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Product Development

Common Mistakes During New Product Development

Common Mistakes During New Product Development

The success of a business enterprise entirely depends upon its products and innovations. Good products and innovations arise from efficient product development strategies. Numerous new products hit the market every week, but not many actually yield the kind of return that the enterprises had expected. So what seems to be the problem?

Most businesses often miss out on several important aspects of the product development process, which ultimately factors to the failure of the entire project. Consequently, they end up overspending and missing the predetermined launch date only to introduce a new product that isn’t precisely the best. In order to avoid this pitfall, what can businesses do? Well, they should avoid the following common mistakes:

Not Performing the Market Research

Prior to the new product development, failing to carry out thorough market analysis and research is one of the biggest mistakes that businesses make.

Not performing the research leads to the failure of the entire project, as businesses have no vital information about what the consumers actually want, how they can meet their demands, and how they can address the prevailing problems.

While every business has deadlines to meet, it is essential to make a habit of performing extensive market research before moving on with the new product development process. This way, businesses can escape any likely mistakes and create a decisive plan that will lead the way for better future product developments.

Not Planning for the Future

A new product development is all about bringing new innovations for the future. Product designers and product developers spend a considerable amount of time in creating solutions that will not only give a respectable return in the present, but also in the future. Not planning for the future factors directly toward bad product development. It will also affect future product development endeavors.

In order to avoid this, ensure to design your new product for the present as well as for the future. This way, you will be able to devise simple, yet useful products with superior features that can also address the future needs. Therefore, when you have a solid idea, ensure to analyze and visualize how it will function and perform in the future with the advent of new technological advancements.

Not Focusing on Product, But on its Benefits

Most businesses believe that a successful new product should offer a number of benefits to its potential consumers. While it is an excellent approach to product development, it may raise several issues and problems in situations where the new product actually cannot provide what was suggested or quoted. Remember, the focus of the product development team has to be on the development of the product itself instead of the benefits offered. Eventually, the consumers will purchase the product for its benefits, but if you do not focus on the limitations of the product, the final result would be an exceptional new product that maybe no one would want to buy.

Pricing it Too Low or High

One of the main objectives of every business is to gain maximum return on the new product they bring in the market. Nevertheless, if the price of the new product is too high, the consumers will not buy it and if the price is too low, the business will fail to make the profit. Therefore, the price of the new product has to be on par with the advantages or benefits it offers. The business also needs to consider the purchasing power of the target market while setting the price for its new product.

Remember, if the price is high, the consumers will probably ignore the new product, and the product will remain on the shelves, leading to a big loss. Therefore, a business needs to ensure to price its new product based on the price its competitors charge.

If you want to learn more about new product development or if you want to create a successful new product, GID Company can help. GID Company, a new product design and product development company in California, USA, has vast experience in designing and developing successful new products for its clients. Utilizing the latest technologies, like Dassault Systèmes’ 3DEXPERIENCE platform, the professionals at GID Company even help develop new product prototypes at reduced costs. Aside from new product design, product development, and product prototype development, GID Company also helps with product branding, product packaging, manufacturing, inventory management, and more. To learn more about GID Company, just visit https://www.gidcompany.com/.

Currently, the new product development expert in the US, GID Company is also offering a free 15-minute telephonic consultation with one of the veterans, Jim Grimes. You can call Jim at 714-323-1052 between 8:00 AM to 5:00 PM PST.

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Product Development Company

Products with Imbedded Software – What are They?

Products with Imbedded Software

Products with embedded software are those that are controlled or operated by computer software. Though not entirely, at least some or most functions of the product are controlled by computer software. Some of the most common examples of products with embedded software are cars, robots, toys, consumer electronics, household appliances, medical devices, industrial machines, and military equipment. While these were just a handful of examples, products with imbedded software could include numerous other things.

Development of products with imbedded software can fall under the field of electromechanical product development. After all, products with imbedded software do contain electrical and mechanical components. Speaking of electromechanical product development, it is nothing but the design and development of products containing mechanical and electrical components or parts. Along with electrical and mechanical components, products with imbedded software, as the name suggests, contain computing element or elements. Computing elements here, i.e. the imbedded software, or you can also call it firmware, predominantly control some or most aspects of a product. For instance, an MRI machine (magnetic resonance imaging, a medical device product with imbedded software or firmware) scans the body only when the instructions are set and given. These instructions are carried out through an imbedded software. The MRI machine will only operate when the instructions are inserted and computed within the imbedded software. Without passing through an imbedded software, this MRI machine will not perform anything and prove entirely useless.

These days, most new products have imbedded software. The design and development of new products with imbedded software, however, is very challenging. Along with mechanical engineering and electrical engineering, the development of products with imbedded software requires additional skills of computer programming. While programming a software that runs on computers or the web may be simple, programming software that can communicate and control something physical is tough. It requires chip-level programming skills and deep understanding in how the software can link and work in harmony with a hardware or physical component. Fortunately, there are some product design and product development companies that have all the skills and resources that help realize or materialize new products with embedded software.

Along with product designers, product engineers, and innovators who deal with the new product design, electrical engineering, mechanical engineering, and general engineering, these product design and product development companies have expert software engineers on board who have in-depth skills in software programming and the ability to develop firmware that can perform computation and communication with a physical product. Not only generic products with imbedded software, but utilizing their collaborative skills, these product design and development companies can create medical device products with imbedded software, aviation equipment with imbedded software, consumer products with electronics and imbedded software, industrial machines with imbedded software, and pretty much any unique products requiring imbedded software to function.

If you are an innovator or have an idea for new products with imbedded software, products with electronics, medical device products, electromechanical products, or any other types of products that you would like to realize and take them to market, the GID Development Corporation can help.

Spearheaded by veterans having over 40+ years of industry experience, the GID Development Corporation is a new product design and new product development company based in California, USA. With an excellent in-house team, they have the capabilities to complete new product design, new product prototype development, final product development, production setup, product manufacturing, marketing, and many other product fulfillment services. Utilizing the cutting-edge technologies, like Dassault Systèmes’ 3DEXPERIENCE platform that includes CATIA V6, 3DVIA, SOLIDWORKS, ENOVIA, 3DEXCITE, and more, GID Development Corporation radically reduces the product fulfillment time and cost, allowing them to achieve their customers’ vision swiftly, in an economical manner. They also use the latest programming languages, like Java, C#, ASP, Ruby, etc. in order to develop suitable firmware for products with embedded software.

Whether the requirement is for designing, prototyping and developing of new products with imbedded software, products with electronics, electromechanical products, medical device products, or any other kinds of unique products, the GID Development Corporation will “Get It Done.”

Learn more about the GID Development Corporation, their product design and engineering procedures, the latest technologies they utilize, and how they help bring a revolutionary product idea to life, by visiting https://www.gidcompany.com/.

You can also Call Jim Grimes at 714-323-1052 between 8:00 AM to 5:00 PM PST for a free consultation.

Categories
Product Prototype Development

How to Get a Product Prototype Developed?

How to Get a Product Prototype Developed

One of the most vital steps in a new product development is product prototype development. In very simple terms, a product prototype is a tangible version – which you can see, touch and feel – of your concept. There are many advantages of getting a product prototype made. First, you will be able to view, and even feel, how your final product will be. Second, you will be able to attract some stakeholders who can finance your new product for mass manufacturing. Third, you will be able to actually test and refine your new product idea before mass manufacturing.

When it comes to new product development, many complications can arise. And you will not know all these problems until you first have a product prototype. Therefore, product prototype development is crucial. Fortunately, when it comes to product prototype development, you do not have to make a product prototype on your own; there are many product prototype development companies that can help develop an accurate prototype in a short frame of time and in an inexpensive way. Here are a few steps that you can learn in order to get a product prototype made quickly.

Create a rough sketch of your innovation, and then create a more detailed drawing. In order to draw these drawings, you can do it on your own with a pencil or paper, or you can take help of someone to sketch your innovation based on your description. Once you have the rough sketches ready, you need to have more detailed drawings made. You need to have computer-aided design (CAD) drawings of your concept. If you know CAD application, then you can do this on your own. If not, you will need to hire someone. These CAD drawings will help you explain your concept to the product prototype development company.

Find a product prototype development company that can develop a good prototype based on your requirements and CAD drawings. If your innovation is supposed to be made from metal, then find a prototype development company that specializes in making metal prototypes. If your innovation is supposed to be made from plastic, approach a company that specializes in plastic product manufacturing or rapid prototyping. Revolutionary rapid prototyping is capable of getting your product prototype ready fairly swiftly.

Get the product prototype redeveloped, until it is perfect with construction and function. No one can get the product prototype perfect on the first try! Several product prototypes need to be made in order to get the right prototype. Of course, there are latest technologies available, for instance, Dassault Systèmes’ 3DEXPERIENCE platform, which includes CATIA V6, SOLIDWORKS, 3DVIA, 3DEXCITE, etc., that can help create an accurate product prototype, but then also, at least few prototypes need to be remade. If not due to functional or structural requirements, the need to redevelop prototype may arise because of valuable feedback from potential customers.

Get the final product prototype mass-produced, and launch your idea to potential customers. A product prototype helps you eliminate all the flaws that your product may have. Once you have the final product prototype, which is impeccable in construction and function, you will come to know that your final product will be free from any problems. Now, since you know that your final product will be free from any problems, you can easily go for mass production and sell your product to the potential consumers.

Need help with product prototype development? Get in touch with GID Company. A leading product design and product development company in California, USA, GID Company provides A to Z product fulfillment services, including new product prototype development and mass manufacturing. To learn more about GID Company, visit https://www.gidcompany.com/.

Currently, GID Company is offering a free 15-minute telephone conference with one of the product design and product prototype development veterans, Jim Grimes. You can call Jim at 714-323-1052 between 8:00 AM to 5:00 PM PST.

Categories
New Product Idea

8 Steps to Take your New Product Idea from Concept to Consumers

8 Steps to Take your New Product Idea from Concept to Consumers

steps involved to bring a simple product idea to life and take it to the market, i.e. to the intended consumers. If you are an innovator with a solid new product idea, wanting to materialize your brilliant product concept, then here are 8 steps that you need to heed and follow.

Step 1: New Product Concept

This step usually consists of rough sketches of your new product idea. If you have not put your product idea or thought, on the papers yet, then you should immediately do so. Doodle rough sketches of your concept. Along with sketches, it will be very helpful to furnish some information about your product. Write down what your product is, what features it will have, how the consumers will use it and so on. If you have knowledge of computer, then prepare the rough sketches and note down the info about your product in a good computer application.

Step 2: Extensive Research

After drawing rough sketches and writing down info about your intended product, you might now have a good overall idea about the new product. Now perform a market research: is there any demand for your new product? Whether any similar product or products exist in the market? If similar products exist, how is your new product going to be better? What region will be profitable? You need to answer such questions in order to create and launch a successful new product.

Step 3: New Product Design Development

After gathering valuable info from an extensive market research, you can proceed to develop feasible product designs for your new product. New product design can be complicated; you need to answer several questions in order to create a viable product design for your new product:

  • What are the functions of my products?
  • Will it withstand rough use?
  • Will it be re-usable?
  • Can the product be developed at a reasonable price?
  • For mass manufacturing, will the manufacturing process be easy? Does the product contain multiple parts?
  • What will be the quality of the product?
  • From which materials can the new product be made?

All these questions and more need to be answered while creating new product designs for your product.

Step 4: New Product Prototype Development

When you get a viable product design, you can then proceed to create prototypes based on the design. A prototype is the first tangible form of your new product idea. You can see it, touch it and actually feel it. A product prototype can be as simple or as complex as you want. With a product prototype, you can actually get a complete picture of your new product. It also helps attract potential stakeholders, and eventually, the capital that is needed for mass manufacturing. Product prototype development in the past was expensive; however, with the advent of new technologies, for instance, Dassault Systèmes’ 3DEXPERIENCE platform, new product prototype development is now cost-effective.

Step 5: Testing & Feedback

This is a very important step. Once you have a solid product prototype, you can perform various tests on it. Test it to see whether it works the way it is intended to work. You can also test its sturdiness. After testing the prototype, give it to a group of potential consumers and see how the consumers react. The group of potential consumers will also give valuable feedback, which you can implement before developing and launching the final product. If certain tests fail, or if there are certain features that need to be added, you can go back to Step 3 and Step 4. Thereafter, you again need to perform Step 5. You need to keep on doing this until you achieve a well-accepted product prototype.

Step 6: Mass Manufacturing

Once you have a well-accepted product prototype, which has passed tests and has all the features that the potential consumers had suggested, you can proceed to mass manufacturing. For mass manufacturing, you can go to an already established manufacturer, or you can set up your own production facility; it all depends on the capital you have.

Step 7: Quality Test, Packaging, and Branding

The final product needs to pass through various quality tests. The final product should be flawless in terms of quality, design, and functionality. While the final product is going through quality tests, you need to come up with suitable packaging for the product. You cannot simply give a bare product to the consumers. You need to have a proper package for your product. Along with the packaging, you also need to develop a brand name of your product. You need to come up with unique, enticing logos for your product. Further, you also need to develop certain promotional items for your new product. Advertising and publicity are also necessary in order to let the consumers know about your new product.

Step 8: Launch

Finally, it is time to launch the product in the market. By now, you will already have enough stock of your product. Arrange for the proper channels for your product distribution. You will also need to arrange or set up proper outlets where you can sell your product.

Well, that is it. These are the steps that you need to heed and follow to bring a new product of your own into the market. Mind well, these steps may look simple, but they are not. It requires considerable time, effort and resource. While you can do these all on your own, there are certain product design and product development companies that can help you out. For instance, GID Company can help you materialize your idea, and also help take your new product to the potential consumers.

GID Company is a product design and product development company based in California, USA. They have numerous years of experience in new product design and product development. Whether it is new electromechanical products, medical device products, products with electronics, products with imbedded software, or any other types of products, GID Company can design, develop, and deliver it to the market.

Learn more about GID Company by visiting https://www.gidcompany.com/.

GID Company is also offering a free 15-minute telephone conference with one of the product design and development veterans, Jim Grimes. You can call Jim at 714-323-1052 between 8:00 AM to 5:00 PM PST.