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Consolidation of the New Product Development Process

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  • Yordan Nedev

    (University of Economics Varna, Bulgaria)

Abstract

The article aims at creating a consolidated model for new product development (NPD). The methodology of this study consists of a cabinet study. The scope of the research are full text publications on models for NPD. The limitation of the research is focusing on methodologies for NPD. The main finding is that the proposed model decreases the total time for research and development. The classical NPD processes are extended by software assisted processes for NPD. The practical implication concerns the usefulness of the proposed NPD models for generating new corporate know-how. The main conclusion is the existence of the real possibility of minimizing the time for NPD when modeling the process for it with specialized software.

Suggested Citation

  • Yordan Nedev, 2022. "Consolidation of the New Product Development Process," Economics and computer science, Publishing house "Knowledge and business" Varna, issue 1, pages 35-40.
    • Handle: RePEc:kab:journl:y:2022:i:1:p:35-40
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    File URL: https://eknigibg.net/Volume8/Issue1/spisanie-br1-2022_pp.35-40.pdf
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    References listed on IDEAS

    as
    1. Keith Goffin & Fred Lemke & Ursula Koners, 2010. "Identifying Hidden Needs," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-29448-6, September.
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