New product development within small and medium-sized enterprises: analysis through technology management maps
World Scientific Publishing
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Following positive feedback from delivering a paper at PICMET ’05 the conference editors encouraged PDR’s researchers to develop their technology management analysis further (see Millward output 1). This work was subsequently developed further resulting in this journal paper. The study focused on SMEs implementing technology to enhance in-house new product development (NPD) activities. The aim of the research was to refine the technology management map methodology, and to apply the output from this analysis to identify those technology management factors that contribute to successful NPD. Preliminary analysis showed that the 15 case-study companies could be divided into three NPD categories: 'high', 'medium' and 'low' impact. The clear distinguishing element that separated the 'high' from the 'low' impact companies was the use of an effective NPD process to complement and support the use of new technology. The significance of the study is that the technology management map methodology was developed to provide quantitative analysis of NPD activities. The change in area of the technology management maps showed that design-led technologies provided inherent benefits to SMEs in resource saving and improved product quality. The change in centroids of the technology management maps showed that management aspirations were weighted toward knowledge and innovation, whilst technology implementation drove improvements in resources and quality. The findings have continued to inform subsequent research and KTP projects.
International Journal of Innovation and Technology Management
Millward, H., Byrne, C., Walters, A. and Lewis, A. (2006) 'New product development within small and medium-sized enterprises: analysis through technology management maps', International Journal of Innovation and Technology Management, 3(03), pp.283-302
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