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GLOBAL INSTITUTE OF STUDIES

DIPLOMA OF MECHANICAL ENGINEERING


DME 3802
INDUSTRIAL ENGINEERING

Task 4: New Product Development


Process
(10 marks)

Idea Idea Concept Market strategy


generation screening development development

Business Product Market


Commercialization
analysis development testing

For each of the product development stages mentioned above, provide an


explanation on what happens on each stage, what are the activities or tasks
that should be should be done during the stages, and any tools and
strategies that need to be implemented in each stages if any. You may relate
your explanation with one or several examples of product.