What is Product Development?

Organizations have to come up

with new ideas and new designs
for their products. This is to
maintain its position in the
market. Product development is
the complete cycle of all such
steps. This starts from the
conceptualization to the product
deployment. The main goal of
the
product development process is
to develop products according
to customer requirements.
This will, in turn, increase the
market share of the company.
But every product might not
satisfy all customer demands.
So, companies carry out a
thorough analysis of their
customer
base. This helps them to
identify their target market and
develop products accordingly
What is Product Development?
Organizations have to come up
with new ideas and new designs
for their products. This is to
maintain its position in the
market. Product development is
the complete cycle of all such
steps. This starts from the
conceptualization to the product
deployment. The main goal of
the
product development process is
to develop products according
to customer requirements.
This will, in turn, increase the
market share of the company.
But every product might not
satisfy all customer demands.
So, companies carry out a
thorough analysis of their
customer
base. This helps them to
identify their target market and
develop products accordingly
What is Product Development?
Organizations have to come up
with new ideas and new designs
for their products. This is to
maintain its position in the
market. Product development is
the complete cycle of all such
steps. This starts from the
conceptualization to the product
deployment. The main goal of
the
product development process is
to develop products according
to customer requirements.
This will, in turn, increase the
market share of the company.
But every product might not
satisfy all customer demands.
So, companies carry out a
thorough analysis of their
customer
base. This helps them to
identify their target market and
develop products according
PRODUCT DESIGN- It is to create a new product to be sold by a business to its customers, it is a broad
concept. It is essentially the efficient and effective generation and development of ideas through a
process that leads to new products.

Every product manufactured by any company needs to have a differentiating physical characteristic
which will make it attractive to customers; this characteristic is known as design.

Product design illustrate the process of conceptualizing, creating, and iterating products that solve
customer’s problems or address specific needs in a market.

the process of conceptualizing

creating

iterating products that solve customer’s problems

address specific needs in a market.

In product design, the product designer use both empathy and knowledge of their prospective
costumer’s habits, behavior, difficulties, needs, and wants to attempt in solving real problems.

The basic necessity for successful product design is to make it keeping the end customer mind.

In product design po it is the way company arranges the characteristics and benefit of the product in an
appealing way for the customers. Which is product design is inevitable.

IMPORTANCE OF PRODUCT DESIGN

“DESIGN IS NOT JUST WHAT IT LOOKS LIKE AND FEELS LIKE. DESIGN IS HOW IT WORKS. –STEVE JOBS

We all know that the brand apple dominates the world in product design with iphone, ipad, mac,
apple watch, and apple tv. Apple spend a lot of money just on research and development. Apple
design comes from apple industrial design studio wherein it consist of small and secretive group of
creative. This designers are the principal inventors at apple.

In product design they conceptualize and build new products, hone existing ones, and conduct some
in-depth fundamental research and development.

They examine new materials and production manners and continuously hone and enhance Apple’s
product along with its manufacturing techniques.

Other examples of bran with excellent product design

Tesla

Nike
Apple Products

Example in Produc Design is the product apple, in late 90s apple introduced the all in one, brightly-
coloured translucent computer which made its competitor’s beige boxes look incredibly mediocre. Ice
then, nagtuloy-tuloy nap o yung paggawa ng apple ng new product design which made their product
more sleek, slim, and minimalist, but no less iconic.

PRODUCT ANALYSIS

Product Analysis it is a tool or technique to define scope, you’re figuring out what deliverables the team
needs to work on in order to build project scope statement. We are talking about deliverables in product
analysis, we are figuring out what we need to deliver as a project team wherein in requirements
gathering, we are trying to understand what are the needs that the product of the project or product on
a company should mean. So, the product analysis po it deals with how the work will be done, its about
how we are going to accomplish the work, so that the product meets needs on which you have collected
in requirements gathering

When we Product Analysis it is the evaluation of product for the purpose of product development,
review or purchasing. This kind of analysis po is can be done or performed by the producer, the
customer or a third party, example of product analysis is is product review blog. In product analysis it
may involve po a comparison to competing products on the market. In the case of the customer naman
po they assessed the product based on set of requirement or customer needs. Product
analysis is
important to dig deep into specific sections—such as brand, marketplace, consumer
perceptions, consumer communication, trends and competitors—to draw out
conclusions  that will help set up your brand’s key issues
The purpose of product analysis is to improve a product, wanting to make some enhancement in a
product. It analyze the functions, features of the product in order to enhance and improve the product.

Marketing Aspect
3. Economic analysis

(i) The profit consideration, (ii) The effect of standardization, simplification, and specialization, and (iii)
The break-even analysis.