Identifying and categorizing risks of new product development in a small technology-driven company
Апстракт
New product development (NPD), as a locus of the innovative potential of organizations, plays an essential role in small technology-driven company survival. To address the research gap and fulfill the companies’ needs, this survey aims to post and verify a new, simple and not time-consuming methodology for risk identification and categorization of industrial products development. To check the hypothesis that NPD project technical, cost and schedule sets of risks could be categorized as both threats and opportunities, an experiment was conducted in a small Serbian enterprise that has developed 52 innovative solid state based lighting products for outdoor lighting infrastructure. There were 69 identified risks (51 threats and 18 opportunities) that through 76 factors influence new products’ technical characteristics, schedule and cost. Explorative factor analysis was applied to reduce and compress the data and 26 composite factors were obtained as valid predictors of the NPD project resu...lts. Regarding the technical characteristics risks, the threats can be grouped into four factors consisting of six risk types, while opportunities can be grouped into two factors consisting of four risk categories. The risks influencing the schedule disturbance that act as threats are grouped into eight factors consisting of ten risk types, while those that could be used in opportunities are grouped in four factors with eight risks identified. The risks influencing the costs that threaten the project are recognized as five factors described by seven risks, while those that act as opportunities are grouped into three factors described by five variables in total.
Кључне речи:
Technical characteristics / Schedule / Risk identification / Risk categorization / Product development / CostsИзвор:
FGF Studies in Small Business and Entrepreneurship, 2018, 71-98Издавач:
- Springer
Финансирање / пројекти:
- Развој стохастичког модела утврђивања елемената времена рада производног циклуса и њихова оптимизација за серијску производњу у металопрерађивачкој индустрији и у процесима рециклаже (RS-MESTD-Technological Development (TD or TR)-35017)
Колекције
Институција/група
Mašinski fakultetTY - CHAP AU - Rakonjac, I. AU - Spasojević Brkić, Vesna PY - 2018 UR - https://machinery.mas.bg.ac.rs/handle/123456789/2957 AB - New product development (NPD), as a locus of the innovative potential of organizations, plays an essential role in small technology-driven company survival. To address the research gap and fulfill the companies’ needs, this survey aims to post and verify a new, simple and not time-consuming methodology for risk identification and categorization of industrial products development. To check the hypothesis that NPD project technical, cost and schedule sets of risks could be categorized as both threats and opportunities, an experiment was conducted in a small Serbian enterprise that has developed 52 innovative solid state based lighting products for outdoor lighting infrastructure. There were 69 identified risks (51 threats and 18 opportunities) that through 76 factors influence new products’ technical characteristics, schedule and cost. Explorative factor analysis was applied to reduce and compress the data and 26 composite factors were obtained as valid predictors of the NPD project results. Regarding the technical characteristics risks, the threats can be grouped into four factors consisting of six risk types, while opportunities can be grouped into two factors consisting of four risk categories. The risks influencing the schedule disturbance that act as threats are grouped into eight factors consisting of ten risk types, while those that could be used in opportunities are grouped in four factors with eight risks identified. The risks influencing the costs that threaten the project are recognized as five factors described by seven risks, while those that act as opportunities are grouped into three factors described by five variables in total. PB - Springer T2 - FGF Studies in Small Business and Entrepreneurship T1 - Identifying and categorizing risks of new product development in a small technology-driven company EP - 98 SP - 71 DO - 10.1007/978-3-319-73509-2_4 ER -
@inbook{ author = "Rakonjac, I. and Spasojević Brkić, Vesna", year = "2018", abstract = "New product development (NPD), as a locus of the innovative potential of organizations, plays an essential role in small technology-driven company survival. To address the research gap and fulfill the companies’ needs, this survey aims to post and verify a new, simple and not time-consuming methodology for risk identification and categorization of industrial products development. To check the hypothesis that NPD project technical, cost and schedule sets of risks could be categorized as both threats and opportunities, an experiment was conducted in a small Serbian enterprise that has developed 52 innovative solid state based lighting products for outdoor lighting infrastructure. There were 69 identified risks (51 threats and 18 opportunities) that through 76 factors influence new products’ technical characteristics, schedule and cost. Explorative factor analysis was applied to reduce and compress the data and 26 composite factors were obtained as valid predictors of the NPD project results. Regarding the technical characteristics risks, the threats can be grouped into four factors consisting of six risk types, while opportunities can be grouped into two factors consisting of four risk categories. The risks influencing the schedule disturbance that act as threats are grouped into eight factors consisting of ten risk types, while those that could be used in opportunities are grouped in four factors with eight risks identified. The risks influencing the costs that threaten the project are recognized as five factors described by seven risks, while those that act as opportunities are grouped into three factors described by five variables in total.", publisher = "Springer", journal = "FGF Studies in Small Business and Entrepreneurship", booktitle = "Identifying and categorizing risks of new product development in a small technology-driven company", pages = "98-71", doi = "10.1007/978-3-319-73509-2_4" }
Rakonjac, I.,& Spasojević Brkić, V.. (2018). Identifying and categorizing risks of new product development in a small technology-driven company. in FGF Studies in Small Business and Entrepreneurship Springer., 71-98. https://doi.org/10.1007/978-3-319-73509-2_4
Rakonjac I, Spasojević Brkić V. Identifying and categorizing risks of new product development in a small technology-driven company. in FGF Studies in Small Business and Entrepreneurship. 2018;:71-98. doi:10.1007/978-3-319-73509-2_4 .
Rakonjac, I., Spasojević Brkić, Vesna, "Identifying and categorizing risks of new product development in a small technology-driven company" in FGF Studies in Small Business and Entrepreneurship (2018):71-98, https://doi.org/10.1007/978-3-319-73509-2_4 . .