Technopreneurship

1. Technopreneurship

2. Is the creation of new products by companies.

3. Is a measure of how long it takes companies to
develop new products and services.

5. It increases the amount of time that your products can be on the
market before becoming obsolete.
It speeds the development of product adaptations.
It allows you to delay product development efforts until you learn
more about markets, competitors, actions, and complementary
technologies.

6. It refers to an approach used in product development
in which functions of design engineering,
manufacturing engineering, and other functions are
integrated to reduce the elapsed time required to bring
a new product to the market.

8. It refers to an approach used in product development
in which functions similar to the concurrent
development are done sequentially to reduce the
elapsed time required to bring a new product to the
market.

10. Is the degree to which a complex product can be
built from smaller components that can be created
independently but function together.

11. Is a statistical technique used in market research
to determine how people value different attributes
(feature, function, benefits) that make up an
individual product or service.

13. Is a technique developed by Noriaki Kano for
evaluating customer preferences when those
preferences are different if a feature is present
than if the feature is absent.

15. A visual display of the perceptions of customers
about the different features of competing products.

17. Is a diagram resembling a house, used for defining
the relationship between customer desires and the
firm/product capabilities.

19. Identify Opportunity ($100)
Evaluate Opportunity ($10, 000)
Design Product ($100, 000)
Test Pilot ($1, 000, 000)
Develop Manufacturing ($5, 000, 000)
Test Market ($10, 000, 000)
Scale Up Production ($30, 000, 000)

20. CAD is the use of computer systems to assist in
the creation, modification, analysis, or optimization
of a product.

22. Also referred to as the phase-gate process is a
project management technique in which an
initiative or project is divided into stages/phases
separated by gates.