While Lean principles have been known and applied in a variety of manufacturing processes, the applications in product development have been slower to come. Several companies have also applied Lean to ...

Product development may be understood generically as all the things that happen from the initial conception or invention of a product to the point when a product is launched into the market. It can ...

The small business environment today is very dynamic and competitive, and new product development is a crucial process if you want to survive. For small enterprises to withstand competition from ...

A product development strategy provides a framework for creating new products or improving the performance, cost or quality of existing products. The strategy helps a company achieve business goals, ...

In product development, what does it mean to "transition to industry"? Transition to industry is the process of adapting a promising technology from a small-scale academic project to a successful ...

TUKWILA, WASH. – Speed is a key component of the new product development process today. The days of ideation and innovation taking place over a long period of time are gone. The process is now ...

Technology products are not static. They evolve in response to shifts in the market or changing customer expectations. The most successful companies prioritize product development to maintain a ...

The automaker routinely develops outstanding vehicles, then allows them to age into irrelevance while competitors improve.

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Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Product development brings with it many misconceptions about what the process is truly like ...