New Product development is the term used to describe the complete process of bringing a new product or service to market. There are two parallel paths involved in the NewProductDevelopment process: one involves the idea generation, product design, and detail engineering; the other involves market research and marketing analysis. Companies typically see new product development as the first stage in generating and commercializing new products within the overall strategic process of product life cycle management used to maintain or grow their market share.
It's like a mini business plan development department, but without the sales, marketing, and financial aspects.
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Here are the Practices we follow
1. Development Methodologies.
2. Languages and technologies.
3. Development tools.
4. Project tracking.
5. Issue management.
6. Product delivery methods.
7. Interaction between departments.
8. Coding conventions.
9. Source control.
10. Backup and restore procedures.
11. File formats and file versions.