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sir last time i gave my assignment here but i got low grades 6.1/10 but this time please do it better i wishu would thanks

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MBA 603 SPRING 2021: ASSIGNMENT SIX

Assignment Six comprises five questions about concept generation and concept evaluation and should be specifically applied to the class project.Refer to the class Powerpoint Slides, Chapter Five, and Chapter Six, then individually complete this worksheet by answering the below five questions. Each question is worth two points for a total of 10 points.

Please pdf this assignment sheet and upload to Blackboard by the beginning of class on Monday, March 22.

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1. Questionstorm for five minutes about your team’s selected technology. List five of the more “interesting” questions that you generate. Pick one of these five questions and conduct some library/web research to provide an answer in 50 words or less.

Five Interesting Questions(Keep each question under 25 words)
One question to be answered
Answer (50 words or less)

2. Develop a judgmental “product” positioning map that illustrates your team’s technology relative to three potential competing products/technologies. Based on this map, list one competitive advantages of your team’s technology.

INSERT YOUR POSITIONING MAP HERE

Competitive Advantage(no more than 25 words)

3. Set up a Morphological Analysis based on 4 dimensions applicable to your team’s technology. Below list the 4 dimensions, identify how many ideas are possible, and then suggest four good ideas based on this Morphological Analysis. Keep all answers to 10 words or less.

List the Four Dimensions Comprising Your Morphological Analysis
How many ideas are possible?
Idea One(no more than 10 words)
Idea Two(no more than 10 words)
Idea Three(no more than 10 words)
Idea Four(no more than 10 words)

4. Spend five minutes applying the animal customer technique. Specifically, address how DOGS would use your selected technology. After generating solutions for DOGS, flip these solutions to see if they can address human customers. List the two most viable ideas in the below table.

For Dogs(no more than 10 words per idea)For Humans(no more than 10 words per idea)
Idea One
Idea Two

5. Set up a Scoring Model that comprises four criteria for evaluating your team’s ideas. Include the scale on which each of the criteria should be evaluated. Keep each criterion to no more than 10 words.

SCORING MODELName/Specific Criterion(no more than 10 words)Scale to be Used(be concise)
Criterion One
Criterion Two
Criterion Three
Criterion Four

HONOR CODE PLEDGE: By submitting this assignment, you acknowledge that you neither knowingly gave nor received any inappropriate assistance in academic work, thus affirming your personal commitment to honor and academic integrity.

©2021 Kenneth B. Kahn, Ph.D.

© Kenneth B. Kahn 2021

MBA 603: Spring Semester 2021 MANAGEMENT OF INNOVATION

AND TECHNOLOGY

Kenneth B. Kahn, Ph.D. k.b.kahn@csuohio.edu

March 15, 2021mailto:k.b.kahn@csuohio.edu

© Kenneth B. Kahn 2021

Debrief from Last Week

Market (Need)

Technology (Solution)

Segmentation • Demographic • Geographic • Psychographic • Benefit • Usage

Positioning • Attribute • Benefit • Use of application • User • Competitor • Product Category • Quality or Price

© Kenneth B. Kahn 2021

Product Innovation Charter

BACKGROUND – rationale for the strategy, rationale for the opportunities

ARENA – area of focus: (1) technology, (2) Market – customer and/or

end-use, (3) Combination

GOALS, OBJECTIVES – profit, growth, and market status

SPECIAL GUIDELINES – special points to be made:

Innovativeness: (a) first-to-market by (1) state-of-the-art

breakthrough, (2) leverage creativity – technology in a new way,

(3) applications engineering – technology not new but use is; (b)

adaptation or second but best; (c) imitation or emulation

Timing: quick entry, slower entry, late entry

Miscellaneous

© Kenneth B. Kahn 2021

Innovation Charter Example Background Arena Goals/Objectives Special Guidelines

children can injure themselves with regular household staples

plastic staples are less expensive

company has a core competency in stapler manufacturing

want a 20% return on investment within two years

staples should be made of recyclable plastic materials

Children can very easily injure themselves using typical household staplers with

metal staples. It is proposed that a new stapler using plastic staples, which are

potentially less expensive, be developed. To accomplish this new product, we want

to rely on or core competency as a leader in stapler manufacturing.

A 20% return on investment is expected within two years after launch of the product.

Particular attention should be paid to plastic staples made of recyclable plastics.

© Kenneth B. Kahn 2021

Tonight’s Agenda

➢ What Is a Product (Service)?

➢ Concept Generation

➢ Different Ways of Thinking

➢ Concept Evaluation

© Kenneth B. Kahn 2021

What is a product?

© Kenneth B. Kahn 2021

Product from the Market Perspective

Core

Benefit

Generic Product

Expected Product

Augmented Product

Potential Product

© Kenneth B. Kahn 2021

Product from the Company Perspective

Product Item: a specific model, brand, or size of a product that a company offers

Product Lines: a group of closely related product items

Product Mix: all the different product lines a firm offers

Width = the number of different product lines

Depth = the number of product items within each line

Consistency = commonality among lines

© Kenneth B. Kahn 2021

Product from the Technology Perspective

Inventions

Innovations

[Devices Versus Products]

© Kenneth B. Kahn 2021

The Product Concept

© Kenneth B. Kahn 2021

Product Concept Elements

• Form

• Technology

• Benefit

© Kenneth B. Kahn 2021

Coming Up with the Product Concept: Concept Generation

© Kenneth B. Kahn 2021

Concept Generation Techniques

• Attribute Analysis

• Group Creativity

• Needs Assessment

• Relationship Analysis

• Scenario Analysis

• Lateral Search

© Kenneth B. Kahn 2021

Attribute Analysis

• Judgmental Map

• Determinant Gap (Attribute Rating)

• Perceptual Gap (Overall Similarity)

© Kenneth B. Kahn 2021

Group Creativity

• Brainstorming SCAMPER – Substitute – Combine – Adapt – Modify – Put to another use – Eliminate – Reverse

• Questionstorming

© Kenneth B. Kahn 2021

Needs Assessment Techniques

• Routine Market Contacts

• Problem Analysis – Focus Groups – Expert Opinion – Published sources – Household / industrial panel – User panel/advisory board – User observation – Role playing

• Potential Idea Sources: Trade Journals, Competitor Products, Current Customers and Suppliers, Magazine Articles, Employee Ideas, Patent Files, Outside Industry Experts and Technical Faculty, Customer Complaints

© Kenneth B. Kahn 2021

Relationship Analysis

• Two-Dimensional Matrix

• Morphological Analysis

© Kenneth B. Kahn 2021

Two-Dimensional Matrix

Auto Insurance

Life Insurance

Health Insurance

Travel Insurance

Renter’s Insurance

Home Insurance

Single 1 2 3 4 5 6 Young Couples with No Children

7 8 9 10 11 12

Families with Children Under 18

13 14 15 16 17 18

Families with Children 18 to 28

19 20 21 22 23 24

Empty Nesters

25 26 27 28 29 30

© Kenneth B. Kahn 2021

Morphological Analysis

Chocolate Nuts Fruit Size Wrapping

Dark Almonds Blueberries 2 ounces Gold Foil

Milk Brazilian Nuts Cranberries 4 ounces Silver Foil

White Peanuts Raisins 6 ounces Waxed Paper

No Nuts No Fruit

3 x 4 x 4 x 3 x 3 = 432 Ideas

© Kenneth B. Kahn 2021

Scenario Analysis

• Extend

• Leap

© Kenneth B. Kahn 2021

Lateral Search

• Analogies and Metaphors

• Animal Customers

• Big Winner

• Creative Stimuli

• Famous Person

• Swap or Drop

• Travel Poster

© Kenneth B. Kahn 2021

Analogies and Metaphors

Eraser is to a pencil as ___ is/are to a food-delivery service.

Sharpening a pencil is like a 10-mile hike.

© Kenneth B. Kahn 2021

Linear versus Lateral Thinking

Linear Thinking Lateral Thinking

Use logic Use imagination

Facts to an answer Question to ideas

Convergent Thinking Divergent Thinking

© Kenneth B. Kahn 2021

Convergent versus Divergent Thinking

Distill Expand

© Kenneth B. Kahn 2021

Concept Evaluation

© Kenneth B. Kahn 2021

NPD Testing/Evaluation

Development Activity Evaluation Task Evaluation Techniques

Strategic Planning Direction: Where should we look?

Opportunity Identification, Market descriptions

Concept Generation Initial Review: Is the idea worth screening?

Product Innovation Charter, Experience and Judgment, Preliminary Market Analyses, Concept Testing

Pretechnical Evaluation Full Screen: Should we try to develop it?

Checklists, Scoring Models

Technical Development Progress Reports: Have we developed it? If not, should we continue to try?

Protocol checks, Prototype Tests, Product Use Tests

Commercialization Market Testing: Should we market it? If so, how?

Pseudo Sale, Controlled Sales, Rollout

Post-Mortem Review

© Kenneth B. Kahn 2021

Concept Evaluation

• Product Innovation Charter

• Concept Testing

• Scoring Models

• Snake Plots

• Financial Analysis

© Kenneth B. Kahn 2021

Scoring Models

PRODUCT CONCEPTS

A B C D

Selection

Criteria Weight Rating

Weighted

Score Rating

Weighted

Score Rating

Weighted

Score Rating

Weighted

Score

Ease of

handling

5% 3 0.15 3 0.15 4 0.20 4 0.20

Ease of Use 15% 3 0.45 4 0.60 4 0.60 3 0.45

Readility of

Settings

10% 3 0.30 3 0.30 5 0.50 5 0.50

Accuracy 25% 3 0.75 3 0.75 2 0.50 3 0.75

Durability 15% 3 0.45 5 0.75 4 0.60 3 0.45

Ease of

manufacturing

20% 3 0.60 3 0.60 2 0.40 2 0.40

Portability 10% 3 0.30 3 0.30 3 0.30 3 0.30

Total Score 3.00 3.45 3.10 3.05

Rank 4 1 2 3

Continue No Yes No No

© Kenneth B. Kahn 2021

Snake Plots

0

1

2

3

4

5

Handling Use Readibility Accuracy Durability Mfg Portability

A

B

C

D

© Kenneth B. Kahn 2021

Assumptions-Based Modeling

Potential Market

Available Market

Qualified Available Market

Target Market

Penetrated Target Market

© Kenneth B. Kahn 2021

Wrap-Up

• There are different types of concept generation and concept generation techniques.

• There are different ways of thinking.

• Concept generation can be fun, but real application and problem-solving are essential.

• Be mindful of what is the problem and the objectives to be achieved.

© Kenneth B. Kahn 2021

❑ Assignment Six Due March 22 by 6:00p

❑ Read I&NPP Chapter 7 and Chapter 8

To Do’s

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