Essays on New Product Development

Key Concepts in Operations Management

To generate new products and services, the innovation process necessitates the deployment of necessary and suitable resources (Leseure, 2010). Management approaches and activities engaged in such a process are referred to as innovation management. In contrast to design, which involves the finished product, innovation entails the elicitation, selection, and incremental...

Words: 324

Pages: 2

request for proposal (RFP)

An application for proposals (RFP) is a document used by a firm or government for bidding of suppliers that are involved in a project, acquisition, manufacturing or service delivery (Bovée & Thill, 2016). RFP illustrates suppliers or suppliers' ability to meet the relevant project requirements. The first part of the...

Words: 338

Pages: 2

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