Briefly explain the different methods for developing a new product, gi

Question

Briefly explain the different methods for developing a new product, giving suitable examples.

24 Nov 2020

Answer :

Word Count : 658

Product development typically refers to all of the stages involved in bringing a product from concept or idea, through market release and beyond. In other words, product development incorporates a product’s entire journey, including:

Identifying a market need

Conceptualizing and designing the product

Building the product roadmap

Developing a minimum viable product (MVP)

Releasing the MVP to users

Iterating based on user feedback

Factors determining Product Development

1. Customer requirements:

Product design has to give due respect to the requirements of customers. So designers has to ensure that the product they design suits the convenience of customers for use. The product design has to be in a way that they can be used in all conditions.

2. Facility to operators

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