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Value Driven Product Planning and Systems Engineering

Value Driven Product Planning and Systems Engineering

Paperback

Technology & Engineering

ISBN10: 1849966885
ISBN13: 9781849966887
Publisher: Springer Nature
Published: Oct 13 2010
Pages: 213
Weight: 0.73
Height: 0.49 Width: 6.14 Depth: 9.21
Language: English

Engineers and scientists often need to sell an innovative idea for a new product or a new product improvement to top management. Sometimes their tendency is to focus on the WOW! of the new technology at the expense of making a convincing business case. When the new technology represents a large cost reduction, there will be much less of a problem in convincing management to approve the project if the investment level is acceptable. The major rub comes when the new feature or technology is an improvement in customer value that also generates an increase in cost. This makes the sell difficult in spite of the fact that many of the inventive products available today are widely used because they provide very high value in relation to their added cost.

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Technology & Engineering