Question: Each response need to be supported by factual data (figures, tables, graphical representation, flow charts, Dictures. tinancia statements etc. based on the companv selected Explain
Each response need to be supported by factual data (figures, tables, graphical representation, flow charts,
Dictures. tinancia statements etc. based on the companv selected
Explain the following by taking a company industry of choice on Innovation and Design Thinking: 1. Stage-gate process - The time and cost of projects escalates with each stage, thus stage-gate processes only permit a project to proceed if all assessments indicate success - explain the importance of stage gate process as an effective tool for improving new product development process. 2. Explain in detail the importance of involving customers and suppliers to bring the right outcome - effectiveness and efficiency on NPD process/platform? 3. QFD - Quality Function Deployment that improves communication and coordination between engineering. marketing, and manufacturing role in enhancing innovation, R\&D and overall quality on NPD platform. 4. Measuring performance of NPD process can help company improve its innovation strategy and process -explain in detail with the company' s performance metrics (multiple measure)
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