Innovation distinguishes between a company that leads and a company that follows. We can help you to break free from the pack, and lead.
We do this by offering an end-to-end new product development service.
New product development (NPD) is the complete process of bringing a new product to market. A central aspect of NPD is product design, along with various business considerations. New product development is broadly the transformation of a market opportunity into a product available for sale.
NPD requires an in-depth understanding of customer needs and wants, the competitive environment, and the nature of the market. Cost, time and quality are the main elements that drive customer needs. Aiming at these three variables, Innovolo develop continuous practices and strategies to better satisfy consumer requirements and to increase our clients’ own market share by a regular development of new products.
There are many uncertainties and challenges which companies must face throughout the process which can be alleviated by utilizing the Innovolation Framework. The use of best practices and the elimination of barriers to communication are the main concerns for the management of the NPD .