scholarly journals Identifying challenges in crowdfunded product development: a review of Kickstarter projects

2018 ◽  
Vol 4 ◽  
Author(s):  
Lasse Skovgaard Jensen ◽  
Ali Gürcan Özkil
Keyword(s):  
Product Development ◽  
Failure Mode ◽  
New Product Development ◽  
New Product ◽  
The Creation ◽  
Development Paradigm

This paper provides an empirical review of the reward-based crowdfunding platform Kickstarter.com, with the aim to explore and identify challenges in crowdfunded product development, which consequently can lead to failure of the crowdfunding campaign. The review was based on the analysis of a total of 144 successfully funded ‘technology’ campaigns, which all concerned the creation of physical consumer hardware preordered by campaign backers. The analysis was built around a failure mode model, which was established through a pre-study. The study reveals that (i) no more than 32% of the campaigns managed to deliver the crowdfunded products on time, and, if campaigns are delayed, (ii) there is a significantly higher probability that the delivered products might lack expected attributes. The causes for delay have many reasons, but (iii) a set of particular product development issues were identified as the main challenges. A better understanding of crowdfunded product development can help researchers and practitioners to better understand and utilize the opportunities of this new product development paradigm.

Development of a Tourism Destination: Exploring the Role of Destination Capabilities

2018 ◽  
Vol 43 (4) ◽  
pp. 517-543 ◽  
Author(s):  
Ruggero Sainaghi ◽  
Manuela De Carlo ◽  
Francesca d’Angella
Keyword(s):  
Product Development ◽  
New Product Development ◽  
Development Process ◽  
New Product ◽  
Theoretical Framework ◽  
Tourism Destination ◽  
Limited Role ◽  
Dynamic Perspective ◽  
The Creation

This article aims to identify the key elements underlying a destination capability (DC) and to examine what the genesis of these factors is and how they interact to foster the destination development. The article explores a specific development process—the creation of a new product in an alpine destination (Livigno, Italy)—making use of a theoretical framework structured around four major dimensions: DCs, coordination at the destination level, inter-destination bridge ties, and destination development. The results help clarify the genesis of a DC in the context of new product development. First, the dynamics underlying the creation of a DC show that coordination at the destination level constitutes the heart of the process, whereas the integration of scattered resources in the new product plays a more limited role. Second, from a dynamic perspective, the analysis has identified three patterns (scouting, implementation, and involvement).

scholarly journals NEW PRODUCT DEVELOPMENT OPPORTUNITIES IN REZEKNE

2021 ◽  
Vol 1 (13) ◽  
pp. 24-33
Author(s):  
Iveta Dembovska ◽  
Violeta Kovalenoka
Keyword(s):  
Statistical Analysis ◽  
Product Development ◽  
New Product Development ◽  
New Product ◽  
Tourism Industry ◽  
Industry Data ◽  
The Past ◽  
Tourism Product ◽  
The Creation ◽  
Statistical Analysis Methods

The tourism industry was one of the fastest growing industries in Latvia until the pandemic was declared in 2020, which brought the entire industry to a halt. Before the pandemic, travel trends were already moving towards the type of experience offered by hostels, and consumer demand had grown in the past years. Moreover, the industry data show that the number of travellers who use hostels is growing. There are several lodging opportunities in Rezekne, but there is no economical option, which would be a hostel. The research aim is to study the theoretical aspects of a new product and analyse the opportunities for the creation of a hostel – a new tourism product in Rezekne. The methods used in the research are monographic, synthesis, statistical analysis methods, and a survey. The research allowed making recommendations for the creation of a new tourism product – a hostel – in Rezekne. The results of the research and survey showed that hostel-level accommodation is needed in Rezekne.

Research and Application of Special Vehicle Design Based on the FMEA

2013 ◽  
Vol 404 ◽  
pp. 171-176 ◽  
Author(s):  
Qing Feng ◽  
Xian Wu ◽  
Jie Luo ◽  
Bin Qi
Keyword(s):  
Product Development ◽  
Failure Mode ◽  
New Product Development ◽  
Significant Role ◽  
Early Stage ◽  
New Product ◽  
Weak Links ◽  
Vehicle Design ◽  
Tank Truck ◽  
Special Vehicle

FMEA(Failure Mode and Effects Analysis) for the tank truck tail bumper design is systematically performed. The results reveal that FMEA plays a significant role in the early stage of design to identify the weak links, and its considerably potential in improving the reliability of the product and the subsequent repair and maintenance procedure. In the process of new product development, the implement of FMEA tend to be increasingly intensive and completed, which provides a qualified guarantee for the industrialization of the new product.

scholarly journals Application of fuzzy integrated FMEA with product lifetime consideration for new product development in flexible electronics industry

2019 ◽  
Vol 12 (1) ◽  
pp. 176 ◽  
Author(s):  
Kelvin P.L.Pun ◽  
Jason Rotanson ◽  
Cheung Chee-wah ◽  
Alan H.S., Chan
Keyword(s):  
Product Development ◽  
Development Strategy ◽  
Failure Mode ◽  
New Product Development ◽  
New Product ◽  
Risk Level ◽  
High Tech ◽  
Time To Market ◽  
Process Characterization ◽  
Product Lifetime

Purpose: the aim of this paper is to minimize the risks of new product development and shorten time-to-market, particularly for high-tech enterprise where the complexity of the product generate vast amount of failure mode.Design/methodology/approach: first, the concept of Critical Consideration Factor (CCF) is introduced based on product-specific technical characteristics, expected lifetime, and yield requirement to identify and prioritize the critical failure mode in the subsequent Failure Mode and Effect Analysis (FMEA), followed by process characterization on the high risk failure mode and Critical Parameter Management (CPM) practice to realize a robust mass production system of the developed technology. The application on the development of advanced flexible substrate and surface finishes fabrication technique is presented.Findings: through the proposed methodology, the risk level of each potential failure mode can be accurately quantified to identify the critical variables. With process characterization, reliability of the product is ensured. Consequently, significant reduction in development resources and time-to-market can be achieved.Practical implications: the development strategy allows high tech enterprises to achieve a balanced ecosystem in which value created through adaption of new technology/product can be thoroughly captured through commercialization in a timely manner with no field failure.Originality/value: the proposed development strategy utilizes a unique approach with thorough considerations that enables high tech enterprise to deliver new product with rapid time-to-market without sacrificing product lifetime reliability, which is key to achieve competitive advantage in the highly dynamic market.

THE PARTICULARITIES OF NEW PRODUCT DEVELOPMENT IN THE TEXTILE INDUSTRY

2017 ◽  
Vol 2017 ◽  
pp. 24-28
Author(s):  
Fabio Shimabukuro Sandes ◽  
◽  
Fundacao Getulio Vargas
Keyword(s):  
Product Development ◽  
New Product Development ◽  
Textile Industry ◽  
New Product
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