Product management and new product development (NPD) are distinct but related aspects of bringing products to market. Product development focuses on building a product, while product management oversees its strategy and lifecycle, ensuring it meets market needs and business goals.
Product Development:
- Focus: Turning ideas into physical or digital products through stages like prototyping, designing, and testing.
- Activities: Engaging in research, ideation, concept development, prototyping, testing, and ultimately launching the product.
- Example: A software engineering team building a new mobile application.
Table of Content
| S.No | Topic | Link |
|---|---|---|
| 1. | Product Life Cycle Explained: Stages, Strategies & Graph | Click Here |
| 2. | Exploit the Product Life Cycle by Theodore Levitt | Click Here |
| 3. | Understanding the 4 Stages of the Product Life Cycle | Click Here |
| 4. | How to Use the Product Life Cycle as a Strategic Tool: A Guide | Click Here |
| 5. | Product Life Cycle 100+ MCQs with Answers | Peter Drucker’s Strategy Explained | Click Here |
| 6. | Mastering the 10 Types of Innovation: A Strategic Framework for Business Success | Click Here |
| 7. | Product Architecture Strategy: How Smart Design Drives Market Domination | Click Here |
| 8. | Smart Prototyping Strategy: How to Build Better Products Faster | Click Here |
