This third course in the product development specialization discusses the business side of product development. The course begins with an overview of marketing and pricing strategies, and how company’s price their products today. Learners are then introduced to the project’s financial business case, defining key financial metrics such as NPV, IRR and Payback Period. The course then shows how to make an effective presentation these to the executive office for funding. The course concludes with a discussion of sustainability and how to design innovative products for a circular economy. Throughout the course, the student is challenged to continue developing their own product idea, one they have followed throughout the specialization.
Product Innovation Management
Ce cours fait partie de Spécialisation Product Development for Technical Managers
Instructeur : Michael J. Readey, Ph.D.
Enseignant de premier plan
Inclus avec
Expérience recommandée
Ce que vous apprendrez
How to design a compelling marketing brochure.
How to create a spreadsheet of a financial business case.
How to construct a prototype of your product concept.
Compétences que vous acquerrez
- Catégorie : Marketing
- Catégorie : Minimum Viable Product (MVP)
- Catégorie : Business Case
- Catégorie : Pricing Strategies
- Catégorie : The Circular Economy
Détails à connaître
Ajouter à votre profil LinkedIn
3 quizzes
Découvrez comment les employés des entreprises prestigieuses maîtrisent des compétences recherchées
Élaborez votre expertise du sujet
- Apprenez de nouveaux concepts auprès d'experts du secteur
- Acquérez une compréhension de base d'un sujet ou d'un outil
- Développez des compétences professionnelles avec des projets pratiques
- Obtenez un certificat professionnel partageable
Obtenez un certificat professionnel
Ajoutez cette qualification à votre profil LinkedIn ou à votre CV
Partagez-le sur les réseaux sociaux et dans votre évaluation de performance
Il y a 5 modules dans ce cours
Module 1 begins with an overview of the course and how it works. It then introduces several principles of Marketing, including the 4 and 5 "P's" of marketing. The course then looks at pricing strategies and how companies establish price. Customers within a market buy for different reasons, and the idea of market adoption is introduced with segments such as Innovators, Early Majority, and the Laggards. The module concludes with students constructing a tri-fold marketing brochure suitable for a tradeshow event.
Inclus
9 vidéos5 lectures1 quiz1 évaluation par les pairs1 sujet de discussion
Module 2 introduces the process for creating a financial business case for a product development project. This involves estimating future sales, costs and then based on the resulting cash flows, the project's financial viability using financial metrics such as NPV, IRR and the Payback Period.
Inclus
9 vidéos1 quiz1 devoir de programmation
Module 3 shows the steps to prepare a product development presentation proposal suitable for presentation to upper management or investors.
Inclus
4 vidéos1 évaluation par les pairs
Module 4 introduces the concept of the Circular Economy, and how it differs from today's Linear Economy. The 3 Principles of the Circular Economy are described using examples of how they are applied. A more detailed view of the Circular Economy is presented using the Ellen MacArthur Foundation's Butterfly Diagram, highlighting the Technical and Biological Nutrient Cycles as foundational to circular product design.
Inclus
5 vidéos1 quiz1 évaluation par les pairs
Module 5 links product development to environmental and social sustainability. The module begins by providing an overview of the sustainability imperative, essentially arguing why we as product developers need to focus on more sustainable products and services. The concept of "The Anthropocene" is introduced, as a description of how human activities are now shaping the planet's natural processes. Sustainability is then defined in terms of environmental and social responsibility. The module concludes with an overview of sustainable products, beginning with a case study of a typical t-shirt.
Inclus
8 vidéos1 lecture
Instructeur
Enseignant de premier plan
Offert par
Recommandé si vous êtes intéressé(e) par Leadership and Management
University of Maryland, College Park
University of Colorado Boulder
University of Leeds
Advancing Women in Tech
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