Too Long; Didn't Read
Entrepreneurs seeking to remain relevant, efficacious and profitable must continuously conceive and develop new products that not only make it to the market, but also deliver great value to target audience members. When your product management team collaborates on developing a new product, following these eight stages of the new product development process will ensure ultimate productivity and drive the product’s overall marketability upon introduction. The goal of the idea generation stage is to come up with an idea that separates your business from the competition through enhanced affordability and reduced distribution costs.