![Illustration of the Eight Stages of New Product Development Flow Illustration of the Eight Stages of New Product Development Flow](https://easy-peasy.ai/cdn-cgi/image/quality=80,format=auto,width=700/https://fdczvxmwwjwpwbeeqcth.supabase.co/storage/v1/object/public/images/17fbef66-ecaf-4bcd-ae90-0dd2131951f8/4aa03e54-4113-4010-aafd-f31c5d4c9cd9.png)
New Product Development Process: From Idea Generation to Commercialization
Prompt
Illustration depicting the eight stages of new product development flow. The first stage represents 'Idea Generation' with a lightbulb symbol. The second stage depicts 'Idea Screening' with a magnifying glass inspecting lightbulbs. The third stage of 'Concept Development and Testing' shows a blueprint design. The fourth stage, 'Marketing Strategy Development', has a target and arrows. In the fifth stage, 'Business Analysis', charts and bar graphs are shown. The sixth stage, 'Product Development', displays a prototype of a product. The seventh stage of 'Test Marketing' shows consumers evaluating a product. And finally, the eighth stage, 'Commercialization', displays a product displayed in a market or store shelf.
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