UNIVERSIDAD DE ESPECIALIDADES ESPÍRITU SANTO FACULTAD DE ESTUDIOS INTERNACIONALES SYLLABUS ENGLISH VERSION FOR DAC 11 VER 12 03 09 SUBJECT: Product Development FACULTY: James Keeley, PhD CONTACT HOURS: 48 YEAR: 2011 DAYS: Monday – Thursday ROOM: F209 CODE: UMKT 380 CREDITS: 3 NON CONTACT HOURS: 96 PERIOD: FALL II 2011 SCHEDULE: 2050 – 2120 pm SYLLABUS DATE: Oct 2011 1. COURSE DESCRIPTION This course provides the student with a clear understanding of decision-making processes involved in product development with emphasis on creating successful new products. The course covers the major types and processes of product development from searching for a competitive idea through creating, launching, monitoring, and adjusting new products. The course emphasizes the customeroriented marketing perspective. Concepts, theories, and techniques are applied to case studies about successful innovations and to individual student projects to help each student learn to use product development principles. Regular class discussions and project presentations emphasize creative thinking, problem solving, listening critically, communicating persuasively, and using analytical tools to improve product development decisions and processes. 2. JUSTIFICATION This course provides the students with essential training and knowledge in the New Product Development component of marketing. New Product Development (NPD) represents an opportunity to create competitive differentiation, reach new markets, and grow revenues. 3. OBJECTIVES a. GENERAL This course is designed for the marketing major or minor that teaches and reinforces continuous and collaborative team work, communication and fundamental market/NPD analysis. b. SPECIFIC At the completion of this course, successful students will have the basic understanding and knowledge to: -Identify and use theoretical process to construct a commercial product; -Construct a product using business and design specifications; -Use concepts and tools to create a sustainable product; -Increase understanding and use of analytical skills; -Use the Synectic process to solve comprehensive problems 4. COMPETENCIES This course will allow the student to use fundamental problem-solving techniques in order to understand and identify product development and associated marketing issues; make appropriate decisions based on the information given and allow for recognition of organizational structure, policy, and international law to guide strategic thinking skills in order to become successful in the international marketplace. 5. COURSE CONTENT OUTLINE Class Meeting # Competencie s CONTENT Introduction to Product Design: The product lifecycle 1 Monday Oct 31 Introduction to Product Design: Relevance 2 Tuesday Nov 1 HOMEWORK (96 HRS.) Essential Mathematics, Money and Finance: Present Value Pgs 80-86 Service sellers: Pgs 1- 53 PERFORMANCE INDICATORS Discusses various topics within the scope of product design and market introduction Explains the relevance of theory to design application Responsibility for Product Quality Problems in Sequential Manufacturing: A Case Study From the Meat Industry (16 pgs) Wednesday Nov 2 (HOLIDAY) Thursday Nov 3 (HOLIDAY) 3 Monday Nov 7 4 Tuesday Nov 8 The student demonstrates Research and Design Attributes Introduction to Product Design: Role & Nature Introduction to Product Design: Scope & Application Design Morphology: Identification and Analysis of Need Design Morphology: Identification and Analysis of Need Essential Mathematics, Probability and Statistics Pgs 87-92 Essential Mathematics, Probability and Statistics Pgs 87-92: Measures of Central Tendency Essential Mathematics, Money and Finance: Present Value Pgs 80-86 Service sellers: Pgs 54-100 Issues in the Innovation Service Product Analyzes the process of research and development Demonstrates knowledge relating to the scope and application of R&D Compares and contrasts product design paradigms Compares and contrasts product design paradigms Process: A Managerial Perspective (13 pgs) 5 Wednesday Nov 9 6 Thursday Nov 10 7 Monday Nov 14 8 Tuesday Nov 15 9 Wednesday Nov 16 10 Thursday Nov 17 The student describes the process and steps to product design Design Morphology: Criteria of design and fundamentals Service sellers: 100131 Demonstrates knowledge related to design theory Design Morphology: Criteria of design and fundamentals Service sellers: 131151 Demonstrates knowledge related to design theory Utility and Synectics: Utility Concept A Framework for understanding new product alliance success (19 pgs) Inventions and Innovations: Does stage of development matter in assessments of market attractiveness? (10 pgs) Explains microeconomic utility: Concepts and Definitions Utility and Synectics: Utility Concept Determinants of New Product Development Success; (Developing & Proposing a Conceptual Model) (8 pgs) Explains microeconomic utility: Concepts and Definitions Utility and Synectics: Utility Concept Service sellers: 151-211 Utility and Synectics: Utility Value Effect of Internal and External Mandate on Fast Food NP Process in Pakistan Industry. A Study of New Product Process of Fast Food Industry in Pakistan (11 Explains microeconomic utility: Concepts and Definitions Explains microeconomic utility: Assigning value Utility and Synectics: Utility Index 11 Monday Nov 21 12 Tuesday Nov 22 The student analyzes decisionmaking models Utility and Synectics: Decision-Making Models 13 Wednesday Nov 23 Mid Term Examination Theory 14 Thursday Nov 24 Mid Term Examination Application 15 Monday Nov 28 16 Tuesday Nov 29 17 Wednesday Nov 30 18 Thursday Dec 1 The student develops a design model which identifies consumer product gaps pgs) TBA Strategic, Organizational, and Operational Challenges of Product Innovations in China (7 pgs) Explains microeconomic utility: Index Identifies the appropriate R & D decisionmaking model Demonstrates knowledge related to international market dynamics: Theory Demonstrates knowledge related to international market dynamics: Application Constructs a design based on technology-based software Reliability and Testing: Anthropometric data and its importance in design. Applications of Computers in product design Essential Mathematics, Numerical Tables, Pgs 94105 Reliability and Testing: Anthropometric data and its importance in design. Applications of Computers in product design Reliability and Testing: Anthropometric data and its importance in design. Applications of Computers in product design Essential Mathematics, Numerical Tables, Pgs 94105 Constructs a design based on technology-based software Essential Mathematics, Algebra of the Nest Egg, Pgs 135-151 Constructs a design based on technology-based software Reliability and Testing: Consumer Focus More similar than different: A study of cooperative product innovation with multiple external stakeholders (28 pgs) Assesses a profitable product offering 19 Monday Dec 5 20 Tuesday Dec 6 21 Wednesday Dec 7 The student explains the function and use of product testing 22 Thursday Dec 8 23 Monday Dec 12 The student explains the function and use of statistical analysis in product R & D Reliability and Testing: Consumer Focus, Domestic and International A Study of Strategic Orientations, Pakistani Brands and Implications (10 pgs) Innovation and R & D in Emerging Russian Multinationals (25 pgs) Assesses a profitable product offering Reliability and Testing: Revenue and Margins Pioneer orientation and new product performance of the firm: Internal contingency factors (24 pgs) Consumers’ Evaluation of Brand Extensions: An Application of Multiple-Group Causal Models in Assessing Cross Product Category Measurement Equivalence (23 pgs) Calculates profit and loss through asynchronous market research and reporting Reliability and Testing: Application of Technology in Design Product or Customer centered Organizations and Leadership Styles (16 pgs) New Product Development Processes A Case Study of Apple’s Success with iconic iPod and iPhone (12 pgs) Calculates product failure risk and determines ways to minimize it Evaluation, Product Disposition and Market Share: Formative Evaluation Technique The Impact of Internal Communication and Collaboration between Operations and Marketing Formulates and identifies profitable market conditions for product introduction Reliability and Testing: Revenue and Margins Calculates profit and loss through asynchronous market reporting on New Service Development (15 pgs) 24 Tuesday Dec 13 25 Wednesday Dec 14 26 Thursday Dec 15 27 Monday Dec 19 28 Tuesday Dec 20 29 Wednesday Dec 21 30 Thursday Dec 22 The student defines the specific elements of a successful product offering Evaluation, Product Disposition and Market Share: Formative Evaluation Technique TBA Evaluation, Product Disposition and Market Share: An Investigation into the Adoption of Target Costing on Brazilian Public Social Housing Projects (15 pgs) Evaluation, Product Disposition and Market Share: TBA Demonstrates evaluation of product offering using evaluation technique Evaluation, Product Disposition and Market Share: Towards a Lean Perspective in Product Development: A Case Study of a Global Company in Sweden (16 pgs) Demonstrates evaluation of product offering using evaluation technique Comprehensive Concept Review Review of Notes and Literature Demonstrates knowledge related to successful market research Demonstrates knowledge related to successful market research, design and introduction into the product life cycle Demonstrates knowledge related to successful Final Examination Student Conferences Final Examination Student Conferences Formulates and identifies profitable market conditions for product introduction Explains the unique characteristics of the consumer and new product offerings market research, design and introduction into the product life cycle 6. METHODOLOGY This is a lecture-based course that will require continuous student attendance. Student knowledge and competencies will be evaluated through daily class participation, question-and-answer sessions and examination through authentic assessment i.e., demonstrating what has been learned. Note that students may complete make-up work by reading original research through various make-up activities. Students are highly encouraged to maintain a consistent presence during all scheduled class times. ***This course includes a quantitative research component, qualitative analysis and statistical approach to NPD. A strong background in fundamental business math and statistical analysis is desirable *** The following items are REQUIRED for this course: -laptop with internet access and Microsoft Excel -scientific or financial calculator -#2 soft-lead pencils, erasers and graphing paper -knowledge of mini-tab, SPSS or other statistical analytic is desirable 7. EVALUATION The student will be assessed through daily participation and evaluation by written work and testing. By the conclusion of this class the student will be able to recognize and identify key objectives and will be able to fundamentally apply what was learned based upon the information given in this bimester of instruction. 7.1 Assessment Criteria Completion and knowledge of the assigned course readings and In-class examinations, Consistent and correct use of electronic media INCLUDING eMAIL, Completion of assigned homework in a timely manner Classroom participation is subjectively scored and averaged with your homework. 7.2 Performance Markers -relates R & D theory to application; -solves simple to complex issues regarding design; -recognizes the value of time -works effectively and efficiently in a team setting 7.3 Weighting Unit Quizzes & Exams Unit Homework 50% 50% 8. BIBLIOGRAPHY 8.1 REQUIRED MAIN TEXTBOOK(s): Evoy, K. (ND). Service sellers master course. Sitesell. Sparks, J (2006). The handbook of essential mathematics. U.S. Air Force: Air Force Research Laboratory, United States of America. 8.2 COMPLEMENTARY TBA 8.3 HANDOUTS: Issues in the Innovation Service Product Process: A Managerial Perspective (13 pgs) Responsibility for Product Quality Problems in Sequential Manufacturing: A Case Study From the Meat Industry (16 pgs) More similar than different: A study of cooperative product innovation with multiple external stakeholders (28 pgs) A Framework for understanding new product alliance success (19 pgs) Inventions and Innovations: Does stage of development matter in assessments of market attractiveness? (10 pgs) A Study of Strategic Orientations, Pakistani Brands and Implications (10 pgs) Innovation and R & D in Emerging Russian Multinationals (25 pgs) The Impact of Internal Communication and Collaboration between Operations and Marketing on New Service Development (15 pgs) Product or Customer centered Organizations and Leadership Styles (16 pgs) New Product Development Processes A Case Study of Apple's Success with iconic iPod and iPhone (12 pgs) Effect of Internal and External Mandate on Fast Food NP Process in Pakistan Industry. A Study of New Product Process of Fast Food Industry in Pakistan (11 pgs) Determinants of New Product Development Success; (Developing & Proposing a Conceptual Model) (8 pgs) An Investigation into the Adoption of Target Costing on Brazilian Public Social Housing Projects (15 pgs) Consumers' Evaluation of Brand Extensions: An Application of Multiple-Group Causal Models in Assessing Cross Product Category Measurement Equivalence (23 pgs) Strategic, Organizational, and Operational Challenges of Product Innovations in China (7 pgs) Development and testing of new upper-limb prosthetic devices: Research designs for usability testing (10 pgs) Pioneer orientation and new product performance of the firm: Internal contingency factors (24 pgs) Towards a Lean Perspective in Product Development: A Case Study of a Global Company in Sweden (16 pgs) 8.4 WEBLIOGRAPHY: ProQuest Database at: http://proquest.umi.com/pqdweb?RQT=301&UserId=IPAuto&Passwd=IPAut o&AUID=443421 EBSCO Database at: http://search.ebscohost.com/ 9. FACULTY INFORMATION NAME: James W. Keeley, PhD drjwkeeley@yahoo.com jkeeley@uees.edu.ec ACADEMIC CREDENTIALS: B.A.A.S Bachelors of Arts and Sciences GRADUATE: M.Ed. Master of Education HIED Administration M.B.A. Master of Business Administration in Management Ph.D. Doctor of Philosophy in Educational Management Prepared by: James W. Keeley, PhD Date: October 10, 2011 Reviewed by: Dean Monica Reynoso Date: October, 2011