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Product Development

    Product Development Editor's Picks

    • Careers in the Textile Industry

      Professionals in the textile industry work with linen, clothing garments and accessories, as well as with furniture and upholstery. Careers in the industry and cover a broad range of products and services. Jobs include press operators, dry cleaners, tailors, machine setters, shoe repair persons, dye operators, knitters and fashion... more »

    • How to Start a Fashion Design Business

      This how-to article was created to prep people who are interested in taking the leap to start their own fashion design business. It provides information and suggestion to help launch, design and market a fashion line. more »

    • Product Experience Strategy

      A Product Experience Strategy defines all aspects of the interaction with a product ranging from expectations to usage. You can evolve your product strategy based on customer feedback. The key is integrating customer experience access points and creating action plans to address shortcomings in a timely way while assuring customers... more »

    • How to Do QA Testing

      Quality Assurance (QA) is the process manufactures and creators of products use to guard against errors. Specifically, QA is used to assess the quality of the different stages of product creation, from research and development to product launch (also called "end of life" or EOL). Different industries use different types of QA... more »

    • Jobs in Cosmetics

      A job in cosmetics is not a career for the shallow or beauty obsessed. In fact, if you have outstanding people skills and enjoy the personal care industry, a career in cosmetics may be your ideal track. Whether creating the products in a laboratory or introducing the latest lipstick color at a beauty counter, a career in cosmetics is... more »

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    Wikipedia

    New product development

    In business and engineering, new product development (NPD) is the term used to describe the complete process of bringing a new product or service to market. There are two parallel paths involved in the NPD process: one involves the idea generation, product design, and detail engineering; the other involves market research and marketing analysis. Companies typically see new product development as the first stage in generating and commercializing new products within the overall strategic process of product life cycle management used to maintain or grow their market share.

    The process

    #Idea Generation is often called the "fuzzy front end" of the NPD process
    #*Ideas for new products can be obtained from basic research using a SWOT analysis (Strengths, Weaknesses, Opportunities & Threats), Market and consumer trends, companys R&D department, competitors, focus groups, employees, salespeople, corporate spies, trade shows, or Ethnographic discovery methods (searching for user patterns and habits) may also be used to get an insight into new product lines or product features.
    #*Idea Generation or Brainstorming of new product, service, or store concepts - idea generation techniques can begin when you have done your OPPORTUNITY ANALYSIS to support your ideas in the Idea Screening Phase (shown in the next development step).
    #Idea Screening
    #*The object is to eliminate unsound concepts prior to devoting resources to them.
    #*The screeners must ask at least three questions:
    #**Will the customer in the target market benefit from the product?
    #**What is the size and growth forecasts of the market segment/target market?
    #**What is the current or expected competitive pressure for the product idea?
    #**What are the industry sales and market trends the product idea is based on?
    #**Is it technically feasible to manufacture the product?
    #**Will the product be profitable when manufactured and delivered to the customer at the target price?
    # read more at » http://en.wikipedia.org/wiki/New+product+development

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