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Product Development Process: How to Bring Innovation to Life

Altexsoft

A company can’t benefit from a single unchangeable product eternally, no matter how popular it has been. There comes a time when you have to bring something new and exciting to the market — be it just a useful add-on or a revolutionary technology. Substitute — Which features can be replaced to make your product better?

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Product Life Cycle: How to Extend Your Product Market Presence

Altexsoft

In this article, we’ll define the basic features of each lifecycle stage relying on common product lifecycle representation first introduced by Raymond Vernon in 1966, a US economist, and give you some tips to prolong the product success. Product life cycle. Minimum Viable Product. Stage 0: Development.