization and Agility. It introduces readers to the essence of these main frameworks and provides a toolkit that explains both theoretically and practically when and how to utilize which one. The methods and processes described in this book have all been successfully tested in many industries. They apply in today’s market context of high uncertainty, complexity and turbulence, where innovation and disruption are essential. Readers will find answers to two fundamental questions: How can we implement an innovation process and environment that are conducive to successful product design? And, if our products fail to appeal to customers, how can we achieve a major turn-around with regard to product development? A wealth of examples and case studies help readers to benefit from the authors’ broad professional experience. Further, lessons learned and conceptual summaries provide valuable shortcuts to the methods and tools discussed. For today’s CEOs, enabling innovation is one of THE most complex leadership tasks. But innovation is not about theory and nice buzzwords. It’s about succeeding in the real world. This ‘hands-on’ book connects the dots and introduces the reader to some of the most relevant ideas and pragmatic concepts fitting today’s business reality. Dr. Robert Neuhauser, Executive VP and Global Head People and Leadership Development, Siemens At the most fundamental level this book brings order to chaos. It sets different and highly relevant design approaches into a complementary picture, rather than presenting them as competing ways of solving the same problem. Product designers, managers, consultants, scholars and students will surely have this valuable book within reach on a daily basis. Olivier L. de Weck, Ph.D – MIT Professor of Aeronautics and Astronautics and Engineering Systems, Editor-in-Chief Systems Engineering

Innovation, Innovators and Business

2022-12-14

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Author: Alexandrina Maria Pauceanu
Publisher: Springer Nature
ISBN: 981197408X
Category : Business & Economics
Languages : en
Pages : 218

This textbook approaches innovation and innovators as two elements of an equation with business application. It discusses creativity, methods to develop creativity, design thinking, the lean startup and minimum viable product (MVP), personal development for entrepreneurs, charisma, franchising and cases from the UAE. It is designed to be a practical and up-to-date resource for an innovation and entrepreneurship course. It contains practical information about the innovation frameworks and their applicability, explanation of creativity and creative mindset, methods of innovation, design thinking in practice, lean startup methodology, charisma, setting up a business, go-to-market strategies, growth and change as well as franchise management. It comes with worksheets to help the reader in practicing. The book solves the need of having innovation resources in one place, well explained and exemplified for students, aspirant and existing entrepreneurs as well as innovation enthusiasts.

Cooperative Decision-Making in Modular Product Family Design

2019-11-21

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Author: Marc Windheim
Publisher: Springer Nature
ISBN: 3662607158
Category : Technology & Engineering
Languages : en
Pages : 219

The development of modular product families holds enormous economic potential for companies, as there are always great opportunities but also risks associated with all life phases of a product. However, these fundamental and far-reaching effects inevitably lead to conflicting objectives when defining modular product structures, which makes decision-making in product development particularly complex.Considering relevant theories from decision theory and product family design, this book presents an innovative method to support decision makers in the development of modular product families. The central element of the method is a novel Modularity Decision Dashboard (MDD), which interactively visualizes all decision-relevant data. The findings presented here confirm that applying the method to real-world decision-making problems leads to a more balanced ratio between internal and external variety, and thus significantly contributes to the efficient economic benefit of modularization.

Security and Quality in Cyber-Physical Systems Engineering

2019-11-09

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Author: Stefan Biffl
Publisher: Springer Nature
ISBN: 3030253120
Category : Computers
Languages : en
Pages : 518

This book examines the requirements, risks, and solutions to improve the security and quality of complex cyber-physical systems (C-CPS), such as production systems, power plants, and airplanes, in order to ascertain whether it is possible to protect engineering organizations against cyber threats and to ensure engineering project quality. The book consists of three parts that logically build upon each other. Part I "Product Engineering of Complex Cyber-Physical Systems" discusses the structure and behavior of engineering organizations producing complex cyber-physical systems, providing insights into processes and engineering activities, and highlighting the requirements and border conditions for secure and high-quality engineering. Part II "Engineering Quality Improvement" addresses quality improvements with a focus on engineering data generation, exchange, aggregation, and use within an engineering organization, and the need for proper data modeling and engineering-result validation. Lastly, Part III "Engineering Security Improvement" considers security aspects concerning C-CPS engineering, including engineering organizations’ security assessments and engineering data management, security concepts and technologies that may be leveraged to mitigate the manipulation of engineering data, as well as design and run-time aspects of secure complex cyber-physical systems. The book is intended for several target groups: it enables computer scientists to identify research issues related to the development of new methods, architectures, and technologies for improving quality and security in multi-disciplinary engineering, pushing forward the current state of the art. It also allows researchers involved in the engineering of C-CPS to gain a better understanding of the challenges and requirements of multi-disciplinary engineering that will guide them in their future research and development activities. Lastly, it offers practicing engineers and managers with engineering backgrounds insights into the benefits and limitations of applicable methods, architectures, and technologies for selected use cases.

Sustainability Management And Network Management

2023-06-28

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Author: Kazuki Hamada
Publisher: World Scientific
ISBN: 9811272271
Category : Business & Economics
Languages : en
Pages : 204

The authors focus on the problem of sustainability from the standpoint of corporate management in this book. They propose that 'sustainability management not only earns profits, but also fulfills social responsibilities while considering the environment, people, and society, and enables management to continue to have the potential to survive in the future'. In that sense, it is also related to the Sustainability Development Goals. To fulfil this aim, the authors focus on how companies should implement sustainability management through considering both the theoretical aspects and practical aspects of actual companies.From a theoretical perspective, the authors consider the construction of a business model that achieves both economic and social value, the implementation method of governance control, and the performance evaluation method. From a practical perspective, the current state of sustainability management in Japanese companies is analysed by focusing on the cases of two manufacturing companies and two service companies. In addition, since cooperation with other companies and other organizations is necessary for implementation, the authors explore the ideal form of cooperation between companies and cooperation between the private sector and local governments.

Mastering Product Management: Strategies, Frameworks, and Innovations for Success

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Author: Charles Nehme
Publisher: Charles Nehme
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 78

Product management is a multifaceted discipline that involves the strategic and tactical functions necessary to bring a product from conception to market and beyond. It bridges various domains, including engineering, design, marketing, sales, and customer support, ensuring that a product not only meets market needs but also aligns with the company's strategic goals. Key Aspects of Product Management Vision and Strategy: Vision: A product manager (PM) must develop a clear vision of what the product should achieve and how it fits into the company's overall mission. Strategy: This involves defining the product roadmap, setting long-term and short-term goals, and identifying key performance indicators (KPIs) to measure success. Market Research and Customer Insights: Understanding the target market and customer needs is crucial. This involves conducting market research, competitor analysis, and gathering customer feedback to inform product decisions. Product Development: Idea Generation and Validation: Brainstorming new ideas and validating them through customer feedback and market analysis. Design and Prototyping: Working with designers and engineers to create prototypes and iterate based on user testing. Development and Testing: Overseeing the product development process, ensuring that the product is built according to specifications and is rigorously tested. Go-to-Market Strategy: Positioning and Messaging: Defining how the product should be positioned in the market and developing clear messaging that resonates with the target audience. Launch Planning: Coordinating with marketing, sales, and other teams to plan and execute a successful product launch. Lifecycle Management: Managing the product throughout its lifecycle, from initial launch to growth, maturity, and eventual decline. This includes making decisions about product updates, pricing, and discontinuation. Cross-Functional Leadership: A PM acts as a bridge between various departments, ensuring alignment and effective communication across the organization. They must lead without formal authority, relying on influence and persuasion. Metrics and Analytics: Tracking and analyzing product performance through metrics and analytics. This data-driven approach helps PMs make informed decisions and iterate on the product. The Role of a Product Manager A product manager is often described as the "CEO of the product," though this analogy can be misleading. Unlike a CEO, a PM does not have direct control over most resources and must lead through influence and collaboration. Key responsibilities of a PM include: Defining the product vision and strategy. Gathering and prioritizing product and customer requirements. Working closely with engineering, sales, marketing, and support to ensure revenue and customer satisfaction goals are met. Ensuring that the product supports the company's overall strategy and goals. Skills Required for Product Management Successful product managers possess a blend of skills: Strategic Thinking: Ability to see the big picture and set long-term goals. Analytical Skills: Proficiency in data analysis to make informed decisions. Communication and Leadership: Strong interpersonal skills to lead cross-functional teams. Technical Knowledge: Understanding of the technical aspects of product development. Customer Focus: Deep empathy for customers and the ability to translate their needs into product features. Conclusion Product management is a dynamic and challenging field that requires a combination of strategic vision, technical acumen, and strong leadership skills. By understanding market needs and aligning them with company goals, product managers play a crucial role in driving the success of their products and, ultimately, the organization. Audience The audience for "Mastering Product Management: Strategies, Frameworks, and Innovations for Success" would typically include: Product Managers: Professionals responsible for overseeing the development, launch, and lifecycle management of products or services within organizations. Product Owners: Individuals tasked with defining and prioritizing product features and requirements to ensure alignment with business goals and customer needs. Entrepreneurs and Startup Founders: Those seeking to understand best practices in product development, market strategy, and innovation to drive growth and success. Business Leaders and Executives: Decision-makers interested in leveraging product management principles to enhance business strategy, innovation, and market competitiveness. Cross-Functional Teams: Professionals from disciplines such as marketing, engineering, design, and sales who collaborate with product managers to bring products to market successfully. Students and Academics: Individuals studying business, marketing, entrepreneurship, or related fields who want to deepen their knowledge of product management concepts and strategies. Consultants and Advisors: Experts providing guidance and insights to organizations on product strategy, innovation, and market positioning. The book aims to cater to a diverse audience interested in mastering the intricacies of product management, from foundational principles to advanced strategies and innovations driving success in today's competitive business landscape.

The Digital Transformation of Labor

2019-11-11

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Author: Anthony Larsson
Publisher: Routledge
ISBN: 1000731081
Category : Business & Economics
Languages : en
Pages : 302

Through a series of studies, the overarching aim of this book is to investigate if and how the digitalization/digital transformation process causes (or may cause) the autonomy of various labor functions, and its impact in creating (or stymieing) various job opportunities on the labor market. This book also seeks to illuminate what actors/groups are mostly benefited by the digitalization/digital transformation and which actors/groups that are put at risk by it. This book takes its point of departure from a 2016 OECD report that contends that the impact digitalization has on the future of labor is ambiguous, as on the one hand it is suggested that technological change is labor-saving, but on the other hand, it is suggested that digital technologies have not created new jobs on a scale that it replaces old jobs. Another 2018 OECD report indicated that digitalization and automation as such does not pose a real risk of destroying any significant number of jobs for the foreseeable future, although tasks would by and large change significantly. This would affects welfare, as most of its revenue stems from taxation, and particularly so from the taxation on labor (directly or indirectly). For this reason, this book will set out to explore how the future technological and societal advancements impact labor conditions. The book seeks to provide an innovative, enriching and controversial take on how various aspects of the labor market can be (and are) affected the ongoing digitalization trend in a way that is not covered by extant literature. As such, this book intends to cater to a wider readership, from a general audience and students, to specialized professionals and academics wanting to gain a deeper understanding of the possible future developments of the labor market in light of an accelerating digitalization/digital transformation of society at large.

NewSpace Systems Engineering

2021-01-20

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Author: Ignacio Chechile
Publisher: Springer Nature
ISBN: 3030668983
Category : Technology & Engineering
Languages : en
Pages : 289

This book provides a guide to engineering successful and reliable products for the NewSpace industry. By discussing both the challenges involved in designing technical artefacts, and the challenges of growing an organisation, the book presents a unique approach to the topic. New Space Systems Engineering explores numerous difficulties encountered when designing a space system from scratch on limited budgets, non-existing processes, and great deal of organizational fluidity and emergence. It combines technical topics related to design, such as system requirements, modular architectures, and system integration, with topics related to organizational design, complexity, systems thinking, design thinking and a model based systems engineering. Its integrated approach mean this book will be of interest to researchers, engineers, investors, and early-stage space companies alike. It will help New Space founders and professionals develop their technologies and business practices, leading to more robust companies and engineering development.

Political Entrepreneurs

2023-09-26

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Author: Catherine E. De Vries
Publisher: Princeton University Press
ISBN: 0691254125
Category : Political Science
Languages : en
Pages : 336

How challenger parties, acting as political entrepreneurs, are changing European democracies Challenger parties are on the rise in Europe, exemplified by the likes of Podemos in Spain, the National Rally in France, the Alternative for Germany, or the Brexit Party in Great Britain. Like disruptive entrepreneurs, these parties offer new policies and defy the dominance of established party brands. In the face of these challenges and a more volatile electorate, mainstream parties are losing their grip on power. In this book, Catherine De Vries and Sara Hobolt explore why some challenger parties are so successful and what mainstream parties can do to confront these political entrepreneurs. Drawing analogies with how firms compete, De Vries and Hobolt demonstrate that political change is as much about the ability of challenger parties to innovate as it is about the inability of dominant parties to respond. Challenger parties employ two types of innovation to break established party dominance: they mobilize new issues, such as immigration, the environment, and Euroscepticism, and they employ antiestablishment rhetoric to undermine mainstream party appeal. Unencumbered by government experience, challenger parties adapt more quickly to shifting voter tastes and harness voter disenchantment. Delving into strategies of dominance versus innovation, the authors explain why European party systems have remained stable for decades, but also why they are now increasingly under strain. As challenger parties continue to seek to disrupt the existing order, Political Entrepreneurs shows that their ascendency fundamentally alters government stability and democratic politics.

Autopoiesis

2022-05-13

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Author: Clemens Dachs
Publisher: BoD – Books on Demand
ISBN: 3756262103
Category : Business & Economics
Languages : en
Pages : 100

Who is able to synchronize the work of 100 trillion suborganizations? Who can accelerate every single process by a factor of 100 billion? Which organization has a growth rate of 100% in 20 minutes? Which organization survives and growths since 4 billion years? Life is the ultimate best-of-best-benchmark for organizations. It is time to understand the underlying principles in detail and to apply them to business. This book analyzes the system dynamics and system architecture of cells in detail, derives design principles and translates them to business.