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Product/Service Management LAP 11 Techniques for Generating Product Ideas.

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Presentation on theme: "Product/Service Management LAP 11 Techniques for Generating Product Ideas."— Presentation transcript:

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2 Product/Service Management LAP 11 Techniques for Generating Product Ideas

3 Objectives: Describe techniques used to identify product ideas. Explain the nature of product ideation.

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5  Everything starts with an idea.  You can be creative, too.  Look for opportunities.  Think “outside the box.”  Generate marketable ideas for products.

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7 The market’s needs and wants change constantly. Businesses need to stay ahead of the competition. Products’ life cycles are becoming shorter. New Product Ideas Are Key

8 Sources of Inspiration  Trends  Customers

9 Sources of Inspiration  How can you make problem products better?  Are there ways to improve even your best selling products?  What complementary products could be offered? Existing products  What are substitutes for existing products?

10 Channel your strengths into successful new products. Do What You Do Best

11 Pitfalls of Ideation Pitfalls of Ideation Lack of creativity

12 Concern about the unknown Pitfalls of Ideation

13 Fear of criticism

14 Describe techniques used to identify product ideas.

15 Think “ outside the box. ” Think Creatively Think in different ways. Focus your mind on unrelated things.

16 Lateral Thinking  Use illogical methods to develop new ideas.  Approach an issue from new illogical directions.

17  Don’t judge the quality of ideas that are shared.  Identify as many ideas as possible during a certain time frame. Lateral Thinking Methods Brainstorming

18  Multiple individuals  Competing teams  Teammates responding in a certain order  No assistance from others  Multiple individuals  Competing teams  Teammates responding in a certain order  No assistance from others Relay brainstorming Ways to Brainstorm

19  Respond quickly. Round robin brainstorming Ways to Brainstorm  Take turns.

20 Starbursting Starbursting Ways to Brainstorm Draw a six-pointed star. Write product opportunity in center. Write Who? What? Why? Where? When? and How? at the points. Ask and answer questions starting with these words. Draw a six-pointed star. Write product opportunity in center. Write Who? What? Why? Where? When? and How? at the points. Ask and answer questions starting with these words. Who? What ? Why? Where? When? How? Product Opportunity

21 Mind Mapping Ways to Brainstorm Seasonal? Cost? Apple Organic Artificial Paw Paw Banana & Pear Chocolate: Dark or White Apple spices Apple Pie flavor New ice cream flavor  Write product opportunity in center of a piece of paper.  Draw line to other words/ phrases related to main idea.  From these words, draw other lines to more related words.  Expand your thinking.  Get many ideas down on paper in short period of time.

22 Ways to Brainstorm  Take turns randomly sketching and doodling on a piece of paper.  Build on others’ drawings until page is covered.  Study the doodles.  Try to identify shapes that you see.  Find ways to relate shapes to product opportunity. Braindrawing

23 Lateral Thinking Methods Name the first thing that comes to mind. Record your train of thought. Make connections between your thoughts and your product opportunity. Free association

24 Use basic question starters. Develop original questions about your product opportunity. Forced questioning Lateral Thinking Methods

25 Synectics Forced relations  Connect unrelated ideas or items to find new practical combinations and products.  Forced associations make a direct connection between random words and the issue at hand.  Forced analogies use metaphors and similes to create connections where none exists. Lateral Thinking Methods

26 Programmed Thinking  Organized  Logical  Analytical  Organized  Logical  Analytical

27 Programmed Thinking Methods List a product’s characteristics. Focus on finding ways to improve the product’s existing attributes. List a product’s characteristics. Focus on finding ways to improve the product’s existing attributes. Attribute listing

28 Morphological analysis Programmed Thinking Methods List a product’s attributes. Combine some or all of the product’s attributes in different ways to create new products.

29 How do they generate new ideas? What creative-thinking techniques do they use? Where do they get inspiration for new products?  New product ideas are essential for success.  Think about your place of employment or SBE. What recommendations would you make to improve their ideation processes?

30  Carter Bryant created the popular Bratz doll line while working for Mattel.  Mattel claims that, as Bryant’s employer at the time, it owns the rights to Bryant’s idea.  But, Bryant worked on his idea for Bratz in his spare time—not on the clock.

31 Should he have given his idea to Mattel? Was it okay for him to sell his idea to a competitor? What would you have done?  He sold his idea to MGA Entertainment, a competing toy company.  Did Bryant behave ethically?

32 MBA Research Acknowledgments Original Developers Lelia Ventling, April J. Miller, MBAResearch Version 2.0 Copyright © 2011 MBA Research and Curriculum Center®

33 Digital-based photography sources: THINKSTOCK PHOTOS Various images used in this presentation are ©2011 Liquid Library. All rights reserved MICROSOFT CLIP GALLERY LIVE Various clipart used in conjunction with © PowerPoint 2003 ®, © Microsoft ® All rights reserved One Microsoft Way Redmond, WA USA

34 Copyright: All photographic digital images on this CD are owned by the aforementioned photographic resources or their licensors and are protected by the United States copyright laws, international treaty provisions, and applicable laws. No title to or intellectual property rights to the images on this CD are transferred to you. These sources retain all rights and are not to be used, digitally copied, transferred, or manipulated in any way. To do so is a violation of federal copyright laws.

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