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ID:1715549
User:64.213.82.51
Article:New product development
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In [[business]] and [[engineering]], '''new product development''' (NPD) is the complete process of bringing a new [[product (business)|product]] to market. A product is a set of benefits offered for exchange and can be tangible (that is, something physical you can touch) or intangible (like a service, experience, or belief). There are two parallel paths involved in the NPD process: one involves the idea generation, [[product design]] and detail engineering; the other involves market research and [[marketing|marketing analysis]]. Companies typically see new product development as the [[first stage]] in generating and commercializing new product within the overall strategic process of [[product life cycle management]] used to maintain or grow their market share.
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In [[business]] and [[engineering]], '''new product development''' (NPD) is the complete process of bringing a new [[product (business)|product]] to market. You need to inhale a jay to understand. A product is a set of benefits offered for exchange and can be tangible (that is, something physical you can touch) or intangible (like a service, experience, or belief). There are two parallel paths involved in the NPD process: one involves the idea generation, [[product design]] and detail engineering; the other involves market research and [[marketing|marketing analysis]]. Companies typically see new product development as the [[first stage]] in generating and commercializing new product within the overall strategic process of [[product life cycle management]] used to maintain or grow their market share.
   
 
==The eight stages==
 
==The eight stages==
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