• INNOVATION POLICY AND INNOVATION MANAGEMENT

    Risk Driven Design of Technical Product

    Innovations, Vol. 11 (2023), Issue 2, pg(s) 53-55

    Technical Products that companies put on the market must be competitive and must find their way to the customer or the customer must find their way to them. In the vast majority, these are new products or innovated existing products that can offer the customer added value compared to the competition and, above all, induce in him the desire to purchase the product and not just include it in the selection of other competitive products. During the development process of these products, it is necessary to take into account the entire life cycle of the product and not only its operational functions and other operational characteristics, which is quite often neglected. There exist a lot of engineering design methodologies, methods and/or tools implemented in guidelines and standards which help engineering designers to innovate products and to reduce constructional, safety, environmental, etc. risks of Designed (future) Technical Products. Their common feature is especially high dependence on specialized experience of their users, time consuming, and their mutual both conceptual and terminological inconsistency resulting in very difficult compatibility with engineering designing itself.