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The Steps Involved in New Product Development Process
Although developing a new product can be a great investment for any company, it is important to understand the various steps involved so as to make the process successful.
The new product development process always starts with idea generation. This involves the search for new product ideas systematically. A company can generate new ideas from two sources including the internal source where employees and other staff of the company contribute to ideas. The other one is external idea sources where the company collects its ideas externally like form distributors, customers, suppliers and …

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