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Concept of New Product Development - Doc

   

Added on  2020-12-10

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Research and ReflectiveReport1of 12

Issue / ConceptSpecific aspect / area of focusYour responseGrade & comments IntroductionIntroduction to your project team and your role within it.[50 – 100 words]My project team name was “SPM Group 1”. This are one of the industryleader in inclusion and diversity. In project management team, I play asa role of member in which I easily maintain all work of project. In thisdifferent member are work such as leader, staff member and many other.In this my role is member of project management is to identify differentissue which arise during implementation for new product introduction tothe ABN. Another role is to analysis different models and approach toovercome issue which arise during the new product development(Asselin, Schwartz‐Barcott and Osterman, 2013). /2Project management conceptsComment on the project significance, aims and objectives and what you have learnt from this experience.[100 words]Introduction of New product development is more essential andsignificant project for the ABN to maximise customer base and maintainlong run sustainability at marketplace. Beside this, business introduce ahoney based cream to reduce and prevent hair loss.Main aim of this research is to introduce new product that wouldsupport in treating hair loss by using honey. Main objective of this research is to analysis concept of new productdevelopment and issues which arise in during the introduction of uniqueproduct to the market such as honey based cream (Bell, 2014). Therefore, in this experience I have learned that launching a newproduct is a complex process and involves extreme efforts of the team /project members/4Identify and explain one or two key problem[s] / risk[s] encountered and describe your response and why that approach was chosen.[100 words]In during the introduction of new product development to the company. One of the main issue which is found by me such as poor communication. It will highly effect on collecting accurate amount of information from the respondents about the project. In order to overcome this issue I have used different channels of communication such as T.V. Newsletters and many other. IT will help me in collecting accurate amount of information which is useful for me to easily completing all activities of project. All these are support me in gathering appropriate and relevant amount of data about the research topic. My main reason behind choosing this approach is provide entire information about the topic to the all team members in a systematic and effective manner (Colucci‐Gray and et. al., 2013). 2of 12

Team member dynamicsExplain what team dynamics worked well during the semesterand why. What insights will youtake into future projects?[100 words]Good dynamic team can be achieved by knowing my team members, tackle issue in quick way with good feedback. Another is to define roles and responsibility of my team members and break down barriers. It will also help in completing new product development project in given time period. I will focus on good team dynamic in my future project because it help me in maintaining better relationship with the other team members. In this I play vital role in making an individual on the team is responsible for a completion of project within given time duration./4Identify one or two key team dynamics [positive or negative behaviours / characteristics] which impacted your team’s performance? Explain how these were managed. Describe your key learning outcomes? [100 words]In implementation of project, there was different team membersthat work with each other (Davidsson, 2013). It was identify asmain characteristics of my team member which help me incompletion of project within predetermined time period. Positivekey dynamic can change the way of my work in groups. Feedbackis positive team dynamic and leadership in negative team dynamicthat effect on my while completing each and every activity ofproject. It will also essential in the success of group. On the otherhand, negative team dynamic can effect the overall performanceand effectiveness of my. A negative team dynamic can causespeople not happy which highly effect on overall performance ofteam members. In order to managed team dynamic I was playedsome role such as providing accurate information, using differenttheories of motivation and so on. All these was helped me inmaximisation of knowledge and understanding about themotivation and communication channels. Team composition andprocessIdentify one aspect that:1.Worked well2.Did not work so well.Explain your choice using one illustration for each from your weekly progress reports to support your choice. [100 words]In collecting of feedback from my team members about theproject, I worked more well because in this I was able to easilygather data at marketplace. . At the same, I have lack ofknowledge about how to lead and manage all work in propermanner, For example: in order to improve my leadership skill Iwill decide to attend meeting from my senior authority and manyother ways. This was highly support me in increasing of myconfidence level (Indrawan-Santiago, 2012). It was possible whileI was developed personal and professional development plan.Thus, this plan is more essential and significant for improving myweekly progress report. /23of 12

Academic theoryList clearly the two chosen project management issues / topics from the chosen international speakers. Explain why you chose them.[150 words]In during the implementation of new product development atworkplace, I was found two project management issue such aspoor flow of communication and poor planning. Both are highlyeffective and influenced on my working about collecting data andcompleting project within allotted time and cost. Main reason ofmy behind choosing this issue is to overcome such problemthrough adopting advanced technology and different channels ofcommunication. Both are essential and effective for me ingathering accurate amount of data from the people and completingeach and every activities of research in given time period. Alongwith this, to overcome both project management issue I wasapplied MUM effects (Lewis, 2015). It is identify to the robustfinding of research /3For the first issue / topic, identify at least one academic theory to deepen your insights into the issueBriefly introduce [and reference] your chosen academic theory. Justify your choice.[400 words]First issue is poor communication that highly impact on myperformance while completing each activity of research insystematic and give time period. In order to overcome poorcommunication issue I have used different channels ofcommunication such as face-to-face, Broadcast media, mobilecommunication, Electronic channels, written message and manyother. All these are help me to provide clear and accurateinformation to the customers and team member. Poorcommunication is main issue that highly impact on entire teammember and their performance in a direct manner. Main reasonabout arising this issue is inaccurate flow of communicationbetween the top, middle and lower level authority. In this I haveused Yellow, Green and red reporting which is essential for me toproviding accurate information in a systematic manner. It is a typeof model that recording more details of information. With the helpof this model I was assumed that a plan of time, budget and scopeare unchanging and fixed. In this yellow reporter report the redthan green (Lien and et. al., 2014). This it is flow that help them inovercoming communication barriers and achieving better resultswithin predetermined time period. Seven Cs of communication is identify one of the mainacademic theory or model that assist me to overcome this barriersin an effective and systematic manner. 7Cs are used as a type of/34of 12

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