Product Development 101
Jun 30, 2021
Every product started as an idea. The difference between products that outperform in their market and those that fail before taking off isn’t just luck. The best products rely on solid product development strategies to set them up for success.
In this article, we’ll cover:
- What product development is
- The history of modern product development
- Why teams need solid product development strategies
- The core steps in product development
- And who determines your project’s success
Read more at https://kamyarshah.com/product-development-101/
Intermediate Product Development
Jun 30, 2021
Every year, over 30,000 products hit the market. However, according to Clayton Christensen, professor at Harvard Business School, 95% of these products will fail. Beating the odds doesn’t depend on luck. When you understand product development, you learn why so many products fail, and most importantly, how to create one of the 5% of products that succeed.
To recap, successful product development strategies involve non-linear steps that incorporate interaction from your whole team. They need frequent testing and tweaks and ample market research. Now that you know the basic steps, we’ll show you:
- A breakdown of common product development frameworks
- How product development strategy helps you avoid failure
- What you need to build a successful product development team
- And intelligent ways to set product development goals
Read more at https://kamyarshah.com/intermediate-product-development/
Advanced Product Development
Jun 30, 2021
The Marketing Research Association reports that of all the developed products, only 40% make it to market. Even more shocking is that 40% of those that do make it don’t generate any revenue at all. Careful planning increases the chances that your product will not only make it to market but profit.
First, choose a product development framework to organize your efforts. Next, you will need a practical means of implementing the framework you’ve chosen. This involves training and your team as much as the resources you have at hand. Successful product development depends on using the right technology.
Read more at https://kamyarshah.com/advanced-product-development/