GloberDesign

Product development , also known as product development, is a series of steps that deals with a complete development cycle of a product. This cycle starts from conceptualizing a product to releasing it to the market. The primary aim of product management cycle is to increase the market share by satisfying the demand that is prevalent. Product development companies with the help of this cycle determine will their idea succeed in the market or not. Stages of product development The various stages of product management are here as follows – ·          Generation of ideas In this step , product engineers conduct brainstorming sessions to determine anyloophole in a product. It is a continuous quest to assess opportunities for a new idea and to act on it accordingly. These brainstorming sessions are also useful to resolve any issues with an existing product. ·          Screening of Ideas After the brainstorming sessions, product management requires screening of ideas.