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Managing new product development and innovation. A microeconomic toolbox

: Grupp, H.; Maital, S.; Frenkel, A.; Koschatzky, K.

Cheltenham: Elgar, 2001, 356 pp.
New horizons in the economics of innovation
ISBN: 1-84064-571-7
Fraunhofer ISI ()
Innovation; Innovationsmanagement; Theorie; Schätzung; Produktivität; Unternehmenswachstum

Managing New Product Development and Innovation provides a new approach to the micro economics of innovation by measuring the technical quality of new products and guiding the managers of innovation and technology in the central considerations of today's knowledge-based companies. The volume features a selection of practical micro economic tools for managing new product development and innovation. By quantifying product features and evaluating the costs and market value of improving each, a simple yet powerful conceptual framework, creative business models can be built, along with innovative products, services and processes that achieve market place success. The authors address five key questions facing managers of knowledge-based companies: - Which new features should be added to existing products? -Which radically new features should be innovated? - How can marketing and R&D be integrated? -How can the value of brand names be estimated and optimized? -How can the sophistication of product technology be measured both at a given point in time and between two points in time? This path-breaking volume will be essential reading for managers of innovation, and will be warmly welcomed by teachers and advanced students with an interest in innovation and industrial economics.