BUS100 Strayer University Innovative Product Development Discussion

Business Finance

Innovative Product Development – There are constant innovations in product markets and products move through the Product Life Cycle. This week, we’ll review four new and innovative products and look at both the production function and the innovation function during the Product Life Cycle

PART 1

Plume
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Milo Sensor Wristband
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Robird
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Halo Sport
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Choose one of these new products developed recently and after reviewing the information on that product, answer the following questions

  1. What need is the new product trying to fill? Do you think it will meet that need?
  2. What type of innovation does the new product represent? (eco-friendly, frugal, sustaining, disruptive, or breakthrough)
  3. Of the manufacturing and production methods discussed this week (job production, batch production, flow production, mass customization, continuous production, or hybrid processes) which one would you recommend for the product you chose and why?