Product Development
Definition
Product Development is the complete process of bringing a new product to market, from ideation through design, development, and finally, launch.
Benefits
Product development involves bringing a new product to market, from ideation through design, development, and launch.
Frequently Asked Questions
What is the product development process process? The product development process involves bringing a new product to market, from ideation through design, development, and launch.
What are the 7 stages of the new product development process? The 7 stages of the new product development process are idea generation, idea screening, concept development, business analysis, product development, test marketing, and commercialization.
What are the 4 steps of product development? The four steps of product development are idea generation, product design, prototype development, and product launch.
Summary
Product Development involves bringing a new product to market from idea to launch.