Developing and ultimately launching a product can often make or break a business, especially a startup business. Some businesses develop only one product, while others develop many. Product ...

Every digital product team wants to be customer-driven, but it’s not easy. Here are five steps to ensure you bake in customer feedback from the get-go. They are some of the coolest kids on the ...

Product development may be understood generically as all the things that happen from the initial conception or invention of a product to the point when a product is launched into the market. It can ...

Technology products are not static. They evolve in response to shifts in the market or changing customer expectations. The most successful companies prioritize product development to maintain a ...

FMEA has several variants that allow for minimizing risk throughout product development. Design FMEA is a handy means of ...

While Lean principles have been known and applied in a variety of manufacturing processes, the applications in product development have been slower to come. Several companies have also applied Lean to ...

When building a complex new product, US companies need to trust their nearshore partner to facilitate a discovery phase in which the goal is to literally discover the project’s requirements. At this ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Product development is the engine of innovation—shaping industries, fueling growth and ...

According to Harvard Business School professor Clayton Christensen, there are over 30,000 new products introduced every year, and 95 percent fail. According to University of Toronto Professor Inez ...

Opinions expressed by Entrepreneur contributors are their own. Toni Ko’s path to entrepreneurship was a common one: She wanted a product that didn’t exist, so she decided to create it herself. The ...

The overall process of strategy, organization, concept generation, product and marketing plan creation and evaluation, and commercialization of a new product Innovative new products are the fuel for ...