31
Developing a new product Encompass 25 th March 2014

4. grant king wide_blue__developing_a_product_25_march2014

Embed Size (px)

DESCRIPTION

 

Citation preview

Page 1: 4. grant king wide_blue__developing_a_product_25_march2014

Developing a new productEncompass

25th March 2014

Page 2: 4. grant king wide_blue__developing_a_product_25_march2014

2

Who are Wideblue and what do they do

Monday 10 April 2023 2

Page 3: 4. grant king wide_blue__developing_a_product_25_march2014

3

Some of the team

Monday 10 April 2023 3

Page 4: 4. grant king wide_blue__developing_a_product_25_march2014

4

Some examples of products we’ve designed

Monday 10 April 2023 4

Customers range from lone inventors to SMEs to Multinational organisations

Products range from underwater barnacle scrapers to synthetic DNA assembly systems

Page 5: 4. grant king wide_blue__developing_a_product_25_march2014

5

What we used to do

Monday 10 April 2023 5

Page 6: 4. grant king wide_blue__developing_a_product_25_march2014

6

Developing a product – some basic things to consider

• What makes a product commercially viable?

• Understanding the process

• Understanding the costs

• A real life example

• Some final thoughts

Friday, 11 May 2012 6

Page 7: 4. grant king wide_blue__developing_a_product_25_march2014

7

What makes a product commercially viable?

Friday, 11 May 2012 7

Apple Newton, August 1993-1998Estimated maximum units in use - 200K

Page 8: 4. grant king wide_blue__developing_a_product_25_march2014

8

What makes a product commercially viable?

Friday, 11 May 2012 8

Apple iPhone 4s, October 2011Pre-orders top 1 million in first 24 hours

First weekend sales top 4 million

Apple Newton, August 1993-1998Estimated maximum units in use - 200K

Page 9: 4. grant king wide_blue__developing_a_product_25_march2014

9

What makes a product commercially viable?

Friday, 11 May 2012 9

M A R K E T D E M A N DS E L L I N G P R I C EP R O F I T M A R G I NU S E R B E N E F I T S

R E L I A B I L I T Y

T E C H N O L O G Y

• It’s easier to commercialise an idea based on market demand than an idea based on technology push

• There needs to be a strong and robust business case

• Think user benefits rather than product features

• The product obviously has to work and be simple and reliable to use

• Technology is an enabler for all of the above

Page 10: 4. grant king wide_blue__developing_a_product_25_march2014

10

Understanding the process

Friday, 11 May 2012 10

progress

CONCEPTS

FEASIBILITY

SYSTEM DESIGN

DETAIL DESIGN FOR MANUFACTURE

MANUFACTURE START-UP

STEADY STATE MANUFACTURE

PROJECT MANAGEMENT

SUPPLY CHAIN MANAGEMENT

DESIGN RISK MANAGEMENT AND PRODUCT ROBUSTNESS

SKETCHES RIGS TECHNOLOGY DEMONSTRATOR WORKING PROTOTYPES PRODUCT FOR SALE

REQUIREMENTS AND SPECIFICATION

CON

CEPT REVIEW

GO

/ NO

-GO

DESIG

N REVIEW

DESIG

N FREEZE

APPROVAL FO

R SALE

DESIGNMANUFACTURE / COMMERCIALISATION

FEASIBILITYCONCEPT

Page 11: 4. grant king wide_blue__developing_a_product_25_march2014

11

PRODUCT FOR SALE

CON

CEPT REVIEW

Understanding the process

Friday, 11 May 2012 11

CONCEPTS

FEASIBILITY

SYSTEM DESIGN

DETAIL DESIGN FOR MANUFACTURE

MANUFACTURE START-UP

STEADY STATE MANUFACTURE

PROJECT MANAGEMENT

SUPPLY CHAIN MANAGEMENT

DESIGN RISK MANAGEMENT AND PRODUCT ROBUSTNESS

SKETCHES RIGS TECHNOLOGY DEMONSTRATOR WORKING PROTOTYPES

REQUIREMENTS AND SPECIFICATION

GO

/ NO

-GO

DESIG

N REVIEW

DESIG

N FREEZE

APPROVAL FO

R SALE

Page 12: 4. grant king wide_blue__developing_a_product_25_march2014

12

Understanding the process

Friday, 11 May 2012 12

Technical

Page 13: 4. grant king wide_blue__developing_a_product_25_march2014

13

Understanding the process

Friday, 11 May 2012 13

Technical

Marketing

Page 14: 4. grant king wide_blue__developing_a_product_25_march2014

14

Understanding the process

Friday, 11 May 2012 14

Technical

Marketing

Financial

Page 15: 4. grant king wide_blue__developing_a_product_25_march2014

15

Understanding the costs

Friday, 11 May 2012 15

Proof of Concept

Concept

Feasibility

“Research” “Product Design”

Time

ManufactureDetail

Design

Nu

mb

er o

f p

eop

le i

n t

he

de

sig

n t

eam

Page 16: 4. grant king wide_blue__developing_a_product_25_march2014

16

Understanding the costs

Friday, 11 May 2012 16

Proof of Concept

Concept

Feasibility

“Research” “Product Design”

Time

ManufactureDetail

Design

Nu

mb

er o

f p

eop

le i

n t

he

de

sig

n t

eam

Page 17: 4. grant king wide_blue__developing_a_product_25_march2014

17

Understanding the costs

Friday, 11 May 2012 17

Proof of Concept

Concept

Feasibility

“Research” “Product Design”

Time

ManufactureDetail

Design

Nu

mb

er o

f p

eop

le i

n t

he

de

sig

n t

eam

Page 18: 4. grant king wide_blue__developing_a_product_25_march2014

18

Understanding the costs

Friday, 11 May 2012 18

Proof of Concept

Concept

Feasibility

“Research” “Product Design”

Time

ManufactureDetail

Design

Nu

mb

er o

f p

eop

le i

n t

he

de

sig

n t

eam

Page 19: 4. grant king wide_blue__developing_a_product_25_march2014

19

Understanding the costs

Friday, 11 May 2012 19

Proof of Concept

Concept

Feasibility

“Research” “Product Design”

Time

ManufactureDetail

Design

Nu

mb

er o

f p

eop

le i

n t

he

de

sig

n t

eam

Page 20: 4. grant king wide_blue__developing_a_product_25_march2014

20

Understanding the costs

Friday, 11 May 2012 20

Proof of Concept

Concept

Feasibility

“Research” “Product Design”

Time

ManufactureDetail

Design

Nu

mb

er o

f p

eop

le i

n t

he

de

sig

n t

eam

Page 21: 4. grant king wide_blue__developing_a_product_25_march2014

21

Understanding the costs

Friday, 11 May 2012 21

Proof of Concept

Concept

Feasibility

“Research” “Product Design”

Time

ManufactureDetail

Design

Mo

ney

in

vest

ed

Materialspurchase

Page 22: 4. grant king wide_blue__developing_a_product_25_march2014

22

Case study, enlightened breast awareness

Friday, 11 May 2012 22

Breastlight is a new health and wellbeing product for women. It helps women notice changes in their breasts over time.

The product works by shining a bright red light through the breast tissue.

The light passes through the breast tissue and reveals dark areas where blood is present.

It is therefore quite normal to see a pattern of veins, but if there is a dark cluster this is a potential abnormality that should be checked out.

Page 23: 4. grant king wide_blue__developing_a_product_25_march2014

23

Breastlight stage 1, Concept

Friday, 11 May 2012 23

WHAT DOES THE PRODUCT LOOK LIKE AT THIS STAGE?

WHO INFLUENCES THE DESIGN?

PROJECT MANAGEMENT TOOLMAIN ACTIVITIES

Inventors

End users

Sales / marketing

Product design team

Concept selection matrix

Shortlist promising concepts

Define selection criteria

Rank each concept against each criteria

Explore and develop the product concept

Refine the business concept

Define the business model

Plan the organisation – in-house vs outsourced

Page 24: 4. grant king wide_blue__developing_a_product_25_march2014

24

Breastlight Stage 2, Feasibility

Friday, 11 May 2012 24

WHAT DOES THE PRODUCT LOOK LIKE AT THIS STAGE?

WHO INFLUENCES THE DESIGN?

PROJECT MANAGEMENT TOOLMAIN ACTIVITIES

Market research team

End users

Product design team

Regulatory advice

Functional review Assess the product in “functional blocks”

Structured risk assessment of failure modes

Focus on interfaces between functions

Stress-test the business modelMarket and user researchRisk assessments – product, safety and marketProof of principle demonstrationsEngineering models and prototypes

Page 25: 4. grant king wide_blue__developing_a_product_25_march2014

25

Breastlight Stage 3, Design

Friday, 11 May 2012 25

WHAT DOES THE PRODUCT LOOK LIKE AT THIS STAGE?

WHO INFLUENCES THE DESIGN?

PROJECT MANAGEMENT TOOLMAIN ACTIVITIES

Product design team

End users

Marketing

Regulatory

Key suppliers

Bill of materials databaseDesign and development engineering:Electronic, mechanical, aesthetic, user-interface, software, optical, thermal analysis, etc.

Make or buy decisionsDesign verification testingEngineering pilot

Components, materials, suppliers, manufacturers, costs, price breaks, minimum orders, equivalents, issue levels, etc.

A special-purpose database is more flexible than Excel spreadsheets

Page 26: 4. grant king wide_blue__developing_a_product_25_march2014

26

Breastlight Stage 4, Manufacturing / Commercialisation

Friday, 11 May 2012 26

WHAT DOES THE PRODUCT LOOK LIKE AT THIS STAGE?

WHO INFLUENCES THE DESIGN?

PROJECT MANAGEMENT TOOLMAIN ACTIVITIES

Supply chain

Product design team

Packaging and instructions design team

Manufacturing team

Sales / marketing

Supply chain risk assessment

Always have a plan B

Include RoHS compliance checks

In-house or sub-contract decisions

Manufacturing pilot

Manufacturing inception and scalability

Web sales, distribution, high street retail

Page 27: 4. grant king wide_blue__developing_a_product_25_march2014

27

Breastlight, the ongoing story

Friday, 11 May 2012 27

• Soft launch in Q3 2008 to health professionals and WI

• Launch announcement in Q4 2008– John Swinney / Scotland Today– London press launch– ITV1, This Morning, Dr Chris Steele

• 1,000 web sales in Q4 2008

• First retail sales Q2 2009, full launch in mass retail for mid 2009 in UK and Canada

• Sold through Boots in the UK High street October 2009 onwards

• Total of 20K units sold across 11 different countries by Q2 2010

• Cloned by a Chinese company and sold as Breastangel

• Hit cash crises mid 2010, sold to Huddersfield based Zulfkar Akram owner of Ultralife Healthcare, currently being successfully marketed in India and Pakistan

Page 28: 4. grant king wide_blue__developing_a_product_25_march2014

28

Some final thoughts

Friday, 11 May 2012 28

Its not always about the technology

Page 29: 4. grant king wide_blue__developing_a_product_25_march2014

29

Some final thoughts

Friday, 11 May 2012 29

Its not always about the technology

Its important to know where you are in the process

Page 30: 4. grant king wide_blue__developing_a_product_25_march2014

30

Some final thoughts

Friday, 11 May 2012 30

Its not always about the technology

Its important to know where you are in the process

Its important to understand the costs

Page 31: 4. grant king wide_blue__developing_a_product_25_march2014

31

Email: [email protected]

Website: www.wide-blue.com

Follow wideblue_design on

Friday, 11 May 2012 31

Questions?