AA ITEM-consist in re-submitting the Assessment 2 (Report only) from 201430 session and reaching a Pass markLength: 3000 words maximumDue date:25/8/2014Submission method :TurnitinTaskNew product development is one of the riskiest, yet most important activities that a company can undertake. For this reason, there is significant interest and research on how companies can improve their chances of success in NPD.Focus on creating an individual written report of 3,000 words. Part B is an online presentation on success factors in new product development.Critically evaluate the new product development practice of your own organisation or any other organisation with which you are familiar. If do not have access to a workplace choose a product you are aware of that has either been a success or a failure and use secondary researchto provide necessary information.Draw on the literature you have been studying on the new product development models and factors for success in NPD to help you develop a framework with which to analyse your chosen organisation in detail.As well as making your own observations, conduct at least 3 interviews with a range of relevant parties such a customers, suppliers and/or company employees.These interviews are aimed at further developing your understanding of this organisation’s NPD practices and providing multiple perspectives on key issues and concerns. The findings from your interviews will help you to support your arguments and justify your recommendations.Please include details of the people you interview, the questions asked and a summary of your findings in an appendix.Give a detailed analysis of the organisation’s new product development practice and make recommendations for potential improvements in this practice.In the final 500 words of this assignment, reflect on how your understanding of NPD has been enhanced by your experience in completing this task. This should be a personal reflection including such aspects as, for example, whether this has changed your views about what is important in NPD, whether you have a greater understanding of diversity of opinions in the organisation, whether you understand this organisation’s NPD processes differently as a result of undertaking this work or any personal impact doing this assignment has had onyou.RationaleThis assignment is designed to give you the opportunity to examine in detail how new product development works in practice. Focussing on a particular organisation gives you the opportunity to appreciate how the particular context that a business operates in will influence the way it conducts NPD.