New Product Innovation, Development, and Implementation Strategies

University of Chicago Booth School of Business

Program Description

New Product Innovation, Development, and Implementation Strategies

University of Chicago Booth School of Business

This unique program will provide you with the frameworks, tools, techniques, and perspectives that will help you to more effectively develop and market new products. The course provides comprehensive coverage of major topics in developing and implementing a market-driven approach to innovation. Incorporating cutting-edge thinking and best practices in new product development, this program will help you to both create and modify your organization’s new product development process and position your firm to gain a strategic competitive advantage. It covers a wide spectrum of industries including business-to-business, consumer products, and services.


Topics cover four broad areas:


The strategic role of new products in your organization

Reviewing best practices in new product development across various industries

Incorporating best practices and cutting-edge frameworks to develop a market-driven new product development process

Implementing the new product development process


During this program, you will learn:


-- How to conduct a new product diagnostic audit and develop a new product strategy.

-- Best practices in new product development that separate the "best" firms from the "rest" in different industries.

-- How to develop a new product development process that incorporates the best practices and is based on cutting-edge frameworks and approaches.

-- How to adapt the new product development process for: different types of projects - lower risk short-term versus breakthrough projects, in-house versus outsourced projects, platform projects, different strategic decision situations: speed to market versus extensive development, proactive versus reactive strategies,building flexibility into the process.


-- How to implement the new product development process.

-- How to create new market space by identifying a new value curve that better meets customer needs.

-- How to identify new product opportunities using both "resource based" and "market based" approaches.

-- How to uncover "breakthrough" consumer needs and develop and test new product concepts that serve those needs.

-- How to create a value proposition for your new product and develop a positioning strategy.

-- How to use latest tools and techniques that will help you to design new product offerings that deliver customer value through differentiating benefits.

-- How to develop sales forecasts for your new products and services.

-- How to develop a launch plan.

-- How to build successful cross-functional teams for effective new product development.

-- Cutting-edge techniques and latest frameworks for effective new product development.



Who Should Attend


This course is appropriate for mid- to upper-level managers in any area involved in the development and management of new products. This may include functional areas such as new product development, marketing, research and development, business development, general management, design, engineering, operations, sales, strategy, and finance, as well as members of cross-functional new product development teams.

Representative titles include vice president or director of marketing, new product manager, product or brand manager, business development manager, strategic planner, designer, engineer, market analyst, and vice president or director of sales.

Topics Outline


New Product Development and Strategic Marketing

Strategic Role of New Products in Organizations

Developing a New Products System

Developing a New Products Strategy

New Product Development Best Practices

Identifying "Breakthrough" Customer Needs

Concept Screening

Product Development Using Consumer-based Methods

Implementing the New Product Process

Sales Forecasting: Methods for New Product Development

Developing a New Product Marketing Launch Plan

Course Summary and Wrap-Up



Last updated January 19, 2018
Duration & Price
This course is Campus based
Start Date
Start date
Aug. 2018
Sept. 2018
Duration
Duration
5 days
Part time
Price
Price
7,450 USD
Information
Deadline
Locations
Spain - Madrid, Community of Madrid
Start date : Sept. 2018
Application deadline Request Info
End date Request Info
USA - Chicago, Illinois
Start date : Sept. 2018
Application deadline Request Info
End date Request Info
Start date : Sept. 2018
Application deadline Request Info
End date Request Info
Start date : Sept. 2018
Application deadline Request Info
End date Request Info
USA - Philadelphia, Pennsylvania
Start date : Sept. 2018
Application deadline Request Info
End date Request Info
United Kingdom - London, England
Start date : Aug. 2018
Application deadline Request Info
End date Request Info
Dates
Aug. 2018
United Kingdom - London, England
Application deadline Request Info
End date Request Info
Sept. 2018
USA - Chicago, Illinois
Application deadline Request Info
End date Request Info
Application deadline Request Info
End date Request Info
Application deadline Request Info
End date Request Info
USA - Philadelphia, Pennsylvania
Application deadline Request Info
End date Request Info
Spain - Madrid, Community of Madrid
Application deadline Request Info
End date Request Info