BUSDEV 723 : New Product Development Processes

Business and Economics

2021 Quarter Two (1214) (15 POINTS)

Course Prescription

Develops the knowledge and capabilities to lead new product development processes and launch products into the market. Examines practices for customer insight, design, prototyping, product planning, and go-to-market strategies.

Course Overview

This course is part of the innovation and product management specialisation within the Master of Business Development programme. Business development focuses on processes to identify, create and implement growth opportunities. Among these processes, developing and launching new products is one of the most demanding and risky, but also one of the most exciting. New ventures and established firms alike create new products and services hoping to solve significant problems for their customers, and in doing so, grow their company. But, launching new products is a high stakes game, often requiring significant investment, and having a high likelihood of failure. The course is organized around a step-by-step approach that can help to increase the chances of launching successful products. It combines knowledge of contemporary practices, opportunities to learn from experienced professionals, and practical exercises to help you develop the capabilities needed to develop new products. 

Course Requirements

No pre-requisites or restrictions

Capabilities Developed in this Course

Capability 1: Disciplinary Knowledge and Practice
Capability 2: Critical Thinking
Capability 3: Solution Seeking
Capability 4: Communication and Engagement
Capability 5: Independence and Integrity

Learning Outcomes

By the end of this course, students will be able to:
  1. Evaluate theories, frameworks and models of new product development processes and demonstrate an awareness of the complexities of their application. (Capability 1, 2, 4.2 and 4.3)
  2. Apply knowledge of practices and processes for developing and launching products into markets, both national and international. (Capability 1, 3, 4.2 and 4.3)
  3. Evaluate and apply appropriate tools for customer insight, design, prototyping and product planning. (Capability 2, 3, 4.2, 4.3 and 5.1)
  4. Develop a go-to-market strategy to launch a new product. (Capability 3, 4.2 and 5.1)

Assessments

Assessment Type Percentage Classification
Knowledge application exercise 30% Individual Coursework
Reflective exercise 30% Individual Coursework
Experiential exercise 40% Individual Coursework
Assessment Type Learning Outcome Addressed
1 2 3 4
Knowledge application exercise
Reflective exercise
Experiential exercise

Workload Expectations

This course is a standard 15 point course and students are expected to spend 10 hours per week involved in each 15 point course that they are enrolled in. Thus, you can expect to spend about 15 hours per week on course related activities, including reading, webinars, contributing to discussions, and working on assignments.

Delivery Mode

Online

This course is delivered fully online. Attendance on campus is not required for any component of the course. However, there are some live on-line seminar events. These will be recorded, so can be attended in real-time or viewed at another time. In addition, there will be on-line office hours where you can talk with the teaching staff. This course runs to the University's quarter timetable and all the associated completion dates and deadlines will apply. 

Learning Resources

Course readings are available via Reading Lists on the main navigation menu in Canvas (the University’s online learning management system) and are also linked within each module .

Student Feedback

At the end of every semester students will be invited to give feedback on the course and teaching through a tool called SET or Qualtrics. The lecturers and course co-ordinators will consider all feedback and respond with summaries and actions.

Your feedback helps teachers to improve the course and its delivery for future students.

Class Representatives in each class can take feedback to the department and faculty staff-student consultative committees.

Digital Resources

Course materials are made available in a learning and collaboration tool called Canvas which also includes reading lists and lecture recordings (where available).

Please remember that the recording of any class on a personal device requires the permission of the instructor.

Academic Integrity

The University of Auckland will not tolerate cheating, or assisting others to cheat, and views cheating in coursework as a serious academic offence. The work that a student submits for grading must be the student's own work, reflecting their learning. Where work from other sources is used, it must be properly acknowledged and referenced. This requirement also applies to sources on the internet. A student's assessed work may be reviewed against online source material using computerised detection mechanisms.

Inclusive Learning

All students are asked to discuss any impairment related requirements privately, face to face and/or in written form with the course coordinator, lecturer or tutor.

Student Disability Services also provides support for students with a wide range of impairments, both visible and invisible, to succeed and excel at the University. For more information and contact details, please visit the Student Disability Services’ website http://disability.auckland.ac.nz

Special Circumstances

If your ability to complete assessed coursework is affected by illness or other personal circumstances outside of your control, contact a member of teaching staff as soon as possible before the assessment is due.

If your personal circumstances significantly affect your performance, or preparation, for an exam or eligible written test, refer to the University’s aegrotat or compassionate consideration page https://www.auckland.ac.nz/en/students/academic-information/exams-and-final-results/during-exams/aegrotat-and-compassionate-consideration.html.

This should be done as soon as possible and no later than seven days after the affected test or exam date.

Learning Continuity

In the event of an unexpected disruption we undertake to maintain the continuity and standard of teaching and learning in all your courses throughout the year. If there are unexpected disruptions the University has contingency plans to ensure that access to your course continues and your assessment is fair, and not compromised. Some adjustments may need to be made in emergencies. You will be kept fully informed by your course co-ordinator, and if disruption occurs you should refer to the University Website for information about how to proceed.

Student Charter and Responsibilities

The Student Charter assumes and acknowledges that students are active participants in the learning process and that they have responsibilities to the institution and the international community of scholars. The University expects that students will act at all times in a way that demonstrates respect for the rights of other students and staff so that the learning environment is both safe and productive. For further information visit Student Charter https://www.auckland.ac.nz/en/students/forms-policies-and-guidelines/student-policies-and-guidelines/student-charter.html.

Disclaimer

Elements of this outline may be subject to change. The latest information about the course will be available for enrolled students in Canvas.

In this course you may be asked to submit your coursework assessments digitally. The University reserves the right to conduct scheduled tests and examinations for this course online or through the use of computers or other electronic devices. Where tests or examinations are conducted online remote invigilation arrangements may be used. The final decision on the completion mode for a test or examination, and remote invigilation arrangements where applicable, will be advised to students at least 10 days prior to the scheduled date of the assessment, or in the case of an examination when the examination timetable is published.

Published on 30/11/2020 03:28 p.m.