The overall process of strategy, organization, concept generation, product and marketing plan creation and evaluation, and commercialization of a New Product. Sometimes referred to only as “Product Development.” Find more definitions of New Product Development (NPD) terms here.
new product development (NPD)
As they say, “What gets measured, gets done.” Measurements tell us how we are doing versus a standard and can provide motivation to improve systems or change behaviors. We know how far we’ve come and how far to go to achieve a goal by reviewing metrics. Traditional project metrics focus
Innovation Learning Process I used to be an absolutely terrible cook! I almost never cooked and when I did, even the toast would burn. Over the years, however, my cooking has improved despite the fact that no one will ever brag about my cooking. Learning to cook involved several steps,
I live in Houston, Texas. It gets pretty hot in the summer and air conditioning is a blessing. Of course, there is a trade-off between comfortable temperatures and the electric bill. My strategy is to set the thermostat a little higher than desired when the house is empty to save on the electric bill. When…