Product Development Refers To…
Product development typically refers to all of the stages involved in bringing a product from concept or idea, through to market release and marketing – meaning the product’s entire journey.
RD’s processes include:
- Concept Design in association with the company or business
- A complete development strategy is outlined to ensure the product meet customers’ needs and wants, is so good it will sell itself, survive in a highly competitive market, and be sustainable in the long run
- Minimum Viable Product (MVP) + Proof Of Concept Pop Up Event or Practise Run
- Evaluation + Change
- Market Launch Campaign
The same process is deployed when you want to turn an ordinary product into a premium or luxury one
From initial market research through financial feasibility analysis, RD assists with the development of reformulated and enhanced business plans, prospectus documents and fact sheets to make investing opportunities as competitive as possible.