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Constant innovations in product markets

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Reference no: EM131821898

Read about the product and answer the question below

Innovative Product Development -  There are constant innovations in product markets and products move through the Product Life Cycle. This week, we'll review one new and innovative products and look at both the production function and the innovation function during the Product Life Cycle.

Product Details:

Checking your blood alcohol content with a breathalyzer while out with some friends might just be a party trick - but if you really wanted to know it to figure out whether or not you should have another drink, it might be awkward to pull one out. Milo Sensors is a company built around wearable sensors that detects various chemicals in your body based on perspiration from your skin with this wristband. Current production orders: 1,000,000/month (no major changes to product possible)

  1. What need is the new product trying to fill? Do you think it will meet that need?
  2. What type of innovation does the new product represent? (eco-friendly, frugal, sustaining, disruptive, or breakthrough)
  3. Of the manufacturing and production methods (job production, batch production, flow production, mass customization, continuous production, or hybrid processes) which one would you recommend for the product you chose and why?

Reference no: EM131821898

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