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Agile New Solution Development in Manufacturing Companies
University of Vaasa.
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences, Business Administration and Industrial Engineering. University of Vaasa, Vaasa, Finland. USN Business School, Notodden, Norway.
2020 (English)In: Technology Innovation Management Review, ISSN 1927-0321, E-ISSN 1927-0321, Vol. 10, no 3, p. 16-23Article in journal (Refereed) Published
Abstract [en]

This conceptual paper proposes a new agile solution development model for technology and manufacturing companies. The flexible model consists of five key phases: 1) new idea screening, 2) idea nurturing, 3) conversion of ideas into "good enough" solutions, 4) solution productization, and 5) solution revamping. These phases are iterative by nature and follow partial stage model logic, hence combining elements of both the waterfall and agile methods. For technology and manufacturing companies, the new model presents a new way to consider ideas related to new product, service, process, and business model development. It is framed in contrast with older models that are typically product oriented, which potentially restrict companies in the ability to strategically renew themselves fast enough in turbulent product-service markets.

Place, publisher, year, edition, pages
Talent First Network , 2020. Vol. 10, no 3, p. 16-23
Keywords [en]
agile development, innovation practices, new service development (NSD), Open innovation, servitization and digital servitization, solution business, solution development
National Category
Business Administration
Research subject
Entrepreneurship and Innovation
Identifiers
URN: urn:nbn:se:ltu:diva-78705DOI: 10.22215/timreview/1333ISI: 000523275000003Scopus ID: 2-s2.0-85083845431OAI: oai:DiVA.org:ltu-78705DiVA, id: diva2:1426897
Note

Validerad;2020;Nivå 2;2020-04-28 (johcin)

Available from: 2020-04-28 Created: 2020-04-28 Last updated: 2020-05-05Bibliographically approved

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Kohtamäki, Marko

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