Product development - Study guides, Class notes & Summaries

Chapter 8: Product I - Innovation and Strategies in New Product Development

Accidental Discovery New designs, ideas, and developments resulting from unexpected insight, which can be obtained either internal or external to the organization. Applications Development The iterative process through which software is designed and written to meet the needs and requirements of the user base or the process of enhancing or developing new products. As-Is-Map A version of a process map depicting how an existing process actually operates. This may differ substantially from...

Product I Innovation and New Product Development Guaranteed Success What is a marketer's task when it comes to new product development? ️First to create a better value than what's out there already and second, to convince customers that this is true What is the continuum for products and services? ️On the far left, there is pure good; on the far right, there is pure service; most market offerings are somewhere in middle, with characteristics of both How do marketers view produc...

New Product development (NPD) framework includes...1.) Process 2.) Strategy 3.) Portfolio What is product management?Ensuring OVER TIME that a product profitably meets customer needs by monitoring and modifying elements of the marketing mix *Its about cross-functional team work - Team work across functions - Product manager = mini GM Product manager is responsible for?Marketing, engineering, finance, sales, operations, regulatory, quality *Basically everything lo

What is a study of real-world software security initiatives organized so companies can measure their initiatives and understand how to evolve them over time?, - CORRECT ANSWER Building Security In Maturity Model (BSIMM) What is the analysis of computer software that is performed without executing programs? - CORRECT ANSWER Static analysis Which International Organization for Standardization (ISO) standard is the benchmark for information security today? - CORRECT ANSWER ...

Shopify Exam Questions and Answers 100% Pass Partner ecosystem - Answer- Partners further that goal by providing products and services to enhance the merchants' experience with Shopify. - Design and build products - Create brands - Set up stores (both ecommerce and retail) - Launch, manage, and scale businesses - Increase sales and revenue partner dashboard - Answer- provides partners a single interface to manage their Shopify clients and workflows. quick search - Answer- This search ...

All of the following are characteristics of a good objective EXCEPT? Select one: A. Profitable Correct B. Realistic C. Measurable D. Time specific E. Consistent - ACCURATE ANSWERA Coca Cola vending machines are found all over the world. The newest machines have an interactive screen that runs advertisements and allows users to obtain free photos of themselves and ringtones after they have bought a drink. Critics of these new vending machines are concerned that entertaining technology is...

LOMA 371 Exam Questions with Correct Answers Product development - Answer-The pricess companies use to create new products or modify existing products Technical design (product design) - Answer-The phase in the product development process in which a product's financial structure is created Risk appetite - Answer-The amount and type of risk that an organization is prepared to seek in the pursuit of profits or other strategic objectives First Mover Strategy - Answer-A company attempts t...

Innovation And Product Development Verified Guide What are some core concepts of NPD? ️Macro-segmentation, user value, and IPRs (Intellectual property rights) The innovation curve ️It is about the adaption and usage of a new product over time. At the start, we have a small group of users, you have to get over a certain number of users before the product can become a success, and then the amount of new user will go slowly down again. The curve describes how innovation works in ter...

Which practice in the Ship (A5) phase of the security development cycle verifies whether the product meets security mandates? - CORRECT ANSWER A5 policy compliance analysis Which post-release support activity defines the process to communicate, identify, and alleviate security threats? - CORRECT ANSWER PRSA1: External vulnerability disclosure response What are two core practice areas of the OWASP Security Assurance Maturity Model (OpenSAMM)? - CORRECT ANSWER Governance,...