Category: Product Development

Product Development Categories in the Real World The development or improvement of any product starts with an idea and estimation of how this product will be able to benefit consumers and satisfy their needs. Traditionally, new ideas are introduced by small businesses and entrepreneurs  they aim to take their niche in the market focusing…

Major Stages of New Product Development The process of new product development has eight major stages and starts from idea generation. It involves a systematic search for ideas about new products, which is carried out mainly on the basis of internal sources of the organization. Then comes the idea screening: an analysis of all the…

New Product Development Process and Its Stages The new product development (NPD) process is critical to the emergence of new companies and the growth of existing organizations. To rationalize this process and derive the highest possible benefit from it, businesses structure it into several discrete stages, such as idea generation, market analysis, product development, commercialization,…

Licious Whiskers: Product Development Proposal Licious Whiskers  is a new alcoholic beverage product that will find a wide audience of connoisseurs of refined tastes among residents of Tennessee. Production will be established in Sevierville, TN, the area known as the heart of apple gardens. There are over a dozen apple gardens in the area,…

The New Product Development Process The new product development is a compound process that consists of diverse stages directed to collecting and analyzing the data related to the market and developing a profitable offer based on the research. Each product development process includes such stages as idea generation, idea screening, feature specification, development, testing, and…

Zeng Companys New Product Development Introduction The following is a new product development strategy and analysis that was designed by Zeng Research and Development Company. The company is developing hospitality management software for the hotels to enable easy execution of their services. The software name is the Easy Tour designed to improve tourists experience in…

Grid Technology Based Inventory & Product Development System Table of Contents Abstract Introduction Background Review Personal Recommendation Conclusion References Abstract A proper Product Development System is key to higher profit and better resource management. The system is basically an active control program through which all the three aspects of business i.e., sales, purchases and business.…

Main Aspects of New Product Development Table of Contents Classification of the New Product Consumers and Stakeholders Business Model Canvas Minimum Viable Product Solar-Powered Electric Toothbrush Conclusion Works Cited At a new workplace, it is important to prove people ones professionalism. The new product development process requires its managers to be competent in different areas.…

Philosophy in the Product Development Process The analysis of the world philosophical approach props up against the rationale and grounding of a definite idea. In this respect the fundamentals of philosophy and its implementation in the world of business affairs are viable. The situation of today constitutes that there are more points on making achievements…

Product Development: Process and Recommendations Table of Contents Process of new product development and structure Recommendations for the process strategy Recommendations for the project strategy Reference list Companies are always trying to attain new markets for more revenues and the most productive way of doing this is through the launch of new products. Due to…