product development process

  

Definition

System of defined steps and tasks such as strategy, organization, concept generation, marketing plan creation, evaluation, and commercialization of a new product. It is a cycle by means of which an innovative firm routinely converts ideas into commercially viable goods or services.

Use this term in a sentence

Related Videos




http://www.businessdictionary.com/definition/product-development-process.html

Popular 'Industries, Manufacturing, & Technology' Terms

Have a question about this term? Ask for help in the
Community
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z