2. Company’s Project typology
The Company has also its own project types taxonomy. Those that end up with new products are:
Line extension – Projects with the objective of modifying minor characteristics of existing products in the portfolio. Clients or potential clients usually request projects in this category.
Application development – Projects with the objective of developing a new blend or mixture of existing products, so that it can be used in a determined market with the requested chemical and physical characteristics. Clients or potential clients usually request projects in this category.
Innovation – Projects that aim at developing new molecules, new feed stocks or new productive processes, which may result in new platforms for new or existing products. Products in this category are usually born inside the company – by means of market knowledge of its researchers – and its outcomes are offered to the market once the technology is dominated.
It is important to note that Innovation projects may lead to Application and Line Extension projects once the studied technology is dominated. Innovation projects rarely reach the Launch phase, as its goal is not a new product, but rather a new competence, which will make possible a series of new
products and applications.
2. Company’s Project typologyThe Company has also its own project types taxonomy. Those that end up with new products are:Line extension – Projects with the objective of modifying minor characteristics of existing products in the portfolio. Clients or potential clients usually request projects in this category.Application development – Projects with the objective of developing a new blend or mixture of existing products, so that it can be used in a determined market with the requested chemical and physical characteristics. Clients or potential clients usually request projects in this category.Innovation – Projects that aim at developing new molecules, new feed stocks or new productive processes, which may result in new platforms for new or existing products. Products in this category are usually born inside the company – by means of market knowledge of its researchers – and its outcomes are offered to the market once the technology is dominated.It is important to note that Innovation projects may lead to Application and Line Extension projects once the studied technology is dominated. Innovation projects rarely reach the Launch phase, as its goal is not a new product, but rather a new competence, which will make possible a series of newproducts and applications.
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2. Company’s Project typology
The Company has also its own project types taxonomy. Those that end up with new products are:
Line extension – Projects with the objective of modifying minor characteristics of existing products in the portfolio. Clients or potential clients usually request projects in this category.
Application development – Projects with the objective of developing a new blend or mixture of existing products, so that it can be used in a determined market with the requested chemical and physical characteristics. Clients or potential clients usually request projects in this category.
Innovation – Projects that aim at developing new molecules, new feed stocks or new productive processes, which may result in new platforms for new or existing products. Products in this category are usually born inside the company – by means of market knowledge of its researchers – and its outcomes are offered to the market once the technology is dominated.
It is important to note that Innovation projects may lead to Application and Line Extension projects once the studied technology is dominated. Innovation projects rarely reach the Launch phase, as its goal is not a new product, but rather a new competence, which will make possible a series of new
products and applications.
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