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Product development
/pɹˈɒdʌkt dɪvˈɛləpmənt/
/pɹˈɑːdʌkt dɪvˈɛləpmənt/Product development
01
the process of either bringing a new product from concept to market release or renewing an existing product
product development
n
Example
The MEng program in Mechanical Engineering at Stanford University emphasizes innovation and product development.
Customer feedback often comes after product development in the company's priorities.
The triple partnership between the companies led to innovative product development.
Innovations in product development have been a driving force in keeping the tech company solvent.
In summary, the presentation covered three main topics: market analysis, product development, and marketing strategy.
