Product Development

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Title: Product Development

Essay Details:

Subject: Technology

Author: Gerald S

Date: December 8, 2016

Level: University

Grade: A

Length: 6 / 1546

Essay text:

Product development is the set of activities beginning with the perception of a market opportunity and ending in the production, sale and delivery of a product. It is often used in engineered, discrete, physical products such as television sets and automobiles. Product development is divided into four stages: 1. Initiation Stage The goal of the initiation stage is to identify a new business opportunity. Projects go through two phases in this stage: knowledge prebuild, and concept development. At the knowledge prebuild phase, planning groups comprised of marketing and design representatives match market opportunities and available technology...

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