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The New Product Development

In: Innovation and Product Management

Author

Listed:
  • Kurt Gaubinger

    (Upper Austria University of Applied Sciences)

  • Michael Rabl

    (Upper Austria University of Applied Sciences)

  • Scott Swan

    (The College of William & Mary)

  • Thomas Werani

    (Johannes Kepler University Linz)

Abstract

This chapter deals with processes in the development of new products. In practice, there is a range of established New Product Development (NPD) processes that are often divided into two groups: innovation and new product development. Innovation processes begin with the phase of idea generation and ends in the successful market introduction of the product. In contrast, new product development processes solely serve the purpose of structuring the processes of a product development activity. In this chapter different structures and implementation approaches for development processes derived from the so-called V-Model are discussed along with various tools and methods. Subsequently, simultaneous engineering and its principles are introduced. Finally, virtual and rapid prototyping as methods in today’s NPD process are explained.

Suggested Citation

  • Kurt Gaubinger & Michael Rabl & Scott Swan & Thomas Werani, 2015. "The New Product Development," Springer Texts in Business and Economics, in: Innovation and Product Management, edition 127, chapter 8, pages 175-206, Springer.
  • Handle: RePEc:spr:sptchp:978-3-642-54376-0_8
    DOI: 10.1007/978-3-642-54376-0_8
    as

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