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There are 8 Step Process Perfects New Product Development Step 1: Generating. ... Step 2: Screening The Idea. ... Step 3: Testing The Concept. ...

There are 8 Step Process Perfects New Product Development

Step 1: Generating. ...

Step 2: Screening The Idea. ...

Step 3: Testing The Concept. ...

Step 4: Business Analytics. ...

Step 5: Beta / Marketability Tests. ...

Step 6: Technicalities + Product Development. ...

Step 7: Commercialize. ...

Step 8: Post Launch Review and Perfect Pricing

Imagine you're working for Vinfast and responsible for developing its electric cars.

Apply 8 steps of New Product Development (NPD) to the case of Vinfast to explain how Vinfast has developed a business idea into a product and launched it into market.

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