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Criteria for Innovation. PPA 730 -1. Balancing Constraints. What fundamental technical constraints are lifted? What new constraints emerge with the innovation? Is the innovation an improvement?. “Embodiment”. Is the product enhanced by the new innovation/technology?

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Presentation Transcript
balancing constraints
Balancing Constraints
  • What fundamental technical constraints are lifted?
  • What new constraints emerge with the innovation?
    • Is the innovation an improvement?
embodiment
“Embodiment”
  • Is the product enhanced by the new innovation/technology?
  • Is the innovation diluted or enhanced by the embodiment?
  • Does the embodiment offer opportunity for further enhancement?
profit potential
Profit Potential
  • Does the innovation displace or weaken existing business operations?
  • What new business processes are needed?
  • Advantages/disadvantages of new vs. existing business processes.
market potential
Market Potential
  • Does the innovation/technology enhance the marketplace?
  • Does the innovation/technology reduce the cost of delivery to the market?
  • Is the market more sensitive to price or effectiveness?
design to cost
Design to Cost
  • determine performance requirements
  • determine price elasticity curve
  • unit cost objectives
  • cost versus time objectives
use when
Use when:
  • product attributes are known
  • when market is cost competitive
  • product obsolescence is likely
design to performance
Design to Performance
  • determine performance requirements
  • select design that meets or exceeds
  • determine cost of design
  • redesign as needed to improve performance or lower cost
use when9
Use when:
  • performance criteria are the primary consideration
  • development expected to be technically difficult & lengthy
  • cost variables are known, but difficult to estimate with precision
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