Parallel Development of Products and New Business Models

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Abstract

The perception of product development and the practical execution of product development in professional organizations have undergone dramatic changes in recent years. Many of these chances relate to introduction of broader and more cross-disciplinary views that involves new organizational functions and new concepts. These chances can be captured in various generations of practice. This paper will discuss the recent development of 3rd generation product development process models and the emergence of a 4th generation. While the 3rd generation models included the concept of innovation and innovation management the 4th generation models are increasingly including the concept business models and business model innovation.
Original languageEnglish
Title of host publicationProceedings of Norddesign 2014 Conference
EditorsMiko Laakso, Kalevi Ekman
Number of pages10
PublisherDesign Society
Publication date2014
Pages632-641
ISBN (Electronic)978-1-904670-58-2
Publication statusPublished - 2014
EventNorddesign 2014 Conference - Aalto Design Factory, Espoo, Finland
Duration: 27 Aug 201429 Aug 2014

Conference

ConferenceNorddesign 2014 Conference
LocationAalto Design Factory
Country/TerritoryFinland
CityEspoo
Period27/08/201429/08/2014

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