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Design Science Journal
Papers

Parallel Development of Products and New Business Models

Parallel Development of Products and New Business Models

Year: 2014

Section: Management and organization of design and development

Editor: Miko Laakso, Kalevi Ekman

Author: Morten Lund, Poul Kyvsgaard Hansen

Series: NordDESIGN

Institution: Aalborg University, Denmark

Section: Management and organization of design and development

Pages: 632-641

ISBN: 978-1-904670-58-2

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.

Keywords: Business models, product development, innovation, value creation

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ds conferenceNordDesign 2014 at Aalto University Design Factory Espoo, Finland August 27th – 29th 2014

In the area of innovation, design and product development we quite often seem to know that something works in practice, but might lack understanding on the theoretical foundations. Many of the topical issues related to design, development, and innovation that seem to be regarded as “common knowledge” within the industry, are insufficiently founded from the theoretical perspective. On the other hand, results of academic research are often insufficiently disseminated to the industry. We are calling...

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Special Interest Group (SIG)NordDesign

Enhancing a Nordic approach to product development in industry, education and research...

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Design Science Journal