Share:

Knowledge Base

Product development - from the idea to the first customer

01/17/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Product development is a complex process that involves many different steps and decisions. The process begins with the development of an idea and the creation of a concept, which must then be transformed into a marketable product. At each stage of development, the idea becomes more and more concrete and concrete decisions are also made about the functionality of the product. At the end of the development process, a prototype is developed that can be tested before the finished product is sold to the customer.

The product development process begins with the creation of a concept. First, the idea behind the product must be examined and defined in more detail. Then, a plan must be created that details the product's functionality, cost and schedule. This is followed by the development of the prototype, which is then tested to ensure that the product meets the customer's requirements.

Once the prototype has been successfully tested, it is prepared for mass production. This is done by defining a production process that allows the product to be manufactured according to the given specifications. The finished products are then sold to customers or shipped to distributors who further market the product.

The development process does not end when the product hits the market. Rather, developers must remain available after the product is sold, gathering important feedback information from customers to further improve the product. This process can last for months or even years.

Like (0)
Comment

Our offer to you:

Media & PR Database 2024

Only for a short time at a special price: The media and PR database with 2024 with information on more than 21,000 newspaper, magazine and radio editorial offices and much more.

Newsletter

Subscribe to our newsletter and receive the latest news & information on promotions: