TECHNOPRENEURSHIP

John Benedict B. Cardona

 PRODUCT CYCLE TIME

• it is the period it takes for a manufacturer to complete

development and production of a new or modified product.
 CONCURRENT DEVELOPMENT

• It decreases product development time and also the time to

market, leading to improved productivity and reduced
costs.
MODULARITY & PRODUCT PLATFORMS

• Modularity is the extent to which a product or an

organization is comprised of comparatively independent
but interrelated parts or components. On the other hand,
product platform is a general formula, design, or a
multipurpose product, upon which a line of products are
built from time to time.
 RIGHT PRODUCT FEATURES

• In the Value versus Complexity model you evaluate every opportunity based on

its business value and its relative complexity to implement.
• With weighted scoring you can use the Value versus Complexity model, but
layer in scoring to arrive at an objective result.
• This is an activity you can use with customers or stakeholders to prioritize a set
of potential features. The approach is simple but fun. List out potential features
and assign a “price” to each (based on a relative cost to develop it).
 PRODUCT DEVELOPMENT TOOLS

• System of defined steps and tasks such as strategy,

organization, concept generation, marketing plan creation,
evaluation, and commercialization of a new product.