Postgraduate Course: Product Development (PGSP11478)
|School||School of Social and Political Science
||College||College of Arts, Humanities and Social Sciences
|Credit level (Normal year taken)||SCQF Level 11 (Postgraduate)
||Availability||Available to all students
|Summary||The development of innovative new services and products based on new technologies has become a fundamental of activity in the private, public and non-profit sectors. It is an interdisciplinary process that integrates design, business planning and marketing from the outset. Product developers need to understand how to use their human and technical assets to create long term value for potential customers supporters (senior management, financiers, business partners etc) and intermediaries.
This requires not only design of a product, but development of services, a business model, future development paths, and the assembly of a network of complementary elements and supporters. This course uses insight from studies of science, technology and innovation to give students conceptual insights and practical tools to work on these problems. The course will critically examine tools and concepts used in practice and analysis, and students will develop practical skills through a group product development project.
Introduction and Basic concepts- Understand basic concepts in Markets and innovation; Products and services
Understanding users and concepts of Customer need and value; Building evidence and relationships;
Product Differentiation: practice and approaches
Market positioning and power of analysts and intermediaries : Understanding the use of and development of ratings, and use of 2x2 matrix in market positioning and communication
Product demonstrations: Gain insights in to practice of communicating your product
Evidence: Learn about assembling evidence of value for multiple stakeholders, focusing on evidence of outcomes and impact.
Making a business investable: Developing a business plan for your product: what potential investors (business angels, crowdfunding etc) need to hear, including
Powerpoint Communicating your product in a Powerpoint presentation
Discovering the User Understand techniques and practice of engaging with user base
Future product trajectoriesL Moving to a different sector (gentrification), Explore issues relevant to creating generic products from specialised products
Presentation of business proposal classwork
Presentation of group project, focusing on presentation style and building a strong pitch using evidence and engagement techniques.
Entry Requirements (not applicable to Visiting Students)
||Other requirements|| None
Information for Visiting Students
|High Demand Course?
Course Delivery Information
|Not being delivered|
On completion of this course, the student will be able to:
- Understand the strategic importance of matching the design of products and marketing strategy with potential customer/user needs through communication and research.
- Identify and develop key elements involved in developing and taking a product or service to market, including understanding the potential users, creating the value proposition, and creating a business model.
- Find, commission or collect and prepare different types of evidence to support the development and marketing of a product or service.
- Shape this evidence to address and build relationships with different relevant actors including corporate and governmental customers, platform controllers, regulators, analysts and financiers.
- Be able to use a variety of techniques to present a product and business proposition to different audiences.
|Graduate Attributes and Skills
||Students will gain key transferable skills to be able to:
- Generate and develop innovative ideas in unfamiliar fields.
- Work in a team to develop a successful project concept.
- Critically deploy a variety of techniques to present a product and business proposition to different audiences (including corporate and governmental customers, platform controllers, regulators, analysts and financiers), and understand how and when each is appropriate.
- Identify and strategically develop key elements involved in developing and taking a product or service to market, including engaging the potential users, creating the value proposition, and creating a business model.
- Commission or collect and prepare different types of evidence to support the development and marketing of a product or service in business or public sector.
|Course organiser||Dr Gian Campagnolo
Tel: (0131 6)51 4273
|Course secretary||Mr Adam Petras