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9.4.2 Improving process evolution using ideas from the Venture Capital industry
Author(s) -
Rogers Derek,
Beukman Piet
Publication year - 2005
Publication title -
incose international symposium
Language(s) - English
Resource type - Journals
ISSN - 2334-5837
DOI - 10.1002/j.2334-5837.2005.tb00758.x
Subject(s) - neglect , process (computing) , window of opportunity , resource (disambiguation) , business , process management , investment (military) , product (mathematics) , venture capital , capital investment , industrial organization , risk analysis (engineering) , computer science , finance , political science , medicine , computer network , geometry , nursing , mathematics , real time computing , politics , law , operating system
This paper provides a coherent framework for process evolution and new product introduction. The approach overcomes common limitations with process evolution including: Opportunity driven; rather than directly linked or driven by an organisation's strategic goals. Non‐standard methods within an organisation, for example, in the approach used for calculating return on investment if such explicit calculation exists. Neglect of resource availability, skill needs and organisational change management. Neglect of the timeliness or window of opportunity.