--%>
Assignment Help - homework help

Product Development Process

What are the various steps or technical activities in the Product Development Process in an organizational framework?

E

Expert

Verified

Product development consists of technical activities of product research, engineering and design.  It is an important and continuous function thus requiring sound organizational framework.

Steps:

• Generation of new product ideas: the process of product development begins with an idea originating inside or outside the firm.

• Screening of Ideas: a quick review of all product ideas are made to determine which of them deserves further consideration.

• Detailed Business Analysis: the ideas that are found promising after screening are then subjected to rigorous analysis in terms of commercial viability and technical feasibility.

• Product Development: once the product idea is found feasible and profitable, the product is developed and produced on sample basis. Thus an idea gets converted in a physical form.

• Test Marketing: the product is tested in selected market area to find the consumers’ reaction.

• Commercialization: after the product satisfies market tests, full scale production and marketing are undertaken. The product is finally born and its life cycle begins.

   Related Questions in Biology

  • Q : Define the term Relationship Management

    Relationship Management: It is a strategy employed by an organization in which a constant level of engagement is maintained among the organization and its spectators. Relationship management can be among a business and its customers (that is, customer

    		•
  • Q : Anatomy - Study of internal structure

    Anatomy deals with study of internal structure which can be observed with unaided eye after dissection. Anatomy is a branch of biology or medicine which is the consideration of the structure of living things. This is a general term which includes plan

    		•
  • Q : Action of hormone on uterus Specify the

    Specify the hormone which is liberated through the growing ovarian follicles? Explain the action of that hormone on the uterus?

    		•
  • Q : Events of the third mitotic period

    Write the major events of the third mitotic period?

    		•
  • Q : What do ADP and ATP signify What do ADP

    What do ADP and ATP signify? What are the roles of such molecules for cellular energetic metabolism?

    		•
  • Q : Relationship between inflammation and

    Describe the relationship between inflammation and fever?

    		•
  • Q : Internal Marketing Define the term

    Define the term Internal Marketing and what are the importance of Internal Marketing ?

    		•
  • Q : Metagenesis of Obelia and Aurelia In

    In metagenesis of Obelia and Aurelia what is the form which produces gametes? What is the form which replicates asexually?

    		•
  • Q : Traits Characterstics of

    Personality traits are enduring characteristics that describe and individual's behavior. The more consistent the characteristic and the more frequently it occurs in diverse situations, the more important that trait is in describing the individual. Several attempts have been made to isolat

    		•
  • Q : Free radical addition reaction How do

    How do you state free radical addition reaction? Give an illustration.

    		•