the revitalization of a product through the introduction of a new concept or consumer benefit. Product development is part of the product life cycle. The concepts or benefits that can be implemented range from modification of the product to simply introducing new packaging.
From the executive summary: ‘Implementing sustainable growth via successful new product development programs requires more than competent technical development. Various methodologies such as Stage Gate Processes have been developed to help businesses better manage the actual development process. However, before new product development initiatives are begun, a business should understand...
Development of new products is a necessity due to turbulent markets, fast product cycles, and disruptive technologies. In order to remain competitive, companies have to be innovative and create new products as well as improve existing ones incrementally. Product concepts are considered to be proposals intended for commercialization within a...
Product Managers are in the unique position of having dual citizenship, with passports for both Marketing land and Development land. In fact, you find you can't predict whether a company will have its Product Manager positions reporting into Marketing or Development. The truth is that a fully mature product management...
Product management involves the management of product features, brand, warranty, and services of the particular product. All products go through a product life cycle and, with time, gradually die down. It is essential for the organization to analyze the product life cycle on a regular basis and come up with...
The low rate of innovation and high rate of failure of new food products is a cause for concern. Whilst a wide range of product development process factors are known to influence product success and failure, these predictors are based almost exclusively upon investigations into 'industrial' rather than food products....
With more and more global stakeholders now taking part in product development, team collaboration and communication are more critical than ever to driving competitive advantage. By forming efficient product development teams, companies are able to make better-informed decisions - and capitalize on new opportunities faster. What's the best approach to...
The marketing mix of an organization involves examining the product, price, promotion, and place aspects. Of these, the product aspect entails the consideration of product features, brand, warranty, and services of the particular product. All products go through a product life cycle and, with time, gradually die down. It is...
Product development organizations seek to create profitable product designs. This paper discusses how the decomposition of the profit maximization problem leads to traditional product development processes. Decomposition provides a framework that integrates the conceptual models of decision-based design and the traditional description of product development processes. This paper identifies the...
Product development is the process of designing, building, operating, and maintaining a good or service. Software and Internet companies use a product development process to ensure that they are not just manufacturing a technology, but creating a product that people will want to buy and continue to use. To be...
From the executive summary: ‘Simulation and math modeling will continue to evolve in the collaboration between product development and production. Having a common set of geometry data for developing designs and supplier components goes a long way in allowing production to be working on tooling and simulating assembly processes concurrently...
This paper makes recommendations on how product success can be improved and development time reduced with an adapted product development process. One of the biggest time compression opportunities revealed is to run the reprographics process in parallel with the product development processes, reducing an existing ten week bottleneck. Another key...
This paper presents and describes the existing measures for apparel product development in the year 2001. The evolvements of the types of measurements are examined through the 1990's. The increase in the interest and changing emphasis in the area of product development is examined by analyzing the patent activity from...
Successful launch of product development hinges heavily on cautious planning, unambiguous characterization, and effectual communication. The said elements become more crucial if a person wants product development outside the precinct of his or her company or organization. In order to completely define a person's outsourced product development projects and accordingly...
This paper discusses the increased importance of time-to-market for medical products, and shows that successful product development requires additional focus in four areas; the product requirements phase must be addressed with increased formalism, this formalism must then be extended through the software requirements phase, evaluation of the software architecture must...
At present there is no widely applied method of measuring the ongoing performance of product development as a whole. However, there have been some attempts to do this -- at different levels within the product development process or company. By failing to adopt an effective set of measures for managing...
DUBLIN, Ireland & WALTHAM, Mass. -- IONAR Technologies (NASDAQ: IONA), a world leader in high-performance integration solutions for mission-critical IT environments, today announced that Stephanos Bacon has joined the company as Vice President, Product Development. In this role, Mr. Bacon brings more than two decades of software industry product development...
REDWOOD CITY, Calif. -- Niku Corporation (Nasdaq:NIKU) today announced that Autobytel Inc. (Nasdaq:ABTL), a leading automotive marketing services company, has selected ClarityTM from Niku to support its award-winning product development efforts. Autobytel, a recent winner of an AeA High-Tech Award for product innovation and the Stevie Award for Best Product...
One of the major challenges in managing new product development is the difficulty in measuring product development performance. "Although new product development projects are inherently multidisciplinary, studies of development projects typically adopt a singular functional perspective of performance. Inherent functional differences contribute to a natural tendency toward myopic evaluation of...
The pressures of globalization and consolidation are complicating the business of product development in almost every industry. But nowhere is the impact being felt more profoundly than in the development of sophisticated electronic products, where companies must synchronize increasingly complex, multi-discipline development environments. This paper gives a better understanding of...
Enjoy season-long live scoring and stats in CBSSports.com Free Fantasy Football
Choose up to 5" more legroom with Economy Plus. Starting at $14.
Innovative USB Sleep'n Charge. Stylish Fusion™ finish. Ultra-portable. It's clear why the Satellite® U405 is a smart choice for you and your small business. Only from the laptop expert, Toshiba.
