Q 1

What are the major process in new product development process?Briefly describe each stage with hospitality examples?

Instruction for this question

First give instruction so you have to choose one product and discuss it by using 8 stages of new product development. give examples for each stage. don't simply write what is each stage be on point . 1) Idea generation 2) Idea screening 3) Concept development and testing4) Marketing strategy 5)Business analysis 6) Product development 7) Test marketing 8) commercialization. or you can open the link at the end give conclusion.

Stage 1: Stage 2: Stage 3: Stage 4: Idea Idea Concept Generation Screening Development Market Strategy & Testing Development Stage 5: Stage 6: Stage 7: Stage 8: Business Product Market Testing Analysis Development & Pricing Commercialization