0
Does Companies rarely solicit ideas from customers during the idea generation stage of product development?
Wiki User
∙ 13y ago
Not necessarily. Many companies actively seek input from customers during the idea generation stage to better understand their needs and preferences. This can help ensure that the final product aligns with customer expectations and increases the likelihood of success in the market.
Add your answer:
Earn +20 pts
How many stages are involved in the product development process?
8 stages :1) Idea Generation, often called the "fuzzy front end" of the NPD process.2) Idea Screening3)Concept Development and Testing4) Business Analysis5) Beta Testing and Market Testing6) Technical Implementation7) Commercialization8) New Product Pricing
What does testimonial technique mean?
Testimonial technique refers to using endorsements or recommendations from satisfied customers or clients to promote a product or service. It leverages the positive experiences and feedback of individuals to build credibility and trust with potential customers.
What do you mean by product knowledge?
Product knowledge refers to having a deep understanding of the features, benefits, and uses of a particular product or products that a company offers. It includes knowing details about how the product works, its specifications, and how it compares to similar products in the market. Having product knowledge is crucial for sales and customer service teams to effectively educate and assist customers.
How do you explain what is meant by development being a product of maturation and learning?
Development being a product of maturation and learning means that growth and progress in individuals is influenced by biological processes (maturation) as well as experiences and interactions with the environment (learning). Maturation refers to the natural biological unfolding of physical and mental capacities over time, while learning involves acquiring new knowledge and skills through experiences. Both maturation and learning play important roles in shaping an individual's overall development.
What is rigorous development?
Rigorous development involves following a structured process that emphasizes thoroughness, precision, and attention to detail in order to ensure the correctness, reliability, and quality of a product or solution. It often involves techniques such as formal verification, testing, and peer reviews to validate each step of the development process and to minimize errors or defects.
What are Marketing Companies?
Marketing companies are managements and organizations that work with services that create concepts for the customer. Marketers identify the development of the product, determine the cost, select the distribution of the product to the customer, develop a persuasive promotional strategy that lures customers in, and fulfills the demands of the costumers needs.
What are the new product development of hul?
idea generation product concept market strategy business analysis development design test marketing commercialization
Challenges facing new companies?
Companies are challenged to produce a product that customers will need consistently. They are also challenged to market this product in a responsible way.
Why do companies export their products?
To reach more customers and sell more product.
Why firms should be involved in new product development?
Developing new products enable companies to gain competitive advantage over other companies. New products drive sales, if we introduce a new product model is a good chance that the customers give up the old and buy new.
How do companies providing Linux make money?
Companies that offer free Linux distributions commonly make money by providing optional paid services and support, and/or through donations from private or corporate customers interested in the continued development of the product.
What are the reasons for advertising?
Advertising helps companies create awareness for a new product or convince potential customers that their product is better than the competition. If companies never advertised, customers may not realize that the product even exists or may not know some of its benefits.
Why are employees called internal customers?
Employees are called internal customers because they work for/with the organization from the inside vs. external customers who are customers who pay for a product or service. Much like companies serve external customers, they must serve internal customers (employees) in terms of training and development, job satisfaction, reward and recognition, feedback on performance. The relationship between external customers and internal customers is very symbiotic. Without one, you wouldn't have the other and without either, companies wouldn't exist.
Product Development companies?
Product Development Comapnies are businesses that exist to help other companies develop new products. Bressler Group, SGW Designworks, Synapse, and others are hired by businesses of all sizes to go from concept, through desiogn, prototyping, engineeing, and finally into production.
Why might a business that is entirely product oriented find it difficult to survive?
It may not be responding to consumer needs. It may be producing a product that is out of date or one that no longer meets the needs of customers. Market-orientated companies will probably take the customers away from the product-orientated companies and they will lose their
What is the role of requirement analysis in software development?
Requirement analysis is important in software development. It is important for the developers to analyse the need of the customers so that the product developed is upto the expectations of the customers.
How many stages are involved in the product development process?
8 stages :1) Idea Generation, often called the "fuzzy front end" of the NPD process.2) Idea Screening3)Concept Development and Testing4) Business Analysis5) Beta Testing and Market Testing6) Technical Implementation7) Commercialization8) New Product Pricing
