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New Product Development Product Development Company

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 Product Development Company

Electromechanical Products – They Don’t Appear Out of The Blue!

While new product development is the systematic process of designing, developing, and taking the new product to the market on behalf of innovators, electromechanical product development is the same process.

Electromechanical products are those, as the name signifies, that comprise both electrical and mechanical components. While the overall concept of electromechanical product development remains the same as normal product development, realizing or developing electromechanical products requires additional electrical and mechanical engineering. Although the addition of electrical engineering and mechanical engineering processes or procedures to product development may sound simple, it is not so.

Electrical engineering is a broad engineering genre, which pertains to the study and application of not only the electronics and electricity but electromagnetism, as well. While these are unfathomable subjects to a normal person, the end products of electrical engineering are all the things that run on some form of electricity, which we normally see around us daily. Ranging from light bulbs to power grids to computers to smartphones to automobiles to spacecraft, everything that requires some sort of electricity to operate is a result of electrical engineering.

Mechanical engineering is even a broader field of engineering than electrical engineering. It involves the study and application of mechanics, thermodynamics, kinematics, electricity, structural analysis and material science to name a few. Again, these are

difficult-to-understand concepts, but the end products of mechanical engineering are machines and devices that we see around us every day. Wristwatches, toasters, shower faucets, door locks, elevators, automobiles, aircrafts, are all some of the finest examples of machines and devices that resulted from mechanical engineering.

These days, more and more people demand new and revolutionary electromechanical products – products that could change their lives, make their everyday tasks easier. Innovators do have the potential to come up with breakthrough electromechanical product ideas, but realizing or materializing these ideas into real products on their own is something quite impossible to achieve. Fortunately, there are certain product design and product development companies that help these innovators fulfill their dreams.

New product design and product development companies, which are capable of developing new electromechanical products have extensive skill sets that innovators need. These product design and product development companies have the product designers, product engineers as well as industry leaders (think-tanks) who can utilize these engineering principles and work along with tools like CAD (computer-aided design) programs and PLM (product lifecycle management) solutions to generate designs, create prototypes, and eventually final electromechanical products. Not only electromechanical products, but using their skill sets, these product design and product development companies can create medical device products, products with electronics, products with imbedded software, and pretty much most of the unique products.

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

Led by industry veterans having over 40+ years of experience, the GID Development Corporation is a product design and produce development company based in California, USA. They have the in-house capabilities to complete new product design, product development, product prototype development, production setup, product manufacturing, branding, packaging and other product fulfillment services. Utilizing the latest technologies, like Dassault Systèmes’ 3DEXPERIENCE platform that includes CATIA V6, ENOVIA, 3DVIA, SOLIDWORKS, 3DEXCITE, and more, GID Development Corporation significantly reduces the product fulfillment time and cost, i.e. product design time and cost, product prototype development time and cost, etc., allowing them to accomplish their customers’ vision quickly, at reduced costs.

Whether it is the designing, prototyping and development of revolutionary electromechanical products, medical device products, products with electronics, products with imbedded software, or any other types of products, GID Development Corporation will “Get It Done.”

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

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

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Product Development Product Development Company

Development of Medical Device Products

Developing medical device products is in most ways no different from developing any other kind of product. Therefore, let us first look at the similarities of generic product development and medical device product development.

How medical device product development is similar

Development of any product, whether it is an electromechanical product, a product with electronics, a product with imbedded software, a medical device product, or any other type of product, involves the following necessities:

  1. Understanding the precise needs of an innovator and the stakeholders
  2. Recognizing all the constraints of new product development
  3. Implementing a coherent way of realizing the needs, i.e. creating an effectual new product design after thorough research
  4. Proving that the product development company has met the needs of realizing a new product, i.e. developing new product prototypes and thereafter finalizing the prototype based on which mass manufacturing can initiate
  5. Taking the new product to the market

The development of medical device products also faces certain specific challenges, which also affect many companies these days:

  1. Fierce competition
  2. Take the new product to global markets
  3. Shorten development time as well as time to market

How medical device product development is different

The cardinal difference between generic product development and medical device product development is the highly controlled domain in which medical device products are developed, sold, and utilized. From the very early days, the medical industry has been operating within stringent compliance structures. This has repercussions that need to be considered carefully:

  1. Regulatory agencies always demand proof of compliance, and to make things worse, regulations vary between markets
  2. Conflicts with regulatory agencies can result in substantial damage
  3. Product designers need to record and show traceability from the actual user needs through to the delivered products
  4. Product manufacturers need to have a system set up that ensures consumers’ requests and complaints are managed and resolved
  5. Everything needs to be recorded / documented and reported
  6. Ineffective product can cause injury or even loss of life

Safety has always been one cardinal aspect when it comes to the development of new medical device products. In addition, technology, especially software application, is emerging as a crucial differentiator. Medical innovations powered by technology / software application range from the robot-assisted surgery to automation of lab work and reporting of results. The imbedded software has the capability to keep up with rapid product development, because product development companies can add functionality more quickly to a software application, than to the hardware. If the product development company cannot assimilate software into its product fulfillment processes, the time to roll out new products increases. For that reason, it is crucially important to connect software development to product design and other product development processes.

Everyone needs to consider different sets of regulatory requirements when it comes to medical product development. This can get complicated because different regulations are based on different philosophies. Local regulations, for instance, the FDA, are based on results and not on proposing specific activities. Many international standards, however, propose ways of working. For that reason, medical device product manufacturers need to find a balance. It can indeed add more complexity towards maintaining compliance with applicable regulations.

Failure to comply with any of these regulations can result in grave consequences. These can include large fines, shutting down of the company, and even jail.

Best approach to the development of medical device products

As mentioned, medical product development needs absolute adherence to different regulations, pertaining to the medical industry; hence, the best approach to the development of medical device products is to partner with a reputable product development company, like the GID Development Corporation (https://www.gidcompany.com/), that has an extensive experience in the realms of product development for the medical sector.

New product development companies, like the GID Development Corporation, know the severe compliance structures of the medical industry. Complying to those structures, along with using the latest technologies, these product development companies can build medical device products that adhere to all the necessary standards of the medical industry. They have tools and technologies, for instance, Dassault Systèmes’ 3DEXPERIENCE platform, which enable them to create pragmatic product designs and prototypes quickly, accurately, and economically. With these technologies and knowledge, new product development companies not only can realize a product quickly but can also materialize a product that could prove lucrative to the innovators and stakeholders.

Thus, in order to realize new medical device products, innovators should collaborate with product development companies that have enough knowledge about the medical industry. Some companies can even help these innovators take their new medical device products to the local as well as international markets.

Learn more about GID Development Corporation, their engineering procedures, the technologies they use, and how they can help bring a product idea to life, by visiting their website 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.

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Product Development Product Development Company

How to Convert An Idea into A Rewarding New Product

Someone’s dare to think out-of-the-box and bringing those unbelievable product ideas to life have revolutionized the human civilization. These new products have certainly made our lives more comfortable and easy. In the 21st century, new product development not only fuels the economy but at the same time, it also wins the heart of people wherever it goes. New product development holds a long, rewarding history, and during this course of time, we came across thousands of success stories that inspired us and failure stories that taught us a lesson and left us thinking, “What went wrong?”

So, is there any way to aid entrepreneurs avoid or overcome product development pitfalls? According to the GID Development Corporation, there are many tricks to ensure successful new product development, even if you are new and don’t know anything about custom product development. In the last 40 years, The GID Development Corporation has helped hundreds of businesses transform their ideas into rewarding new products. This not only helped businesses boost their economy but simultaneously helped them sustain the fierce competition and create a vibrant brand name in their respective industry.

As the need of every new product development is different, the journey of every entrepreneur is also different. Here are six tips to get you started on the path of success, and they are as follows:

Take a fresh start with your idea– When it comes to successful new product development, there is nothing like a shortcut. Before you initiate a new product development process, it is recommended to thoroughly analyze your market, understand your end users’ requirements and expectations, what features are needed, and most importantly, what your competitors are offering. Keep your mind open and try to collect as much data as you can collect before you make any move. Some other points to consider are overall manufacturing cost, product’s retail price, your profit margin, and competition in the respective market.

Don’t forget to validate your market– This step is one of the introductory steps to custom product development and according to the product development experts, this step should never be ignored or overlooked. We are creative, and when we own a new product idea, we get mesmerized by our concept and tend to put earmuffs and blinders on. For instance, you work in a company where your task is to advise your boss as to which product will yield maximum ROI. The most reliable method to find out this is to ask them “Your Targeted Customers” about their likes, dislikes and expectations by conducting the survey.

Keep it simple– Often times, due to overexcitement, we include showy features that are unnecessary. These unnecessary features not only make the manufacturing process complex but also increase the overall manufacturing cost and time. Developing premium quality products with only necessary features with an affordable price tag can generate more sales and more profit.

Fund Raising– You will need a lot of money for manufacturing a product from scratch; hence, to overcome the financial problem, you can try options such as microloans, credit lines, crowd funding, and other online funding alternatives that suit your business. To help you in your venture, here are some options from where you can raise the funds, and they are: SoMoLend, Opportunity Fund, Accion USA, Kiva Step Ahead Loan Program, and Kabbage. Moreover, with mere efforts, you will easily find an investor for your project.

Product Prototype Development– Product prototype development is the most important phase in new product development. Once you approve the product design, instead of initiating the bulk manufacturing process, start with something basic like rapid prototyping of the concept that can be refined repeatedly. It does not need to be fancy or costly. The reason behind the product prototype development is to test the functionalities and to conclude whether your idea is feasible or not.

Have a business plan ready– It has been observed that most entrepreneurs ignore the importance of the business plan. But, the fact is, a tactically framed business plan helps you enter the market more swiftly and efficiently. A business plan will help your products / services gain instant clarity, focus, and market trust. A single business plan can answer many questions at a time such as:

  1. What am I manufacturing?
  2. Who are my targeted end-users?
  3. What is my commitment to my customers and to myself?
  4. What are my goals, strategies, and action steps to accomplish these business goals?

If you are new to custom product development, or if you need any help related to custom product manufacturing, then Call Jim Grimes at 714-323-1052.

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New Product Development Product Manufacturing

Why a Company should Consider New Product Development in 2015

The year 2014 was quite competitive for businesses, and the competition is expected to reach new heights in the year 2015. Therefore, every business needs to innovate in order to survive and to stay ahead of the competition. Offering the same unchanged products to your customers will decrease your profit margin as well as the reputation of your brand in the respective market. Here, we will summarize some facts about why a company should consider new product development after a periodic interval of time.

Customers “Needs and Wants” Change– Customers’ requirements and necessities continuously change with the time. Therefore, to survive, a company should answer these changes through their services and innovative products. If they fail to cope up with the “Needs and Wants” of their customers, the customers will instantly switch to competitors’ products that meet their requirements and necessities. The tech-giants Google and Apple are the best example. Both of them frequently update their product offerings to satisfy end users’ requirements.

Life Cycle of a Product– Every product comes with an expiration date. The product that you introduced a ways back may be at the end of its life cycle; therefore, as a smart entrepreneur, you should launch new and improved to please and attract your customers. For example, Apple Inc. recently introduced iPhone 6 and iPhone 6 plus as iPhone 5 and 5s were outdated, and end-users were waiting for something amazing and incredible.

Product Reaches its Maturity Stage– Technology has penetrated in every industry, helping them create innovative and more functional products in less time. Because of this penetration, products very soon reach their maturity stage. End-users also constantly search for innovative products with version updates and new features. Introducing new or updated products can stimulate sales.

Level of Competition in the Respective Market– Either small, medium or large, the level of competition around every business is constantly intensifying. A healthy competition inspires a company to come up with new products regularly. This is very common in the technology market, where new products with advanced features are constantly being launched to a target market that welcomes innovation and change. If a product successful, then competitors will try to create a similar product with better features.

Unsuccessful Products– Unfortunately, if your products are facing poor sales or experiencing negative reviews, then it is time to upgrade your product offering.

Despite the size of your business, new product development is a significant activity for every business. There are many over the top advantages of product development, but the most important ones are it allows you to stay ahead of the competition. To know more about why a company should consider new product development in 2015, contact the GID Development Corporation at www.gidcompany.com/contact-us

While considering these facts, businesses should also look into Product Development and Factors to Consider Before New Product Development, which will help them create a new product to survive and to stay ahead of the competition.

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Product Prototype Development

Professional Product Prototype Development Service in the USA

Product prototype development is one of the cardinal preliminary steps in the product manufacturing process. It is nothing but a three-dimensional model of your concept. Developing a prototype, in fact, can be the most interesting and rewarding step you will take, as an entrepreneur. You can develop a prototype at your home or hire a product prototype development company, and see your idea take a form into something real and tangible.

Creating a primary prototype for your perceived product is an essential part of making your concept a solid reality. A product prototype lets you test the functionalities, as well as aids you to impress your financiers and targeted customers. Here, we will explain some of the key elements of product prototype development that you should keep in mind while developing a prototype.

Getting Started

First things first, for effective prototyping, you will require the help of someone who is skilled in designing applications like CAD and its alternatives. Develop a digital model of your product that can be observed on a 3D plane. While generating a digital mockup, ensure that angles and connections are mathematically sound.

Simple is Beautiful & Useful too

During product prototype development, keep in mind that the fewer parts mean lesser intricacy of the prototype. If you are generating a prototype for an electric product, ensure that the prototype doesn’t have unnecessary and dead connections. In case of a tangible non-tech product, ensure to make it aesthetically beautiful, appealing, and user-friendly. A rule of thumb for successful prototype is to keep it simple and include as few components as possible, as it can offer the most organized look to your design. Hide or reduce unnecessary wiring, and if possible, combine multiple components into one.

Time to convert the digital model into the physical prototype

At the end of the above step, you will have an enhanced digital model; therefore, it’s time to convert the digital mockup into the physical model. Following the diagrams, you generated on your computer, use foam, wood, or cardboard to develop a non-functional model of your product. Of course, the process may be a bit tedious and frustrating; however, it is an essential step. Once you have the physical prototype of your product in your hand, you can analyze it to conclude, whether it is the mockup you were intending for or not.

Time to Turn a Physical Prototype into a Functional Prototype

Trying to impress your potential financiers and customers with a prototype made from foam or cardboard is not at all advisable. Well, to be honest, here comes the most complex step in the process of product prototype development. Prepare a list of the parts you require. If it is an electronic product, then ensure that all the connections are made and double-checked by someone experienced in electronics. Visit local shops to buy the necessary materials to create a functional prototype. A complete set of tools and workbench will allow you to develop a sophisticated prototype.

After Testing, It’s Time to Refine your Prototype

Do not let your spirit down if your first prototype seems like a second-grade school project. It is true; at the first attempt, your prototype may won’t appear subtle at all. However, keep moving and test the functionality. If your prototype functions properly, then all you need is to do is to tweak the external looks. You may have to develop multiple prototypes before you achieve the one that is quite close to your actual concept. After making the final touches, your prototype is ready for presentation.

Once your prototype is ready for the presentation, add a printed manual on its assembly. Develop two prototypes – one in a disassembled form and one in an assembled form, so that you can explain the inner components of the product.

Contact a Product Prototype Development Company

To develop a fully-functional and aesthetically appealing prototype, you require in-depth industry knowledge, prior experience, and most importantly, latest tools for prototyping. If you don’t want to occupy yourself into the complexities of prototype development, then it is recommended to hire the services of an established product development company.

At GID Development Corporation, product prototype development is at our core and involved in every aspect of our product manufacturing process. We have state-of-the-art product manufacturing equipment that facilitates us to do prototype development in a limited timeframe once the design process is complete. If you need any help related to product design, product development, or prototype development, give us a call at 714-323-1052.