Product Development

Stages of Product Development

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.