Different business analysis models:
·
Activity diagrams. ...
·
Feature mind maps. ...
·
Product roadmaps. ...
·
Organizational charts.
...
·
SWOT analysis
- SWOT = Strengths – Weaknesses – Opportunities – Threats
·
User interface
wireframe. ...
·
Process flow diagram.
...
·
PESTEL analysis.
New Product Development
Bringing a product/service from concept to market
Steps - Drafting the concept, creating the design, developing
the product or service, and defining the marketing
Four phases of product development
·
Fuzzy-Front-End (FFE)
o Determining the innovation goal
o Figuring out what your customers think about this goal
o Reviewing other market segments for possible connections or technology
to get ideas
o Prototyping your ideas
o Testing your ideas with your customer base
o Planning how to funnel these potential products into your product
development process
Deliverables of a FFE - A mission statement, The market trends, The customer
benefits and acceptance data, The technical concept, Product
definition and specifications, Economic analysis of the product, The
development schedule, Project staffing and the budget, A business
plan, An economic analysis
·
Design
o
Deliverables - high-level design processes and
detail-level requirements.
·
Implementation
·
Fuzzy Back-End (FBE) - commercialization
phase where production and product launch happen in a structured way
Categories of innovation
·
Breakthrough Products ( The product may
be new to the company or the world and may offer a huge improvement in
performance, a great reduction in cost, or a leap in technology)
·
Incremental Products (often reduce costs,
improve existing product lines, reposition existing products in new markets, or
are an addition to an existing platform)
·
Platform Products (set the basic
architecture for a next-generation product. They are larger in scope than incremental
products)
·
Disruptive Products (are those that offer
simple, low-cost solutions to your customers’ problems)
The Problem-Solving
Process
|
Step
|
Characteristics
|
|
1. Define the problem
|
· Differentiate fact from opinion
· Specify underlying causes
· Consult each faction involved for
information
· State the problem specifically
· Identify what standard or expectation is
violated
· Determine in which process the problem lies
· Avoid trying to solve the problem without
data
|
|
2. Generate
alternative solutions
|
· Postpone evaluating alternatives initially
· Include all involved individuals in the
generating of alternatives
· Specify alternatives consistent with
organizational goals
· Specify short- and long-term alternatives
· Brainstorm on others' ideas
· Seek alternatives that may solve the problem
|
|
3. Evaluate and
select an alternative
|
· Evaluate alternatives relative to a target
standard
· Evaluate all alternatives without bias
· Evaluate alternatives relative to
established goals
· Evaluate both proven and possible outcomes
· State the selected alternative explicitly
|
|
4. Implement and
follow up on the solution
|
· Plan and implement a pilot test of the
chosen alternative
· Gather feedback from all affected parties
· Seek acceptance or consensus by all those
affected
· Establish ongoing measures and monitoring
· Evaluate long-term results based on final
solution
|
Table of contents
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