The small business environment today is very dynamic and competitive, and new product development is a crucial process if you want to survive. For small enterprises to withstand competition from ...

FMEA has several variants that allow for minimizing risk throughout product development. Design FMEA is a handy means of ...

A systematic approach that views the clinical research department as an integral part of the development team can enhance the likelihood of success in the creation of new products. Nancy J. Stark Many ...

To some, "new product development" means inventing something new. In reality, though, most new products are modifications of existing products or ideas. Sometimes, adding an element of service onto an ...

Product development, no matter the industry, is both an art and a science. Bringing a concept to life requires intensive research, ingenuity, risk-taking, iteration, testing, and a little magic. More ...

James M. Morgan and Jeffrey K. Liker, authors of The Toyota Product Development System, Integrating People, Process and Technology (2006, Productivity Press), offer the following product development ...

While Lean principles have been known and applied in a variety of manufacturing processes, the applications in product development have been slower to come. Several companies have also applied Lean to ...

In product development, there’s no such thing as a sure thing. Bringing a great product to life requires equal parts science and art (and even a little magic). But what it requires most of all is good ...

A broad spectrum of innovative products is currently under development in the agbiotech industry 1. Most of these opportunities can be classified as meeting needs in either crop productivity (input ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. In the world of product development, the harsh reality is that there are winners, and there ...