Innovation in Business : Assignment

Running head: COMPETITIVE DESIGN AND MANUFACTURES
Competitive Design and Manufactures
Name of Student
Name of University
Author Note

1COMPETITIVE DESIGN AND MANUFACTURES
Abstract
The report focuses on the strategies involved in the innovation of products. Innovation is
considered as an idea for improving on an existing product. The report highlights the
importance of using the 4P’s of innovation for applying the technique effectively in an
organisation. The benefits of Concurrent engineering and the issues involved are also
highlighted. Furthermore, the innovative method used in a smart watch is analysed along with
the calculation of RPN. Recommendations are made such as installing a miniature-cooler to
prevent overheating is provided in the report.

2COMPETITIVE DESIGN AND MANUFACTURES
Table of Contents
Introduction................................................................................................................................3
Strategy and innovation..............................................................................................................3
1. Definition of innovation and 4P’s of innovation................................................................3
2. Opportunities and threats faced by companies...................................................................3
3. Benefits of Concurrent engineering....................................................................................4
4. Issues or risks of Concurrent engineering..........................................................................4
Design review and development................................................................................................5
5. Describing the product.......................................................................................................5
6. Performing a top-down QFD analysis................................................................................5
7. Performing a bottom-up FEMA analysis...........................................................................5
8. Undertaking a Boothroyd & Dewhurst assembly analysis.................................................6
9. Suggesting manufacturing processes..................................................................................6
10. Suggestions to improve the product.................................................................................6
11. Describing the product as a design process......................................................................7
Conclusion..................................................................................................................................7
Personal reflection......................................................................................................................7
Reference....................................................................................................................................8
Appendices.................................................................................................................................9
Appendix 1.............................................................................................................................9

3COMPETITIVE DESIGN AND MANUFACTURES