Performance Assessment of R&D-Intensive Manufacturing Companies on Dynamic Capabilities

2020 ◽  
Vol 11 (4) ◽  
pp. 1-23
Author(s):  
Mohammadyasser Darvizeh ◽  
Jian-Bo Yang ◽  
Stephen Eldridge
Keyword(s):  
New Product Development ◽  
Automotive Industry ◽  
Dynamic Capabilities ◽  
Software Tool ◽  
New Product ◽  
Continuous Performance ◽  
Manufacturing Companies ◽  
Self Assessment ◽  
Intelligent Decision ◽  
Continuous Performance Improvement

In today's business landscape, improving competitive advantage of manufacturing companies depends on their continuous performance improvement. This necessitates a generic and multi-dimensional view that organisational and managerial processes should be assessed by the underlying micro-foundation of dynamic capabilities (DC) in conjunction with enhanced new product development (NPD) projects. This study aims to propose an operationalised model of the conceptual DC framework including sensing, seizing, and reconfiguration capacities. The advantage of the two aforementioned models, which are based on a multi-criteria decision analysis (MCDA) framework, is that they can assist managers in the automotive industry to identify improvement plans and goals for sound and robust decision making. For this purpose, the evidential reasoning (ER) approach, which is realised in the intelligent decision system (IDS) software tool, is employed to perform performance self-assessment for the selected manufacturing companies on DC. This study provides managers with a useful tool to assess their company's strengths and weaknesses in regard to the DC components.

Dynamic Capabilities and New Product Development Performance

2020 ◽  
Vol 11 (4) ◽  
pp. 65-87
Author(s):  
Mohammadyasser Darvizeh ◽  
Jian-Bo Yang
Keyword(s):  
Product Development ◽  
New Product Development ◽  
Automotive Industry ◽  
Dynamic Capabilities ◽  
New Product ◽  
Sustainable Competitive Advantage ◽  
Economic Surplus ◽  
And Performance ◽  
Micro Foundations ◽  
Npd Performance

The paper aims to propose a structured multi-dimensional framework linking higher organisational capabilities such as dynamic capabilities (DC) and new product development (NPD) performance as a means by which the sustainable competitive advantage can be realised. The study lends support to supply chains that enable the firms to generate an economic surplus into the future. For this purpose, this study examines the complex inter-relationships between DC and performance in NPD using a multiple-criteria decision analysis (MCDA) approach using automotive industry data. The components of the DC model including the three capacities of sensing, seizing, and reconfiguration have been operationalised in cases featuring extensive supplier involvement in NPD projects. The findings of the study highlight that superior NPD performance including effectiveness, efficiency, and product content can be explained well by identifying and evaluating the effects of the organizational and managerial processes underlying the micro-foundations of DC.

Critical Success Factors of New Product Development and Impact on Performance of Malaysian Automotive Industry

2014 ◽  
Vol 903 ◽  
pp. 431-437 ◽  
Author(s):  
Abdul Aziz Fazilah ◽  
Nur Najmiyah Jaafar ◽  
Sulaiman Suraya
Keyword(s):  
Product Development ◽  
New Product Development ◽  
Automotive Industry ◽  
Critical Success Factors ◽  
Success Factors ◽  
New Product ◽  
Success Factor ◽  
Management Support ◽  
Critical Success ◽  
Research Activities

This research paper shows a framework to conduct an empirical study in Malaysian automotive industry in order to improve their performance. There are factors which are effective factors in improving performance of Malaysian automotive companies namely top management support, cross functional teamwork, new product development (NPD) process, NPD strategies, and market research activities. The critical success factor of NPD is playing a fundamental role in determining the performance in Malaysian automotive companies. In this research study, a framework has been developed that includes critical success factors of NPD and project achievement to study their influence on the performance of Malaysian automotive companies. It is hoped that this paper can provide an academic source for both academicians and managers due to investigate the relationship between critical success factors of total NPD, project achievement and company performance in a systematic manner to increase successful rate of NPD progress.

Risks Management in Agile New Product Development Project Environments

2018 ◽  
Vol 7 (4) ◽  
pp. 37-67 ◽  
Author(s):  
Brian J. Galli ◽  
Paola Andrea Hernandez Lopez
Keyword(s):  
New Product Development ◽  
Management Practices ◽  
New Products ◽  
New Product ◽  
Development Project ◽  
Manufacturing Companies ◽  
Customer Requirements ◽  
Product Development Project ◽  
Agile Practices ◽  
Innovative Products

This article reviews the risks associated with the implementation of Agile Project Management practices in projects that involved new products development in manufacturing companies and identified according to existing research the best strategies to approach those risks. Further, this article analyzes the events that can affect the implementation of APM practices in projects that involve the development of new products within manufacturing companies and provides some strategies to mitigate, avoid, and minimize the likelihood if they become risks and its impact in the customer requirements. Principal risks in manufacturing companies were highlighted, and its probability and impact were evaluated regarding scope, quality, schedule, and cost. Risk responses and strategies were noted align with the purpose of the agile practices, which is to deliver innovative products quickly and with high-quality standards.

A case study on FMEA-based improvement for managing new product development risk

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Antonio Carrizo Moreira ◽  
Luis Miguel D.F. Ferreira ◽  
Pedro Silva
Keyword(s):  
Product Development ◽  
New Product Development ◽  
Early Phase ◽  
Design Methodology ◽  
New Product ◽  
Manufacturing Companies ◽  
User Friendliness ◽  
Content Type ◽  
Development Risk

PurposeThe purpose of this paper is to explore the applicability of the failure mode and effects analysis (FMEA) as an effective tool for decreasing failure risk in the early phase of the new product development (NPD), which adds to existing literature on the application of FMEA in NPD.Design/methodology/approachThrough the application of action research (AR) methodology, it was possible to develop a case study examining the use of FMEA to decrease NPD risk in an early phase of NPD execution.FindingsThe importance and immediate gains of identifying NPD failures support FMEA's usefulness for NPD risk decrease. Moreover, its user-friendliness, timeliness and cost advantages facilitate the introduction of FMEA in the early phase of NPD execution.Originality/valueFMEA is a well-known method used in manufacturing companies to identify and correct failures in products, processes and systems. This article explores the lack of practice-oriented evidence on the use of FMEA in the early phase of NPD execution and provides support to its applicability and effectiveness.

New Product Innovation in Established Companies: Associations with Industry and Strategy Variables

1994 ◽  
Vol 18 (2) ◽  
pp. 47-69 ◽  
Author(s):  
Shaker A. Zahra
Keyword(s):  
New Product Development ◽  
Product Innovation ◽  
Competitive Strategy ◽  
New Product ◽  
Formal Structure ◽  
Future Research ◽  
Manufacturing Companies ◽  
Early Introduction ◽  
New Product Introductions ◽  
Strategy Variables

As concern over the competitiveness of the U.S. persists, attention is given to understanding the factors associated with product innovation. To date, the bulk of research has focused on the organizational variables (e.g., formal structure) that spur or impede a company's new product development and introduction efforts. The present study extends the literature by examining the relationship of a firm's industry characteristics and the content of its competitive strategy, and the number and timing of new product introductions. Data from 134 established manufacturing companies (i.e., firms that have been in existence for more than eight years) show that a firm's Industry characteristics and competitive strategy explain a significant portion of variance in both the number and early introduction of new products. The implications of the results for managerial action and future research are also discussed.

The Use of Laser Scanning Technology to Improve the Design Process

2011 ◽  
Vol 110-116 ◽  
pp. 4118-4122
Author(s):  
Ercihan Kiraci ◽  
Alex Attridge ◽  
Mark. A. Williams
Keyword(s):  
New Product Development ◽  
Automotive Industry ◽  
Laser Scanning ◽  
Value Added ◽  
New Product ◽  
Physical Prototype ◽  
Development Processes ◽  
A Company ◽  
Generic Process

Benchmarking competitor products helps a company to identify opportunities to improve their product relative to their competitors. This allows a company to determine the basic requirements of a new product, and target potential areas for improvement, particularly within the automotive industry where there is considerable growth and competition. Automotive firms have been increasingly focusing on development processes. Reducing time to market and improving quality whilst minimising cost. Laser scanning technology enables companies to make design and engineering improvements through the ability to analyse a competitor’s design. A case study of this generic process will be presented in this paper. The results have revealed that a company can create significant value-added activity, reduce the need for physical prototype costs and time, improve quality in new product development introduction.

Analysis of success factors for a new product development initiative in Indian automotive industry: an ISM approach

2017 ◽  
Vol 9 (4) ◽  
pp. 246 ◽  
Author(s):  
Ajay Pal Singh Rathore ◽  
Gunjan Soni ◽  
Gaurav Kumar Badhotiya ◽  
Avanish Singh Chauhan
Keyword(s):  
Product Development ◽  
New Product Development ◽  
Automotive Industry ◽  
Success Factors ◽  
New Product

Analysis of success factors for a new product development initiative in Indian automotive industry: an ISM approach

2017 ◽  
Vol 9 (4) ◽  
pp. 246 ◽  
Author(s):  
Avanish Singh Chauhan ◽  
Gaurav Kumar Badhotiya ◽  
Gunjan Soni ◽  
Ajay Pal Singh Rathore
Keyword(s):  
Product Development ◽  
New Product Development ◽  
Automotive Industry ◽  
Success Factors ◽  
New Product
Sign in / Sign up

Export Citation Format

Share Document