Question

Topic: Strategy

How To Develop New Product?

Posted by economist2010 on 12/18/2011 at 4:30 PM ET 25 Points
What are the steps or the methodology that one should put into consideration when developing a new product?
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RESPONSES

  • Posted by Gary Bloomer on 12/18/2011 at 6:15 PM Member
    Sounds like a homework question.
  • Posted on 12/18/2011 at 6:41 PM Moderator
    It sort of depends, doesn't it? This is a very generic question. You'll need to give us more specific information if you want a useful answer. What is the intended use of our responses? Why are you asking?
  • Posted by economist2010 on 12/18/2011 at 7:21 PM Author
    I have a new product that needs to be developed. It's a multimedia product. Regarding such a case what should I do so that I may get this product developed?
  • Posted on 12/18/2011 at 9:08 PM Accepted
    Start by learning all you can about the target audience. Does the new product solve an important problem for them? Will they immediately understand how much they need this product? If so, continue to develop the product. If not, develop a product that addresses a recognized need of your target audience.
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