UNIVERSIDAD DE ESPECIALIDADES ESPÍRITU SANTO FACULTAD DE ESTUDIOS INTERNACIONALES SYLLABUS ENGLISH VERSION FOR DAC 11 VER 12 03 09 COURSE: Product Development FACULTY: Troy N Salem # CONTACT HRS: 48 H YEAR: 2009 DAYS: Mon-Thurs ROOM #: G206 CODE: UMKT380 CREDITS: 3 NON CONTACT HOURS: 96 H PERIOD: Fall 2 SCHEDULE: 11:45 – 13:05 DATE: Oct, 2009 1. COURSE DESCRIPTION MKT 380, Product Development. This course exposes the student to the decision-making processes involved in product development with emphasis on creating successful new products. The major types and processes of product development methodology are presented from searching for a competitive idea through creating, launching, monitoring, and adjusting new products. 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. Where possible, classroom discussions will place special emphasis on developing and introducing new products to the local marketplace and, where appropriate, other markets. 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 To understand the methods and strategies involved in New Product Development. b. SPECIFIC To recognize the fundamental approaches utilized in new product development. To understand the challenges involved in following the critical path of new product development. 4. COMPETENCIES To understand and define the basic principles of strategy, idea generation, product design, prototyping and production. To assess market needs and potential demand for new products. To identify contemporary trends and influences which affect new product strategy. To understand the various manners in which the new product may manifest itself in today’s market. To determine the following factors that influence and limit product development: strategic planning, principles and elements of design, product performance/quality, intrinsic/extrinsic cues, and dimensions of apparel, food, and consumer goods. To analyze and critique new product case studies. To identify non-starters. To explain the process of planning and developing a line of goods. To understand the role of standards and specifications in product development. To execute a new product development plan: from idea generation to product delivery. 5. COURSE CONTENT OUTLINE SESSION Session 1 Wednes 28 October Session 2 Thursday 29 October Session 3 Monday 2 Nov SPECIFIC COMPETENCIES UNITS/CONTENTS NON-CONTACT HOURS (96 ASSESSMENT HRS.) Subject(s) to be covered Assignment & number of How assignment allotted hours- will be evaluated specify pages Introduction to Course and No Assigned EvaluatEvaluates course Concepts Reading material Study Marketing Definition of roles. Product. Concepts; how to pp. 5-27 (22 pgs) The student learns proceed; factors to Understands definitions about New Product consider; concept of Mktg Development and methodology; consumer the context of idea testing generation. Product attributes - what they are and their significance Session 4 Tuesday 3 Nov Concept testing The student approaches; sampling develops an methods; role or sensory understanding of evaluation; Preparation of how consumer input concept testing becomes innovation. documentation, Session 5 Wednes 4 Nov Quiz 1 Requirements for product development authorization. Development of product specifications. Study Marketing Discusses Product pp. 264-291 (27 product attribute pgs) Study NPSS pp. 1-16 (16 pgs). Discusses ideas of testing Study NPSS pp. 17-52; Assesses Starbuck’s (35 Comprehension of pgs). material Session 6 Thursday 5 Nov Session 7 Monday 9 Nov Session 8 Tuesday 10 Nov The student recognizes the strength of the power of the prototype, as well as its limitations. Session 9 Wednes 11 Nov Prototype development; role of ingredients and processing in defining attributes Study NPSS pp. 53-87; Cellular One; Ault; (34 pgs). Prototype development; role of ingredients and processing in defining attributes, part 2 Study MNP pp. 49, 54-61, 84-93 Discusses (16 pgs). Types of prototyping Review for Test 1 Study MNP pp. 104-141, 146; Discusses Paragliders And review concepts (38 pgs). Quiz 2 No Assigned Assesses Reading Comprehension of material Discusses Prototyping Session 10 The student reviews Process flow sheet Thursday the SWOT process. development; factors to 12 Nov consider in process development; process optimization; HACCP, PARS. Study MNP pp. 147-155; Gannett (8 pgs). Session 11 Monday 16 Nov Process flow sheet development; factors to consider in process development; process optimization; HACCP, PARS, part 2 Study MNP pp. 202-203 and NPSS pp. 127Discusses 161 Ford Flow sheet development Taurus; Canon; (36 pgs). Session 12 Tuesday 17 Nov Factors to consider beyond formulation and processing shelf life requirements; product performance testing; market positioning Study MNP pp. 160-191; Considers Broderbund; Factors for production Marriott; (31pgs). Session 13 Wednes 18 Nov Session 14 Thursday 19 Nov Session 15 The student creates Monday a critical path. 23 Nov Review for Mid-Term Review for MidTerm Mid-Term Examination No Assigned Demonstrates Knowledge Reading comprehension Factors to consider beyond formulation and processing shelf life requirements; product Study NPSS pp.Considers aspects of 163-192; physical placement Sunfish; Strollers (30 pgs). Discusses S.W.O.T analysis Discusses Material studied performance testing; market positioning, part 2 Session 16 Tuesday 24 Nov Integration of R&D; specifications; manufacturing and marketing developing test market strategies; how to run a plant trial. Session 17 Wednes 25 Nov Quiz 3 Case Study (10 Shelf-life requirements pgs). and factors affecting shelflife and product attributes; methods of assessment Session 18 The student Thursday identifies various 26 Nov extrinsic factors to the NPD process. Shelf-life requirements and factors affecting shelflife and product attributes; methods of assessment, part 2 Study NPSS pp. 89-125; SlimFast; Glaxo Zantac (36 pgs). Session 19 Monday 30 Nov Product Roll-out; Roadlocks to successful product development. No Assigned Reading Session 20 Tuesday 1 Dec Review for Test 3 NPSS pp. 267297; MTV; Fuji; Snapple (30 pgs). Session 21 Wednes 2 Dec Session 22 The student Thursday recognizes 3 Dec importance of first response to early feedback. Session 23 Monday 7 Dec Quiz 4 Study NPSS pp. Demonstrates 229-265 (36 pgs). comprehension Study NPSS pp. 299-318; (19 Recognizes importance pgs). 502 Total of early feedback pgs. Session 24 Tuesday 8 Dec Test safety of product and Current Issue characterize attributes. TBA Final consumer testing and evaluation of results, part 2 Session 25 Continue production and Product Roll-out; Roadlocks to successful product development, part 2 Study NPSS pp. 193-228; MCI; Lever (35 pgs). Discussion of R & D variables Demonstrates comprehension Identifies various Aspects of NPD Identifies various Stages of NPD Discusses Case Studies Test safety of product and Current Issue Discusses characterize attributes. TBA Product safety as design Final consumer testing and evaluation of results Current Issue Discusses Safety Testing Discussion Wednesda y 9 Dec evaluation of product. TBA Process prototype product and evaluate Contemporary NPD issues Session 26 The student Continue production and Case Study Thursday understands today’s evaluation of product. TBA 10 Dec production climate. Process prototype product and evaluate, part 2 Session 27 Monday 14 Dec Demonstrates knowledge through class presentation Final Project Presentations Session 28 Tuesday 15 Dec Review for Final Exam Session 29 Wednesda y 16 Dec Session 30 Thursday 17 Dec Final exam Discussion Contemporary NPD issues Case Study Demonstrates knowledge TBA through class presentation Discussion of Case No Assigned Studies Reading No Assigned Demonstates Reading comprehension of course content None Review Grades 6. METHODOLOGY Various methods of learning techniques will be used including lectures, open class discussion, presentations, case studies, and group activities. 7. EVALUATION The Completion and knowledge of the assigned course readings, Completion and presentation of group projects. Completion of investigative research projects. Four in-class examinations, Completion of assigned homework. Productive in-class participation 7.2 Performance Markers 1. Evaluates the marketing of products and services. 2. Recognizes conditions for new product introduction. 3. Selects an appropriate techniques of market evaluation. 4. Assesses the climate new product introduction. 5. Examines a real-life market case studies. 6. Understands the power of perception in marketing. 7. Constructs an new product launch.. 8. Demonstrates knowledge of promotional strategy and distribution demands. 9. Discusses pricing determinants. 10. Determines and formulates effective brand strategies. 11. Evaluates cost effectiveness and customer satisfaction through distribution ways and means. 12. Differentiates between sustainable and non sustainable strategies 13. Demonstrates knowledge of market segmentation. 14. Argues that culture influences sales and marketing strategy. 15. Demonstrates understanding of competitive forces. 7.3 Weighting Unit Quizzes Unit Exams Homework Participation 20% 50% 10% 20% 8. BIBLIOGRAPHY 8.1 REQUIRED: Kerin, Robert A, et al. (2002). Marketing, 7th Edition. New York: McGraw Hill Publishing. Kuczmarski, Thomas D. (2000). Managing New Products: Using MAP System to Accelerate Growth, Third Edition. Chicago: The Innovation Press. Thomas, Robert J. (1994). New Product Success Stories: Lessons from Leading Innovators. New York: John Wiley & Sons, Inc. 8.2 COMPLIMENTARY: None 8.3 WEBLIOGRAPHY: EBSCO DATABASE A large assortment of product development links can be found through: http://www.agmrc.org/agmrc/business/startingbusiness/productdevelopmentlinks.htm 8.3 HANDOUTS/READINGS: TBA 9. FACULTY INFORMATION NAME: Troy N Salem ACADEMIC CREDENTIALS-UNDERGRAD: B.A. Economics, San Diego State University, California GRADUATE: M.A. Latin American Studies/ Political Economy, San Diego State University, California CELTA: Southern Cross Training Centre E-mail: troys1205@yahoo.com 10. Prepared by: Troy N Salem Date: Oct, 2009 Reviewed by: Dean Monica Reynoso Date: October, 2009