Develop a theoretical new product or service
Check your essay before you submit. See exactly what your professor sees.
See your AI and plagiarism results before your instructor does.Get the exact same report your professor uses. Trusted by 50,000+ students worldwide.
Part 1
Use the Stage-Gate model (Links to an external site.) to develop a theoretical new product or service. Some of your businesses might be service based, so you may have to be creative in thinking about a new project. If you have any problems thinking of a product or service idea, please let me know and I’ll help you think of one. Here is another resource on the model. Preview the documentWhile you will not actually be creating a new product, you can still detail the requirements for each stage as well as the metrics you will use to make a decision to continue to the next stage or stop the project. Since this is a theoretical exercise, you can make assumptions while completing each phase.
In short, the Stage-Gate model has the following six phases:
Stage 0: Discover. In this phase, you think of a new product or service idea.
Stage 1: Scoping. This is where you evaluate the idea on its viability and marketability. A SWOT analysis is often used for this phase.
Stage 2: Building a Business Case. Further define the product, the manufacturing requirements, a project plan, and estimated revenues.
Stage 3: Development. A prototype or prototypes are developed.
Stage 4: Testing and Validation. The prototype is tested. If there is a problem, the team goes back to the development stage. If it works, the product can be prepared for Stage 5.
Stage 5: Launch. A marketing strategy is developed and the product is made available to customers.
How about a real-world example? Here’s a Stage-Gate approach from the Centers for Disease Control (Links to an external site.). Note how much more complex it is compared to the version we use in this course. It is included here just so you can get an idea of how much this model can expand and be used not only for product development but also project management. IT may also give you ideas of items to include in your Stage-Gate assignment.
Part 2
Create a 5 slide presentation that outlines the different kinds of innovations described in the supplemental reading (product, process, and business model). You can supplement your description using chapter 9 from the Entrepreneurship e-book. On the fourth slide, provide a real-world example of each innovation type. On the fifth slide, describe how market research can be integrated in the Stage-Gate model.
Rubric
Module 4: Product InnovationModule 4: Product InnovationCriteriaRatingsPtsThis criterion is linked to a Learning OutcomePart 1: Complete Stage Gate Exercise20.0 ptsFull Marks0.0 ptsNo Marks20.0 pts
This criterion is linked to a Learning OutcomePart 2: Create a 5 slide presentation10.0 ptsFull Marks0.0 ptsNo Marks10.0 pts
Total Points: 30.0PreviousNext
Essay writing help – Develop a theoretical new product or service Online Essay Writing Agency – EssayGuru Pro.
DO MY HOMEWORK NOW!Write my Essay. Premium essay writing services is the ideal place for homework help or essay writing service. if you are looking for affordable, high quality & non-plagiarized papers, click on the button below to place your order. Provide us with the instructions and one of our writers will deliver a unique, no plagiarism, and professional paper.
Get help with your toughest assignments and get them solved by a Reliable Custom Papers Writing Company. Save time, money and get quality papers. Buying an excellent plagiarism-free paper is a piece of cake!
All our papers are written from scratch. We can cover any assignment/essay in your field of study.
