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6 Gold Things About Product Development (0)
by chandy
Tuesday, 27 May 2008. 05:15
     
6 Gold Things About Product Development
1. Create New Market
Do something new, and do it better.
Create a unique and entirely new market segment. Help a client enter an existing market segment. To approach these two market challenges, we call upon our ability to study user behavior and develop a solution. Experience shows us that understanding user needs is essential to creating desire and a competitive advantage.

2. Reduce Cost
React fast.
When competitors can enter the market with products that offer similar features at a lower price point, we help our clients respond quickly. Our goal is to retain and enhance the function of the product and maintain the essence of a brand's integrity. Our knowledge of materials and manufacturing helps us get products to market at a lower price and a higher level of quality.
3. Product Updates
Stay ahead of trend and technology curves.
The need for Product Updates arises for two reasons: aesthetics and technology. Many products are seasonal or need periodic design freshening to keep them current with trends in the marketplace. For fashion-oriented products such as cars, bikes, and skis, staying ahead of the trend curve is essential.
The second need to update products is technology. Changes in materials and manufacturing, such as moving sheet metal products to injection-molded plastic or changing through-hole components to surface mount, demand product design revisions to stay current and competitive.
4. Aesthetic Impact
Getting noticed matters.
And being desired matters even more. After all, getting a product on the shelf only matters if you can get it off the shelf and into the hands of consumers.
5. Technical Solution
Almost every project requires a technical solution.
Designing components that fit, developing mechanisms that work, creating products that last — these are the types of challenges our mechanical and electrical engineers thrive on. Whether clients have ideas for a new feature but don't know how to execute it, need to re-engineer a product due to safety concerns, or simply need a fresh pair of eyes and a smart pair of hands, we have the expertise to help.
6. Competitive Threats
Stay one step ahead of faster, cheaper, bigger, smaller.
We help clients counter competitive threats with a product that's better and smarter. By pairing industrial design with engineering as early as the conceptualization stage, we're able to help clients respond to competitive threats effectively and quickly, which is critical to maintaining brand equity as well as market share.



 
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