Leading Change through Integrated Product Development Assignment

Leading Change through corporate Product Development - Assignment ExampleThe success or failure of a crossroad purely depends on the customers. A crossing would retain its market if only if it meets the expectations of the customer. This clearly reveals that a products lifetime is in the hands of the drug users. Some products fail, even if they are manufactured by considering the requirements of the customer. The reason is that it power not be usable for the specific user group to which it was think to be. The target group must(prenominal) be decided well in advance to ensure that the product is developed particularly for that user group. The goal of a product manufacturing company must be to prepare products that are suitable for the intended user group. This goal stack be achieved by implementing certain unique techniques which makes the process easier. These techniques, in turn, differentiate the ways in which a product can be developed to suit the target group. This get out ensure that the product serves the intended purpose. Instead of changing the way in which a product is developed, the companies can implement these techniques after which they can be sure of achieving their mission. An organization generally creates and develops a product found on the customers requirements. Once the clients requirements are received the product is developed. A product cannot be developed without a well-defined set of principles. (Rainey, 2005) This is accomplished using product wariness and its techniques. Product management is a complete set of techniques and principles that define the way in which a product should be developed. Implementing these principles eases the process of product development and marketing. These principles are implemented to manage initial requirements, costs of the product, allocation of resources and managing risks that may arise in the product development process. Management defines the way in which a product must be developed and proposes certain strategies and planning procedures.