A simulation-based approach for assessing the innovation barriers in the manufacturing firms

Castaneda, Monica; Herrera, Milton M.; Méndez-Morales, Alberto

doi:10.1016/j.techsoc.2023.102391

Cited by 1 publication

(2 citation statements)

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“…The creation of innovative product development scenarios becomes important due to the identification and overcoming of existing barriers related to innovation development. Based on Castaneda et al (2023), one of the most critical challenges organisations face to innovate is dealing with different types of barriers, such as demand uncertainty, product imitation, lack of employees, scarcity of government funding, and absence of internal and external financing. Anticipating future customer needs under uncertainty to elicit robust top-level design requirements is the motivation for using future scenarios (Randt, 2015).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

“…This process is shown in Figure 2. Based on the literature analysis (Hassan et al, 2012;Mazzei et al, 2016;Hallstedt, 2017;Sivam et al, 2019;Rezk et al, 2019;Wang et al, 2021;Ma et al, 2021;Walheiser et al 2021;Avagyan et al, 2022;Zamborský et al, 2023;Giménez-Medina et al, 2023;Castaneda et al, 2023), it was established that many authors agree that the development of an innovative product begins with the determination of market demand and its trends, or with the product development process initiated within the company itself. Such analysis should show which products are competitive in the market and which are not.…”

Section: Entrepreneurship and Sustainability Issuesmentioning

confidence: 99%

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Delphi method application for evaluation of innovative product development scenario

Toločka,

Maceika

2024

JESI

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The authors had the idea to apply the Delphi method to evaluate innovative product development scenarios. For this purpose, questionnaires were prepared, and two rounds of the investigation were carried out, in which 30 experts participated as the respondents to evaluate factors related to innovative product development scenarios. A set of the factors and sub-factors to be assessed was selected for the research. This set was formed as the basis from the paper's authors' collected and summarised data. After analysis of obtained research results, it was found that the successful introduction of an innovative product to the market, strategic agility, and reduction of uncertainty scenario is favourable. Also, it was found that there is a significant difference in the experts' opinions on what parameters should be a priority. The options have to rely on a few experts' opinions to evaluate objectively and select the best innovative product development scenario. Then, using their average evaluation as a basis for possible options selection is good. Based on the research results, a model of innovative product development and implementation using scenarios was created. This model describes a possible scenario development path choice, scenario development, evaluation, selection, adaptation and implementation. In the article, the authors also suggest adopting the concept of green innovation in product development, as green innovation positively impacts the growth of the modern economy.

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Section: Theoretical Backgroundmentioning

confidence: 99%