The small business environment today is very dynamic and competitive, and new product development is a crucial process if you want to survive. For small enterprises to withstand competition from ...

To some, "new product development" means inventing something new. In reality, though, most new products are modifications of existing products or ideas. Sometimes, adding an element of service onto an ...

Product development, no matter the industry, is both an art and a science. Bringing a concept to life requires intensive research, ingenuity, risk-taking, iteration, testing, and a little magic. More ...

James M. Morgan and Jeffrey K. Liker, authors of The Toyota Product Development System, Integrating People, Process and Technology (2006, Productivity Press), offer the following product development ...

A broad spectrum of innovative products is currently under development in the agbiotech industry 1. Most of these opportunities can be classified as meeting needs in either crop productivity (input ...

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 ...

Ryan Gray is co-founder and CEO of SGW Designworks, a full-service product development and engineering firm featured in The Lean Startup. In the world of product development, the harsh reality is that ...

Businesses around the globe are under pressure to shorten their product development cycles while reducing cost and maintaining quality. This is due to relentless competition, high customer ...

Toronto-based NeuronicWorks Inc. is a design engineering and manufacturing company that casts a Design for Excellence (DfX) lens over product development. DfX is a set of best practices intended to ...

At least half of all product launches fail to live up to companies’ expectations. For every four projects that enter development, only one makes it to market, according to a recent study at Georgetown ...

Product development is the engine of innovation—shaping industries, fueling growth and turning bold ideas into real-world impact. But the journey from concept to launch can be filled with friction.