Pertains to the development of new or improved products and services, including methodologies and lifecycle management.
The sequence of activities and processes that add value to the goods and services in a company.
Usability - The ease of use and learnability of a human-made object such as a tool or device.
Having physical form.
A speaker finishes the invention of a phrase or sentence that wasn't completed by the time unexpectedly jumps, or pauses.
Service innovation creates customer value by enhancing customer experience via new services, and/or service delivery channels and processes.
The process of changing the design of an application or product so that it looks better and is easier to use.
Product improvement refers to reforming current products in your product line by boosting their functions and features.
The product lifecycle is the entire journey a product takes from production to sale, continuing to after-sales and end-of-life.
Platform innovation refers to the process of creating a development platform, ...
A good, service, or idea that is perceived by some potential customers as new.
A new or improved service delivered to a customer or market which costs less to operate, or sells at a higher margin.
Developed as a unit, in such a way that it can be used individually to carry out a specific function; an independent whole, not depending on other parts.
Raw substances or parts used for producing final products.
The process of converting raw materials, components, or parts into finished goods that meet a customer's expectations.
Lifecycle Management refers to the efficient monitoring and maintenance of a system or product. A product is continually iterated, developed, and improved based on an understanding of it's lifecycle.
Experience Design is the practice of creating meaningful and memorable interactions that engage users at every touchpoint with a brand or service.
Customization: Tailoring products or services to meet individual customer preferences or requirements.
Logistics Innovation is the application of novel methods to improve efficiency, speed, and reliability in the supply chain and distribution.
A wireframe is a two-dimensional outline of a website or app and thereby provides a clear overview of the layout, user flow and structure.
Essentially a prototype of a service experience, the simulation may consist of role play or a full-scale example of a service delivery.
Product Refinement is the process of making incremental improvements to an existing product. It happens after opportunity identification, when the innovator improves a prototype.
Product Launch is the process of introducing a new product to the market, from initial development and testing to final release.
Product innovation is the process of introducing new products or significantly improving existing products to meet customer needs and preferences.
Product development is the process of creating a new product that is ready to be launched. It includes research, design, prototyping, testing, and production to bring the product to market.