On the Development of a Theoretical Framework for New Product Development

Lixin Wang, Athanassios Kourouklis


New Product Development (NPD) is critical for a firm’s survival and development. As firms are increasingly challenged by internal deficiencies and paucities of knowledge resources, they need to embrace open in-novation strategies. Subsequently, involving suppliers and customers into the process of NPD has been viewed as the most effective means by which internal and external knowledge resources can be optimally leveraged. However, there is a lack of available and reliable mechanisms to facilitate this process. This paper presents a comprehensive theoretical framework developed by harmoniously combining the relevant theoretical fields of Knowledge Management (KM), Open Innovation (OI), Supply Chain Management (SCM) and Product Lifecycle Management (PLM). Additionally, within this framework, Knowledge Audit, Knowledge Calibration and Knowledge Absorption have been employed as valuable tools to manage knowledge loops across the three innovation stages: pre-acquisition, in-acquisition and post-acquisition.


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Paper Citation

in Harvard Style

Wang L. and Kourouklis A. (2012). On the Development of a Theoretical Framework for New Product Development . In Proceedings of the International Conference on Knowledge Management and Information Sharing - Volume 1: KMIS, (IC3K 2012) ISBN 978-989-8565-31-0, pages 49-59. DOI: 10.5220/0004136400490059

in Bibtex Style

author={Lixin Wang and Athanassios Kourouklis},
title={On the Development of a Theoretical Framework for New Product Development},
booktitle={Proceedings of the International Conference on Knowledge Management and Information Sharing - Volume 1: KMIS, (IC3K 2012)},

in EndNote Style

JO - Proceedings of the International Conference on Knowledge Management and Information Sharing - Volume 1: KMIS, (IC3K 2012)
TI - On the Development of a Theoretical Framework for New Product Development
SN - 978-989-8565-31-0
AU - Wang L.
AU - Kourouklis A.
PY - 2012
SP - 49
EP - 59
DO - 10.5220/0004136400490059