What are the steps in developing a product, Business Management

Assignment Help:

What are the steps in developing a product?

The various steps included within developing a product are as follows:

1. Acquire New Ideas through initiating, adaptation, through invention, by dealers/customers, through public at large.

2. Separate the good and feasible concepts from amongst several, when need be, through a committee having managers of significant Depts. connected along with product development.

3. Calculate ideas technically regarding method of manufacture, equipment and labour needs, cost and performance characteristics, etc

4. Calculate ideas from markets view point namely their acceptability by the customers. First evaluation can be done through cursory survey by salesmen, followed through a correct market survey.

5. Based upon information collected onto market and technical aspects, this may be decided at last as to whether to go ahead for production or to forget the concept.

6. When it is decided to take up the concept and production started, after that the following are done namely designing the product, procurement of material, ordering of equipment and selection or training of workers, establishing control system many more.

7. When production is on, preparations are done to establish the product in market and to impress the market along with the developed product namely market, packaging, advertisement policies, channels of distribution, guarantee and after sales service as well as price/discount, etc  Short Notes.


Related Discussions:- What are the steps in developing a product

Explain the importance of conducting business meetings, Question 1: (a)...

Question 1: (a) In most business organisations, communication will flow: 1. Upwards 2. Downwards 3. Horizontally Briefly describe each of the above communication flows.

Write a note on classification of business objectives, Q. Write a note on c...

Q. Write a note on classification of business objectives? 1) Economic Objectives - Functions of customer Segment - Innovations - Optimum use of resources 2) Social Objectives -

Controlling environmental causes, Controlling Environmental Causes: All th...

Controlling Environmental Causes: All the  environment  causes have something  to do with  machinery  and equipment  with the  things  one can see and  feel. A  good  layout  and

Practices of management.., HOW WILL YOU INFLUENCE PEOPLE TO STRIVE WILLINGL...

HOW WILL YOU INFLUENCE PEOPLE TO STRIVE WILLINGLY FOR GROUP OBJECTIVES IN YOUR ORGANISATION (TARGET BASED INDUSTRY ) APPLY YOUR INTERPERSONAL INFLUENCE THROUGH COMMUNICATION PROCES

Departmental, Define the departmental, long-term and non-economic manageria...

Define the departmental, long-term and non-economic managerial decisions. Departmental, Long-term and Non-Economic decisions: In long term decisions, there time period en

Productions and manufacturing budget based factors, Which factors are the p...

Which factors are the productions and manufacturing budget based? The productions and manufacturing budget based is based onto: 1. Sales budget, 2. Factory capacity (Prod

How does organisational culture develop, Question 1: (a) How does organ...

Question 1: (a) How does organisational culture develop? (b) What are the functions of an organisational culture? (c) What are its drawbacks? Question 2: (a) What are t

Business plan, starting up a maintances business plan

starting up a maintances business plan

What are the principles of delegation of authority, What are the principles...

What are the principles of delegation of authority? Principles of delegation of authority: a. Parity in between authority and responsibility: There must be whole parity

Important of maintenance management, Important  of Maintenance Management ...

Important  of Maintenance Management 1. Dependability  of Service: it  is one  the performance measures by which  a company  can  distinguish itself from others. To  establis

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd