The Stages of Product Development and Testing
To stay competitive, technology businesses must continually evolve and advance their technology by developing new products and launching tried-and-true products into the international marketplace. Companies cycle through a series of steps to refine and advance their products and launch them into the marketplace. The innovations that result in new products usually have their roots in research and follow a path from an idea, through proof of concept, into prototype creation, to testing and demonstration all the way to advanced manufacturing and market introduction.
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