New Product Development Assignment Help

New product development is the process by which a business brings a new product into the market; the product can be tangible or intangible. In this process, the business identifies the market opportunity and converts this chance into a product ready for sale. The customer needs must be identified and analysed for this to work efficiently. This course teaches a student about the various ways a new product can be developed and presented in the market. Whenever a new product is developed, a lot of thinking goes into what the product needs to be. This is important, as it helps the company create a product that would sell more, which helps the company earn more profit.

The assignments in this particular subject weigh a lot and must be given paramount importance if a student desires to score a high grade in his or her final academic assessment. A student might procrastinate the writing process or end up assignment less due to some other reason and lose a grade or worse, fail the subject. Therefore, we at EssayCorp provide new product development assignment help in the US, UK, and Australia.

Students Problem & New Product Development Assignment Help

It is a very important topic that management students are expected to learn. The syllabus of management has been increasing and more and more new things are included in the already vast arena. The main problem of students with the assignment in this particular subject is the length of the assignment and the demand of the faculty to present an original and plagiarism free case study. We here at EssayCorp provide case studies as a separate service and also new product development assignment help service, where our adept writers can help you with all your management subjects.

The case studies available on the internet cannot pass the plagiarism check, this is why the students struggle with the subject. After spending hours on the internet with the hope of finding something usable for their assignment the students only get disappointed as the materials available on the internet are too unreliable and arbitrary.

Students spend a lot of time researching on the subject and in the process spend the precious time they should give on the assignment. The length of the assignment also pushes the student off, the sheer number of words required in the assignment is disheartening. Then, if there is some confusion with the concept the difficulty only gets heightened. Therefore, to ease your worry and help you secure that desired result, we bring to you, new product development assignment help at a very nominal price.

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Our management experts are professionals, MBA’s, and PhD’s in management, they are adept at all the parameters of management subjects. After they receive your assignment they follow a set of guidelines that is a part of our organisational best practice and it ensures that your assignment is of the top quality and we do not tolerate any plagiarism from our writers, so you get an original content time and time again.

Brief Content of Our New Product Development Assignment Help

Below is a brief description of the process of new product development. This is a 5 step process; in our assignment help service, we also provide the 6 step process and the 8 step process of new product development.

  1. Concept Development - This is the initial stage of product development and can further be broken down into a few parts.
    • Ideation : This is where the product takes birth. A product is born in the mind of the marketing team that is responsible for generating the new products of the company. A company is always trying to make more profit. This can be done either by improving the product or creating a new product that the market requires. So, the marketing team sits down and thinks. This team has to come with an idea. They are also provided with information about the market and the trend that has taken over it.
    • Idea into Concept : In this, the idea the marketing team comes up with will be turned into a reality. But first, it is tested in a controlled environment to see if it will actually work or not. The idea is turned into a prototype, which is screened to see if it can be made or not. Once it is made, it is given out to a few volunteers, who try it. If the volunteers like the product, they are asked for their suggestions. Based on those suggestions, the product is improved and changes are made, so that, the actual customers will like it.
  2. Strategy Employed - After the screening process is finished, the selected product is put up for production. This product will be released to the market soon. So a strategy is put in place to provide optimum efficiency in production. The production of a new product is supposed to cost less as the product is not in demand yet. A plan is made to help the production department allocate the resources to produce the best output. The strategy is made by the management as they have control over the production system. The design of the product and the mix used to make the product needs to be correct to produce a good output.
  3. Product Development - This is not the final stage of the actual product development. But this is the final stage in the development of the product. The company starts the production in limited quantity. Since the product is new to the market, the company plays it safe by only putting out a limited number of products. After seeing the actual demand of the product, the production increases. The product is developed according to the need of the customer. The concept is changed and improved according to what is demanded in the market by the customers.
    There is at times a hype created about the product, while it is in its development stage. This is done so that the initial demand is more than the supply. This helps in launching the product at a high price and generating more revenue. More information about this is provided in our new product development assignment
  4. Product Launch - One of the most critical times for a company is the launch of a new product. A new product can either bring a lot of profit or a lot of loss. The launch of a new product is the deciding time. The company starts announcing and spreading the news about the product, months before it is released. This helps the company sense how the product is going to do. The way the public reacts to the initial announcement of the product tells the company a lot of things. But once the product is launched, the company can only wait.
    That is why hype generation is important for a product. This helps the company sell enough products, to break even. If the company does not sell more products, it has recovered its initial cost. But if the product does well and there is more demand for it, the company starts manufacturing more units to sell.
  5. Post-Launch Evaluation - It is important to evaluate after the launch to see if there are any further improvements that can be made for the next launch.
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