Category: Product Development

Introduction There is a need to properly address customers’ wishes while developing software. The customers’ needs are constantly evolving; hence it is common practice to address these needs first. However, this could potentially lead to disastrous consequences as security measures are placed as the second priority. Therefore, leading IT companies that specialize in software development…

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 on growth and profitability (“10.2 Where do…

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 ideas put forward about a new…

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. Introduction of IT enabled grid technology would bring…

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 commercialization. The ideas for a…

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, and market outcomes (Golder & Mitra, 2018).…

Introduction World is becoming complex though the technology has been keeping its effort continuously to make the life easier. People are now living in such an environment where everybody is busy to run the life in a higher status then the existing. In these busy days, the people have no time left to care about…

Background The rapid progress in the development of new technologies over the last three decades such as the Radio-Frequency Identification (RFID) payment technology, which is used in banking and other industries have dynamically shifted to the digitalised systems. For example, in the last few years, Radio-Frequency Identification (RFID) payment technology has widely been integrated into…

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 the hospitality facilities. The Easy…

‘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, growing all sorts of apples…