Product Development
Product development is the set of steps to create a product and take it to market. The process usually starts with an idea, then moves on to creation, and finally deployment. It usually involves some degree of market analysis and testing, which can help identify market niches and hone the product idea. Managers overseeing product development need to have a diverse range of skills, including understanding and analysis of market trends, consumer habits, research and development, and pricing. Product development often starts with a SWOT analysis, which includes identifying the strengths, weaknesses, opportunities, and threats of a new product.
Related Articles
Executive Education: a Path to the C-Suite
By Seb Murray on Sep 20, 2023
Business schools are now offering programs that help fast-track executives to the upper echelons of business
Executive Education Proves Resilient to Economic Pressures
By Seb Murray on Mar 24, 2023
Schools are cautiously optimistic that demand can be sustained now that companies are making difficult choices on costs
Soaring Appetite for Executive Courses in Asia
By Seb Murray on Feb 24, 2023
The region's economic dynamism is attracting executives from around the world who want to develop a more global perspective
Business Schools Enjoy Resurgent Demand for Executive Education
By Seb Murray on Jun 21, 2022
The pandemic dented revenues but there are signs of resurgent demand for training on an expanding array of topics and in new modalities