What is Product Development ?
Product development, including new product development, refers to the creation of a product development strategy for a new product which has some utility; or up-gradation of the existing product; or enhancement of the product development process, method, or system. In simple words, it is all about bringing a change in the present goods or services or the mode of production.
Bringing your vision for an original product to life is frequently one of the biggest hurdles for aspiring entrepreneurs.
The product development process can seem almost mysterious, and when you hear the origin stories of other great businesses, the journey to a finished product rarely resembles a straight line.