In present scenario of pandemic, IT organisations and Pharmaceutical organisations are growing with full momentum, but other organisations also slowly coming back to track. Banking organisations are first organisations among the recovering sectors. Then comes the industrial and capital goods sectors which are looking interesting and could be among best performers this year. Hence, after the top performing IT and Pharmaceutical organisations, Banking, Industrial and Capital Goods organisations will be top performers this year. Then next top performing organisation would be construction materials organisation like cement and steel sectors.
STEPS TO SUCCESSFULLY DEVELOP A NEW PRODUCT: Various phases for successfully developing the product are: 1. PLANNING: It is also known as zero phase since it precedes the project approval and launch of the actual product development process. this phase begins with corporate strategy and includes assessment of technological developments and market objectives. the output of this phase is project mission statement, which specifies the target market for the product, business goals, key assumptions and constraints. 2. CONCEPT DEVELOPMENT: In this phase of concept, the needs of market are identified, alternative product concept are generated and evaluated and a single concept is selected for further development. 3. SYSTEM-LEVEL DESIGN: The system-level design phase includes the definition of the product architecture and the division of the product into sub-systems and components. The final assembly scheme for the production system is usually defined during this phase as well. The ...
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