The new-product-development process in 7 steps
1. Idea generation
2. Market Research
3. Planning
4. Prototyping
5. Sourcing
6. Costing
7. Commercialization
Although the product development process differs by industry, it can essentially be broken down into seven stages: ideation, research, planning, prototyping, sourcing, costing, and commercialization.
1. Idea generation
2. Market Research
3. Planning
4. Prototyping
5. Sourcing
6. Costing
7. Commercialization
Although the product development process differs by industry, it can essentially be broken down into seven stages: ideation, research, planning, prototyping, sourcing, costing, and commercialization.