AEM 4080 - Innovation And New Product Management

Spring. 3 credits. Letter grades only (no audit).

Prerequisite: AEM 2420 or equivalent.

S. Kankanhalli.

In a rapidly changing business environment where product life cycles are shortening and competition is intensifying, creating new products has become the most significant and most risky activity within a firm. This course aims to develop an understanding of the “state of the art” strategies, processes and methods used in developing new products. This course focuses on key new product issues including generation and assessment of ideas, value creation in competitive markets, the impact of disruptive technologies on mainstream industries, and the diffusion of innovative new products and services. This is a case based course, where students participate in a dynamic and interactive group environment to develop the capacity to use the information learned to make informed new product decisions.

Outcome 1: Students will be able to integrate the customer and knowledge of the customer into this process.

Outcome 2: Students will be able to apply concepts and tools appropriate for new product development analysis.

Outcome 3: Students will develop effective recommendations and action plans for companies facing difficult decisions about bringing new products to market.