Innovation Strategy: Proof of concept Concept evolution Evalutate and define market Identify risks Develop value proposition Technical business plan IP Review and Assesment Competitve positioning Resources Assesment Project Concept Presentation: Product concept renderings CAD drawing or feature call outs Product interface simulation Mechanical models Project Design & Development: System software design System hardware design (electronic & mechanical) UL, FDA and other regulatory approvals Construct engineering prototypes Engineering documentation Project Management: Identify project requirements Select project management team Identify, design & manufacturing strategies Develop detailed plan/schedule Develop detailed product specifications Set project milestones Develop project budgets Evaluate project goal attainment Project Manufacturing: Specify manufacturing processes Prepare manufacturing drawings & documents Draw up bill of materials Approve suppliers Specify manufacturing test procedures Design manufacturing test fixtures Set quality assurance & control procedures Design production tooling Sales Support: Educate sales staff Develop operations manuals, promotional and technical literature Long Term Project Manufacturing: Assess changing market needs Plan future product releases Market-driven product refinements Evaluate consumer feedback Second-sourcing Product software upgrades Assess life of tooling and fixtures Ongoing quality assurance

Twenty Toughest Questi... Three Forms of Strateg... Competitive Strategy a...