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Developing New Products - Coggle Diagram
Developing New Products
Development
Reuse
Look at what is good about existing products
Experiment with parts of existing products
Redesign
Re design of existing product feasibility
Keep some features, change others
Rethink
Keep or scrap existing concepts
Experiment with new concepts
Prototypes
Customer Ideas
Analysis
What works
Is anything financially viably worth keeping
What do customers like
What is easiest for production
Is it worth investment
Cost of devolpment
Future benefits
Extent of need
Research
Primary
Evaluate existing products
Pofessional evaluation
Customer Feedback
Send out customer feedback surveys
Secondary
Reviews on similar products
External report on target customers requirements
Feasability
Production
Can production cope with change
new training required
new machinery required
Are they onboard
Is exsiting working
what lessons can be learned
Research Team
Timeframe requirments
Resource requirements
Number of members needed
Sufficient resources to meet need
Finance
Is it worth investment
Sufficient cash flow to fund