Faculty of Business and Law

School: Business

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    New Product Development
  • Unit Code

    MKT6304
  • Year

    2015
  • Enrolment Period

    1
  • Version

    2
  • Credit Points

    20
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus

Description

This unit focuses on the role of new products within the organisation and society. It explores each step in the new product development process, including the strategy, opportunity identification, design, testing, product launch and profit management. The theory of New Product Development (NPD) is studied, with practical application of these concepts by students with their own new product project. This postgraduate marketing unit provides a managerial approach to new product development and implementation. It assumes an understanding of the fundamental principles of marketing and management. Familiarity with marketing research is also strongly encouraged as students will be creating and justifying a marketing plan for their new product.

Prerequisite Rule

Students must pass 1 units from FBL5020

Learning Outcomes

On completion of this unit students should be able to:

  1. Acquire knowledge of the role of NPD's in organisations and society.
  2. Apply practical concepts and techniques involved in NPD planning, development, implementation and control.
  3. Apply written communication skills and the ability to think critically.
  4. Demonstrate the systematic scientific analysis and the creative art of judgement involved in NPD management.
  5. Design a marketing plan applying and justifying stages of the NPD process.
  6. Synthesize concepts of product innovation management into a marketing plan.

Unit Content

  1. Business analysis.
  2. Commercialisation.
  3. Concept testing.
  4. Corporate strategy and NPD implementation.
  5. Idea generation.
  6. Product development.
  7. Screening.
  8. Test marketing.
  9. The importance of the NPD process.

Additional Learning Experience Information

On-Campus students will attend a weekly three hour seminar per week, that utilises a selection of lectures, case studies, class activities, workshops and general class discussion on specific concepts and examples. Students are encouraged to come to class prepared by completing reading and weekly activities so as to contribute to class interaction. Resources for this unit will be available via Blackboard. Off-Campus students will access resources for this unit via Blackboard. Regular online access is required.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
TestCase study (individual)20%
ProjectProduct development project (individual)40%
ExaminationFinal examination40%
ONLINE
TypeDescriptionValue
Case StudyCase study (individual)20%
ProjectProduct development project (individual)40%
ExaminationFinal examination40%

Text References

  • ^ Baker, M., & Hart, S. (2007). Product strategy and management (2nd ed.). London: Pearson Education Ltd.
  • Crawford, C.M., & Di Benedetto, C.A. (2003). New products management (7th ed.). Homewood, IL: Richard D. Irwin.

Journal References

  • Brandweek
  • Business Horizons
  • Business Week
  • European Journal of Innovation Management
  • Financial Times
  • Fortune
  • Harvard Business Review
  • Industrial Marketing
  • Wall Street Journal
  • Journal of Business Research
  • Journal of Business Strategy
  • Journal of Consumer Marketing
  • Journal of Consumer Research
  • Journal of Marketing
  • Journal of Marketing Research
  • Journal of Product Development and Brand Management
  • Journal of Product Development and Innovation Management
  • Journal of Services Marketing
  • Management Science
  • Marketing News
  • Sales and Marketing Management
  • Advertising Age
  • Advances in Product Management
  • Journal of Brand Management

^ Mandatory reference


Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

MKT6304|2|1

Faculty of Business and Law

School: Business

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    New Product Development
  • Unit Code

    MKT6304
  • Year

    2015
  • Enrolment Period

    2
  • Version

    2
  • Credit Points

    20
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus

Description

This unit focuses on the role of new products within the organisation and society. It explores each step in the new product development process, including the strategy, opportunity identification, design, testing, product launch and profit management. The theory of New Product Development (NPD) is studied, with practical application of these concepts by students with their own new product project. This postgraduate marketing unit provides a managerial approach to new product development and implementation. It assumes an understanding of the fundamental principles of marketing and management. Familiarity with marketing research is also strongly encouraged as students will be creating and justifying a marketing plan for their new product.

Prerequisite Rule

Students must pass 1 units from FBL5020

Learning Outcomes

On completion of this unit students should be able to:

  1. Acquire knowledge of the role of NPD's in organisations and society.
  2. Apply practical concepts and techniques involved in NPD planning, development, implementation and control.
  3. Apply written communication skills and the ability to think critically.
  4. Demonstrate the systematic scientific analysis and the creative art of judgement involved in NPD management.
  5. Design a marketing plan applying and justifying stages of the NPD process.
  6. Synthesize concepts of product innovation management into a marketing plan.

Unit Content

  1. Business analysis.
  2. Commercialisation.
  3. Concept testing.
  4. Corporate strategy and NPD implementation.
  5. Idea generation.
  6. Product development.
  7. Screening.
  8. Test marketing.
  9. The importance of the NPD process.

Additional Learning Experience Information

On-Campus students will attend a weekly three hour seminar per week, that utilises a selection of lectures, case studies, class activities, workshops and general class discussion on specific concepts and examples. Students are encouraged to come to class prepared by completing reading and weekly activities so as to contribute to class interaction. Resources for this unit will be available via Blackboard. Off-Campus students will access resources for this unit via Blackboard. Regular online access is required.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
TestCase study (individual)20%
ProjectProduct development project (individual)40%
ExaminationFinal examination40%
ONLINE
TypeDescriptionValue
Case StudyCase study (individual)20%
ProjectProduct development project (individual)40%
ExaminationFinal examination40%

Text References

  • ^ Baker, M., & Hart, S. (2007). Product strategy and management (2nd ed.). London: Pearson Education Ltd.
  • Crawford, C.M., & Di Benedetto, C.A. (2003). New products management (7th ed.). Homewood, IL: Richard D. Irwin.

Journal References

  • Brandweek
  • Business Horizons
  • Business Week
  • European Journal of Innovation Management
  • Financial Times
  • Fortune
  • Harvard Business Review
  • Industrial Marketing
  • Wall Street Journal
  • Journal of Business Research
  • Journal of Business Strategy
  • Journal of Consumer Marketing
  • Journal of Consumer Research
  • Journal of Marketing
  • Journal of Marketing Research
  • Journal of Product Development and Brand Management
  • Journal of Product Development and Innovation Management
  • Journal of Services Marketing
  • Management Science
  • Marketing News
  • Sales and Marketing Management
  • Advertising Age
  • Advances in Product Management
  • Journal of Brand Management

^ Mandatory reference


Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

MKT6304|2|2