StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

New Product Development - Essay Example

Cite this document
Summary
The author of the "New Product Development" paper focuses on digital product development as a completely different product when compared to its physical counterpart. It survives in a digital domain only and has no life in the tangible world of physical products…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.8% of users find it useful
New Product Development
Read Text Preview

Extract of sample "New Product Development"

Download file to see previous pages

The timeliness and precision associated with digital processes make them the foremost choice for incorporation. Digital products are a step ahead of physically digitized products. These are products that are intangible and are available for use and transfer over the digital domain only. A perfect example of digitized products is Mobile Application Software which is more commonly referred to as a Mobile App. A digital product such as a Mobile App is software that is either available as freeware or as a paid product.

In the digitized world of today, a Mobile App is a handy tool that is installed on the smartphone of the beholder. This software application program or Mobile App is a complete tool that does multiple things for its user. With the instructions embedded into a mobile app, the software performs multiple handy or fun-filled tasks. For example, a Forex converter app is very handy for an individual working in the stock market. In line with the most current prevalent Forex rates, the app can make all the required conversions for you if the requirements are dictated to it.

Similarly, a prayer reminder app would not only remind you of the prayer times for your designated prayers but would also provide you with responses to different religious queries that you may have. A Cooing app would become the Chef’s best mate for it may narrate every detail about an ingredient and may also suggest the use of it in preferable recipes. Thus, a Digital product is a completely different product when compared to its physical counterpart. It survives in a digital domain only and has no life in the tangible world of physical products.

NPD for a DIGITAL PRODUCT The New Product Development processing for a digital product has a lot of user input involved in it. The making of a digital product is all about its usability. The life of digital products is dependent immensely upon the way users need them and intend to make use of it. Each digital product is designed in line with the user requirements only. This implies that the main input for the new project development (NPD) for a Digital Product comes mainly from the prospective user itself.

A set of prospective users of the digital product to be is chalked out in the initial stage of NPD. It is then the way each of the possible users/ audiences would interact with the digital product is chalked out separately in each singled out scenario. Each of the scenarios is a complete set of execution of instructions that need to be embedded within the Digital Product to be. Once the list of processes that need to be incorporated into the software of the digital product has been finalized the structure is then implemented in a favorable programming language.

A final set of instructions governing the Digital Product then forms the backend of a polished fine user-friendly front-end-based digital product. The NPD of a digital product is signified by another quality that does not exist with the NPD of Physical Products. A digital product is often launched in two stages. Initially, a test form termed as “Beta” form is released into the open market. The feedback that the Beta form of the Digital product gets enables the designers of the digital product to enhance parts of the digital product in line with user requirements. 

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“New Product Development Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
New Product Development Essay Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/information-technology/1456534-new-product-development-digital-product
(New Product Development Essay Example | Topics and Well Written Essays - 1000 Words)
New Product Development Essay Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/information-technology/1456534-new-product-development-digital-product.
“New Product Development Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/information-technology/1456534-new-product-development-digital-product.
  • Cited: 0 times

CHECK THESE SAMPLES OF New Product Development

Pricing: New Product Development

This essay "Pricing: New Product Development" presents Eco Car Bin that will be successful in London because people of this city prefer to buy quality products.... Analysis of design and technical features of the product are an essential part of product development and would be required in the price evaluation period.... It is a process of product development, product enrichment, and promotion respectively.... For a new product to be launched, it is necessary that the product meets the needs and wants of the customers, this is how new buyers could be attracted, and the product will penetrate in the starting aspect of time (Kotler and Armstrong 2008)....
14 Pages (3500 words) Essay

Skullcandys New Product Development

The aim of this paper "Skullcandy's New Product Development " is to highlight the team structure used in the development of new products at Skullcandy.... kullcandy's New Product Development Team Structure ... he team structure applied for the New Product Development at Skullcandy was a mixture of topologies.... At Skullcandy, the team structure that was applied for the New Product Development was a combination of lightweight and heavyweight team structures....
7 Pages (1750 words) Essay

New Product Development Process

The paper 'New Product Development Process" states that to improve the problems in the existing product development methods, the companies must modify the methods to suit the needs of the company.... New Product Development must be done by implementing a method that will guide the company right from the product proposal and until the launch of the product.... The New Product Development methodologies must be used.... The company has to decide on the rate of New Product Development....
5 Pages (1250 words) Research Paper

New Product Development Stage

In the paper 'New Product Development Stage' the author looks at the main feature of Gillette, which is that it boasts of five-blade surface technology.... Apart from this, it is necessary to give emphasis to the promotional methods, especially advertising of the product, for the purpose of creating awareness about the new product in the market and among the consumers.... During this stage, it is essential to conduct market research, which is necessary to evaluate whether the customers will accept this product....
3 Pages (750 words) Essay

New Product Development Process

Developing new restaurant product menu is critical to provide solutions to emerging needs and variety for consumers to choose from.... It also serves as a way of expanding the product line and increasing the Organic food restaurant mission is to promote healthy eating.... Chefs also play a role in the formulation and utilization of new technology to control the appearance of the final product.... They outline consumer needs and develop new ideas to design products that meet consumer expectations....
3 Pages (750 words) Coursework

Marketing New Product Development

This study discusses New Product Development because many consumer goods flop significantly in the first year of sales in the market.... Marketing new product DevelopmentMany research firms have proved that many consumer goods flop significantly in the first year of sales in the market.... Most customers would go for a new product if it offers better features or solves the problems witnessed in the current ones in the market.... However, there are steps that firms can take to increase their odds of new product success....
2 Pages (500 words) Case Study

New Product Development Issues

The paper 'New Product Development Issues' focuses on the designing, developing, and promoting a new commodity in the market to meet customers' needs the best way, become more competitive, and get more profit.... This report analyses the product, ingredients, how the team has worked to prepare the product and a model that is used in New Product Development.... This shows how important it is for the management of the organization to critically evaluate the market and product and then introduce it particularly if the new product is related to the food industry....
18 Pages (4500 words) Term Paper

New Product Development - Pizzeria

The paper 'New Product Development - Pizzeria' is a fascinating variant of a research paper on marketing.... The paper 'New Product Development - Pizzeria' is a fascinating variant of a research paper on marketing.... The paper 'New Product Development - Pizzeria' is a fascinating variant of a research paper on marketing.... It is from such a background that Dominos aims to develop a new product, a pizzeria, to meet the needs of the customers within the market....
10 Pages (2500 words) Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us