Discuss the new product development process.

n physics, energy is defined as the ability to do work. When most people think of energy, they think of electricity. The energy that is used to produce electricity is derived from a number of resources. Much of the energy used today is obtained from fossil fuels. However, these resources are limited. As a result, alternative and renewable resources are being explored for production of electricity.Using the readings for this module, the online library resources, and the Internet, respond to the following:
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Discuss the new product development process.

The New Product Development Process

In preparation for a presentation to the CEO of the organization next week on a product development strategy, prepare the following paper:

Choose a product (not a service) which means it must be tangible. Prepare a paper addressing the following tasks on your selected product.

Checklist:

Describe your new product. You have many choices. It could be a classically innovative product, new-category entry, an addition to the product line or line extension. It could even include more minor product changes like product improvements, repositioning, or cost reductions.
Discuss the new product development process.
Discuss your new product launch strategy. Recall, launching requires that objectives be set, the strategy be developed, and that the implementation be planned and executed. Implementation is often a key factor in product failure.
Discuss the pricing strategy for your new product
You will provide a 3–5 page (APA formatted) paper with at least three supporting references. You should include at least one illustration which can be included in the body of your paper or appendix.

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