30/01/2024
"Product development "‼️
Here are some stages:👀
📑IDEA GENERATION: Generate new product ideas from customer feedback, market research, or internal brainstorming.
📑IDEA SCREENING: Evaluate and screen ideas based on market potential, technical feasibility, and alignment with company goals.
📑CONCEPT DEVELOPMENT AND TESTING: Develop and test selected ideas with potential users to refine and shape the product.
📑BUSINESS ANALYSIS: Conduct a detailed analysis of potential profitability, costs, revenue projections, and market demand.
📑PROTOTYPE DEVELOPMENT AND DESIGN: Positive business analysis leads to the development of a tangible prototype, finalizing the product design.
📑TESTING AND MARKET LAUNCH: Rigorous testing for functionality, performance, and user experience before launching the product into the market.
📑COMMERCIALIZATION: Introduce the product on a larger scale, implement marketing strategies, establish distribution channels, and intensify sales efforts.
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