Identify the Technological Risks of the New Product Development Process and Prioritize by the Analytical Network Process (ANP)
Journal Title: Roshd-e-Fanavari - Year 2018, Vol 14, Issue 53
Abstract
Nowadays, Organizational survival depends on the tendency toward new products and the use of new ways to create them. Developing new product is a process through which a new product or a service is offered to the customers. More precisely, the new product development process involves using resources and capabilities to create a new product or improve an existing product. Given the shorter life cycle of products and technology developments, new product development process in the growth, survival, and competitiveness of the utmost importance. There are several risks during new product development process; that in general, are divided into three major categories: technological risks, organizational risks, and marketing risks. According to studies, the technological risks are one of the most important risks. Perceived technological risk refers to a firm’s inability to completely understand or accurately predict some aspects of the technological environment as it relates to NPD projects. Hence identifying and reducing these risks helps to increase the success rate of the new product development process. In this research, by reviewing the literature on the areas of the new product development process, risk and risk management, 20 types of common technological risks in new product development process are extracted from the literature and using a number of experts from Malek Ashtar University of Isfahan who are specialized in this field, they are prioritized by the Analytical Network Process (ANP).
Authors and Affiliations
Abolfazl Mirza Ramezani, Seyed Mahdi Golestan Hashemi, Seyed Mohammad Masoud Naserian
Keywords
Related Articles
- EP ID EP392192
- DOI 10.7508/jstpi.2018.01.003
- Views 50
- Downloads 0
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