New product development is pivotal and vital for the success of any business and organization. By developing and unveiling new products, a company is able to generate new prospects and reach markets. One particular important aspect that is deemed important in achieving successful product development is attaining innovative feedback and participation from consumers and markets, as they provide a concrete basis (Zemlickiene and Maditinos, 2012). Despite the fact that new

Product Development Process For a new product to be successful in the market one need to ensure that they have undergone the product development process. This will allow them to go through a series of stages that begin with ideation and ending with the introduction of the product in the market. These stages are aimed at understanding the consumers, markets, and competitors in order to ensure that the product will deliver

New Product Plan The PhotoDrive Pro-is a portable hard drive with a high-res screen and fold-out keyboard. It is targeted at photographers both professional and serious amateur. This market has a perpetual need for storage, and benefits from the additionally functionality offered by this drive. In particular, the ability to operate in remote, dangerous or bad weather locations without risking their laptops is a valuable feature of this product. The product

Undoubtedly, the main beneficiary of such fierce competition is the customer who will be able to choose among several reliable products (http://en.wikipedia.org/wiki/iPod). Thirdly, iPod has proved to be an excellent consumer-oriented item as it has made available revolutionary features (like modern design, lighter weight, high capacity) to the masses due to the average price established. Thus, in return for a moderate sum of money, people can take with them their

Bill Gates: A Successful Business Leader A Successful Business Leader The business world has changed into an uncertain and competitive environment where business entities compete with each other on the basis of their distinctive competencies and strategies (Basefsky, Maxwell, Post, & Turner, 2004). Globalization, intensity of competition, and technological advancements has completely changed the way businesses operate and compete in their industries (Goldsmith & Hesselbein, 2006). The biggest role is played by

Organization Using Local Resources How will you create an organization using local resources of land, labor and capital that would maximize your business and personal values while economizing on costs? There are three methods of doing business in this state of the economy. One is the takeover of a falling enterprise and turning it around. The second is to gain a successful franchisee. The third is to start from scratch a new