New product development with 6 steps timeline

Description:

The image is of a PowerPoint slide titled "New-Product Development with 6 Steps Timeline," which is designed to outline the stages involved in creating and launching a new product. The timeline is represented by a stylized pathway with six circular checkpoints, each corresponding to a different phase in the product development process:

1. Idea generation and screening stage (1-2 weeks)

2. Analysis (4-6 weeks)

3. Evaluate your concept (2-4 weeks)

4. Development of product (6-8 weeks)

5. Assess marketing (8-10 weeks)

6. Commercialization and evaluate market performance (10-12 weeks)

Use Cases:

This slide can be utilized across a variety of industries for different purposes:

1. Technology:

Use: Illustrating the process of developing new tech products.

Presenter: Product Manager.

Audience: Development team, investors.

2. Consumer Goods:

Use: Planning and tracking the creation of new consumer items.

Presenter: Brand Manager.

Audience: Marketing department, R&D team.

3. Pharmaceuticals:

Use: Demonstrating drug development and approval phases.

Presenter: R&D Director.

Audience: Research scientists, compliance officers.

4. Automotive:

Use: Staging the design and launch of new vehicle models.

Presenter: Project Lead.

Audience: Engineering team, sales force.

5. Startups:

Use: Guiding startups through the product lifecycle.

Presenter: Entrepreneur.

Audience: Startup incubator participants, angel investors.

6. Education:

Use: Teaching business students about product development cycles.

Presenter: Professor.

Audience: Business and marketing students.

7. Consulting:

Use: Advising clients on how to efficiently bring new products to market.

Presenter: Consultant.

Audience: Client companies, management teams.