Product Development  Product Development is the structured process of ideating, designing, building, testing, and launching a new product or service to address a market need or business opportunity. It involves both technical and business-oriented activities, combining research, engineering, design, marketing, and customer feedback loops. Typical stages of product development: 

1. Idea Generation: Identifying market gaps or problems worth solving. 

2. Concept Validation: Assessing feasibility, market demand, and financial viability. 

3. Product Design & Prototyping: Creating early models or MVPs (Minimum Viable Products). 

4. Development: Engineering the final product. 

5. Testing: Conducting quality assurance, usability tests, and market trials. 

6. Launch: Introducing the product to the market. 

7. Post-Launch Iteration: Continuously improving based on customer feedback. 

Effective product development ensures product-market fit, minimizes risk, and maximizes long-term business value.