A product concept is a description or vision of a product or service, typically developed at an early stage of the product lifecycle.
Basically, the product vision is a statement of ambition that underpins the whole project. The concept allows you to define how the final product should function, who it’s being built for, and how it will address their needs. The product vision should serve as a guide for stakeholders, all...
Zoom shows great awareness of this concept through its user-centered design.Colleagues working on a project or even entire classes can be held on Zoom because it is designed to function on an intuitive level. Each individual has access to a clear set of tools allowing them to start, schedule...
Productoriented servicesProduct life-cycleCollaborationThe. majority of manufacturing enterprises is currently trying to become more competitive in the preparation of customer-centric and innovative products. The focus of manufacturing paradigm is changing from a mainly sales-driven business towards a ...
New product concept testing is used by some of the most successful businesses worldwide. Let’s look at some product concept testing examples from some of those companies. Tesla When Tesla launched its Model 3 in 2017, participants were presented with the concept and an opportunity to put down...
POCs are used across industries and departments, but they're most valuable in areas like IT, health care, and product development since innovation in those fields is often very expensive. Why a proof of concept is valuable There's no worse feeling than looking back on hours of work to ...
You can source them from every team within your company, concept testing, or asking your customers their opinion. Regardless of the source, it’s important to ensure that ideas are presented clearly. For example, someone may suggest a feature without mentioning why it’s needed. Following up ...
Real world examples of product development strategies Product development strategy FAQ Start your online business today. For free.Start free trial Every product for sale went through many steps to get there. Whether it’s a car, a face moisturizer, or a piece of software, that item is the re...
A concept proposal can be applied in a multitude of ways. It can be used in architecture and designs, engineering and infrastructure, and even in the business plan and marketing plan. The wide range of a concept proposal is rooted in the fact that a concept is a general product of the ...
The concept of product life cycle helps inform marketing and sales decisions, from pricing and promotion to expansion or cost-cutting. Investopedia / Xiaojie Liu How the Product Life Cycle Works A product begins with an idea. Within the confines of modern business, that idea isn't likely to ...