New Products Management (N1587)
15 credits, Level 6
You learn how important it is for organisations to continuously develop new and improved products so they are not left behind in the market.
You see why product development is a risky business and why many new products fail. You discuss the main issues faced by firms at each stage of the development process.
Through lecturers, case studies and the use of practical exercise you gain an understanding of effective innovation strategies, the tools and techniques firms employ to develop into new products and tactics to take them to market.
Whilst not guaranteeing success, this course will help you minimise the chances of failure in your future product development activities.
This course covers both the analytical and practical management aspects of the product/service design process. It also aims to relate the theoretical basis of the management of innovation with the practical application of design thinking in industry and commerce. It will be heavily centred on the service sector.
You look at:
- product planning
- the produce design process
- concept development and testing
- portfolio management
- managing NPD
- testing and market research
- commercialisation strategies
- success factors for new products
- measuring innovation performance.
50%: Practical (Workshop)
20%: Coursework (Portfolio)
80%: Examination (Unseen examination)
Contact hours and workload
This module is 150 hours of work. This breaks down into 33 hours of contact time and 117 hours of independent study.
This module is running in the academic year 2019/20. We also plan to offer it in future academic years. It may become unavailable due to staff availability, student demand or updates to our curriculum. We’ll make sure to let our applicants know of such changes to modules at the earliest opportunity.