Posts tagged "New Product Development"

Concepts of New Product Development

New Product Development:
New Product Development provides a holistic framework of the strategies, structures, and processes of new product development. The product idea concept is first developed from market and consumer research but with consideration of the technical aspects of the product. Usually, it is a combination of internal company information searching combined with consumer or, in industrial marketing, customer discussion groups. In industrial product development, it has been shown that selecting the most innovative customers for product concept development reduces the time and improves the product concepts. The product idea concept research leads to a more detailed description of the product ideas and also includes screening of the ideas. Read more…

Share Button

1 comment - What do you think?
Posted by Ataul Islam - November 24, 2013 at 5:36 am

Categories: Garment Industry   Tags: