Impact of the Synergy between Technology Management and Technological Capability on New Product Development: A System Dynamics Approach

Abstract

This paper employs system dynamics to explore how the synergy between technology management and technological capability affects new product development. The results show that the synergy between technology management and technological capability has positive impact on new product development. Moreover, the leading synergy processes between technology management and technological capability in different new product development stages are different. This paper deepens the theoretical understanding of how to achieve new product development, and also provides useful guidance for firms to implement new product development.