What Is The Best Method To MANAGE The New-product Development

Process?

Identify New Opportunities

Thinking Intuitively and learning from peers will open up new opportunities and ideas to build into a lucrative business.

Research Your Ideas

Use the data available from market research, consumer feedback and their wants.

Exploring Finance & Tax-efficient ways to Support

Innovation

Manage Innovation Process

Managing New Ideas and the problems & and solutions associated with them.

Protect and Value your Ideas

Ideas come in abundance but great

ideas are scarce,

so protect them and have

faith in them.

Commercialize your Ideas and Get into New

Market Commercialise the developed idea and let it go.

Enter the new

Market

RecapBest way to manage the new-product

development Process:• Identify New Opportunities• Research Your Ideas• Exploring Finance & Tax-efficient ways

to Support Innovation• Manage Innovation Process• Protect and Value your Ideas• Commercialize your Ideas and Get into

New Market

References• http://www.dafont.com/champagne-limousin

es.font• https://hbr.org/1998/07/another-look-at-how

-toyota-integrates-product-development• https://www.google.co.in/search?q=w+l+gore

&biw=1242&bih=566&source=lnms&tbm=isch&sa=X&ei=h5aCVdPkE8Pn8AWcyKkg&sqi=2&ved=0CAgQ_AUoAw#imgrc=_

• http://www.slideshare.net/IbadatSingh/challenges-to-new-product-development-file

• https://leantesting.com/resources/wp-content/uploads/2014/11/challenges-of-being-a-social-vendor.jpg

Disclaimer

Created by Aakash Tripathi, IIT(BHU), during an internship by Prof. Sameer Mathur, IIM Lucknow.