Product growth includes several important levels like
generating concepts, idea examining, idea examining, business analysis and
industry analysis, actual growth of the item, test marketing and
commercialization. Each of these levels includes considerable study and
analysis; and at each level, a management decision is called for before
proceeding to the next level.
New concepts may come from customers, traders, and
in-company sources or from analysis organizations. Consumer's problems are the
most fertile ground for the generation of new concepts. New concepts can also
come from researching the industry research. Experiments on customers, items,
etc., will reveal industry holes by comparing the existing supply of items with
the ideal Product Design Austin
conceptions of customers. But all industry holes cannot lead to commercially
viable items. Only the appealing concepts will be chosen for creating awesome
concepts.
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