EarthYP Edge Conference 2019 in Maui, Hawaii

1512 Center St Ste B
Tacoma, WA 98409

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New product development
From Wikipedia, the free encyclopedia
In business and engineering, new product development (NPD) covers the complete process of bringing a new product to market. A central aspect of NPD is product design, along with various business considerations. New product development is described broadly as the transformation of a market opportunity into a product available for sale. The product can be tangible (something physical which one can touch) or intangible (like a service, experience, or belief), though sometimes services and other processes are distinguished from "products." NPD requires an understanding of customer needs and wants, the competitive environment, and the nature of the market. Cost, time and quality are the main variables that drive customer needs.
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EarthYP Edge Conference 2019 in Maui, Hawaii