ENTREPRENEURSHIP

Detailed explanation-1: -Innovation product development is the process of applying digital product engineering to a business’s innovation goals, thereby transforming innovative ideas into reality. It entails all activities involved in turning a concept for new and better user experiences into real-world products.

Detailed explanation-2: -Product development and commercialization is the supply chain management process that provides structure for developing and bringing to market new products jointly with customers and suppliers.

Detailed explanation-3: -Commercialization is the process of bringing new products or services to market. The launch or commercialization of a new product is considered the final stage of new product development (NPD).

Detailed explanation-4: -1: Research. Observations and experiments during research activities often lead to discoveries, innovations, and inventions. 2: Innovation disclosure. 3: Intellectual property assessment. 4: Protection. 5: Commercialization assessment. 6: Spin-out or partnership. 7: Licensing. 8: Revenue. More items