Tech Glossary
What is Product Development?
Product Development is a process where new products are created and developed to meet customer needs and market demands. This includes everything from generating ideas and conducting market research to designing and manufacturing the product. An important part of the product development process is identifying and understanding customer needs and wants. This can be done by gathering feedback from the market and conducting market research to see which products are popular and what is missing from the market. After the needs and wants have been identified, you move on to the design phase where the product is created. This can mean creating prototypes, doing tests and making adjustments to optimize the product's functionality and user-friendliness. When the product is fully designed, you move on to the manufacturing phase where the product is produced on a larger scale. It is important to have control over production to ensure that the product is of high quality and that it is delivered on time. Finally, it is important to market and launch the product in the right way to reach customers and increase sales. This can mean creating marketing campaigns, carrying out PR activities and working with retailers to get the product to market. I
