Organize a Product Development Team Be Your Program Manager WRLymanGroup SocioBusiness Collaborations

Entrepreneurs & Small to Medium Enterprises

- Organize a Product Development Team – Be Your Program Manager

When developing a product or service, start with the least invasive and least expensive option.

For example:

Entrepreneurs can promote and sell their products and services on a Global Business Platform> …start with the least invasive and least expensive

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Whatever your business “Don’t design overly complex models and prototypes until the product or service demonstrates it’s worthy of this kind of organizational resource.”

- Organize a Product Development Team – Be Your Program Manager – On Your Way to Working Capital should include traditional stages of development – Form Your Team

The traditional stages of development, broadly defined, include (1) exploration; (2) product description; (3) development; (4) testing; and (5) launch. More specific elements include:

• Marketing opportunity identification
• Strategic alignment
• Concept development or new product idea generation
• Competitive positioning
• Resource identification
• Design-to-cost analysis
• Manufacturing development
• Commercialization

· Build on market knowledge.

· Avoid previous mistakes.

· Reduce development cycle time