In a bold move to enhance its technological capabilities, OpenAI has announced the acquisition of Statsig, a product development startup, for a staggering $1.1 billion. This strategic investment ...

Product development programs meet two types of measurable goals – goals that relate to the product itself and goals that integrate product development with broader business goals. Product ...

The development of a new product can involve numerous hours, dozens of workers and high startup costs. Deploying these resources most efficiently requires a strategy.

These examples demonstrate that experimentation is not limited to surface-level design. It is a strategic tool that spans product, engineering, marketing and even business model decisions.

Product Development For Longevity Because it’s so cross-functional and so tied to customer outcomes, product development is a huge operational challenge but a necessary code to crack.

In this paper, we use an industrial example both to illustrate some of the costs and benefits of platform-based product development and to motivate the development of a mathematical model. The model ...

A study of portfolio management practices in industry reveals three goals: maximizing the value of the portfolio, achieving the right balance and mix of projects, and linking the portfolio to the ...

Consumer Product Development Specialist Consumer product development scientists use principles of chemistry, physics and engineering to study and develop products that range from food and personal ...

James M. Morgan and Jeffrey K. Liker, authors of The Toyota Product Development System, Integrating People, Process and Technology (2006, Productivity Press), offer the following product development ...

Metrics change slowly. This is especially true in R&D and product development, and for many reasons. New business processes take years to evolve and become the new normal. Then, new measures get ...