New Product Development
New product development describes the complete process of bringing a new product or service to market. There are two parallel paths involved in the process: one involves the idea generation, product design and detail engineering; the other involves market research and marketing analysis.
Read more about this topic: Product Innovation
Famous quotes containing the words product and/or development:
“He was the product of an English public school and university. He was, moreover, a modern product of those seats of athletic exercise. He had little education and highly developed musclesthat is to say, he was no scholar, but essentially a gentleman.”
—H. Seton Merriman (18621903)
“I could not undertake to form a nucleus of an institution for the development of infant minds, where none already existed. It would be too cruel.”
—Henry David Thoreau (18171862)