What is Product Development?
Product development is a process of developing new product or service to market, from idea generation to launch. It constitute various activities, market research, product design, development, testing and launch. The primary objective of the is to create a product that meets customer needs and business objective.
Product Development Vs Product Management
Product development focuses on creating the product, product management is responsible for the product’s life cycle. Product managers deal with tasks such as market research, competitive analysis, and feature prioritization. Product development teams take these inputs and turn them into a tangible product.
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