Drawing Causal loop Diagram Exercise:

You are the lead Engineer for a company that develops products for the Marketplace.You consider product Innovation and Quality to be very high priorities but your.Management seems more interested in making a Profit (Revenue - Cost).You want to develop a model that demonstrates the impact of Innovation and Quality on Profit :Draw A causal Loop Diagram by considering the following:

*Your Innovation Process (Front-End and New Product Development) is straightforward: Ideas for new/enhanced features are generated internally and externally

*Ideas are filtered/selected through the Front-End Process and then developed into products through the New Product Development process

*Some products make it through the Innovation Process and go to Market

*Some products fail during the Innovation Process and are stopped (Internal Failures)

*Some products meet Customers expectations (based on Worth-what-paid-for)

*Some products fail to meet Customers expectations (External Failures)

*You manage your Innovation Process and are constantly making improvements to it (improvements are funded by corporate profits)