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Your journey from product ideation to the final product distribution is not going to be an easy one. It will take far more than you’ve anticipated. There’s a lot of back and forth between various stages till the point your product development is a success. There’s still a slight challenge here.
You must’ve had a customer say:
“I want only this particular product because it’s in fashion!”
But you were unable to meet the demand, and the customer simply moved on to your competitor. Why did that happen, you ask?
Lack of innovation, inadequate market research, wrong pricing strategy, low-quality products, outdated designs, improper process management, or absence of a product development strategy in the first place. Any or all of these factors can contribute to the weakening market position of your company.
Therefore, you need to break into the right way of meeting the ever-changing consumer demands and expectations.
Related Read: Top 30 One Page Product Management Templates for a Successful Strategy Implementation
But before that, it’s important to understand what’s at the core of the product development process to change your tactics accordingly.
On the whole, product development is a viable procedure with its key steps being:
- Conceptualization
- Screening and testing of the concept
- Designing strategy
- Technical project development
- Team management
- Pricing and financial action plan
- Testing process
- Marketing strategy
- Product launch
- Post-launch assessment
Sometimes, any of these steps can go haywire, leading to your downfall in the competitive market. But in British author Ken Robinson’s words, “If you’re not prepared to be wrong, you’ll never come up with anything original.”
Therefore, here are some handy tips to smoothen your product development journey.
Tips for developing better products
- A new perspective to look at the bigger picture: You can bring in a fresh pair of eyes for revitalizing your company. Indulge in proper market research to ensure maximum customer satisfaction and top-line revenue growth of your products.
- Developing unique products of high quality: So you can tap exactly into your customer’s demands and requirements. Ensure success by building products that add value and do not become a liability.
- Drafting new ideas: Gather new data with questionnaires or surveys. Before creating the final blueprint, make sure that you have taken into account all the suggestions in advance.
- Make some bold moves: Stay away from the pile of clichés. Engage in novelty and innovation to give your products a fresh outlook. And practice pre-selling as well as testing for effective product positioning.
- Offer affordability: To hook your customers effortlessly, you can offer affordable prices on your new products that have multiple functions. Without it, there is a greater probability of consumers moving on to cheaper options.
Top 10 product development templates to download and use
Considering the importance of having an efficient product development strategy, we have devised the top 10 PowerPoint templates that will assist you in your endeavors. These templates will help you gain an insight into what it takes to build a successful product development strategy. At the same time, these templates will help you devise actionable roadmaps for your product initiatives.
Let’s jump right in!
Template 1
Download New Product Development Plans PowerPoint Slides
You need to discuss your product development plan at length. Therefore, allow our content-specific PowerPoint template to help you with creating the design for your conceived ideas. Additionally, it provides you capabilities of product management, operations, marketing launch plan, marketing communication, digital marketing, and budgeting plan.
Template 2
Download Product Development Capability Maturity Model PowerPoint Slides
Customer centricity has become the topmost priority of every organization out there. And to outpace your competitors, you need to manage and improve your result metrics. Take advantage of this PowerPoint template to highlight the capability maturity matrix with clarity. Employ this PPT template to prompt your company’s development process. This template will let you present your vision and mission with conviction and precision.
Template 3
Download Product Development Life Cycle Phases PowerPoint Slides
Your time is the most valuable asset. And you need to manage it to create various productive plans. So pick this PowerPoint template to underline the significant aspects of product life cycle management effortlessly. We understand the importance of retaining customer attention; that is why this PPT template is designed to capture the essence of your project in an informative yet attractive way!
Template 4
Download Product Development Process Diagram PowerPoint Slides
Are you thinking of representing your product development process graphically? Well, this is your go-to PowerPoint template for displaying your process diagram in an eye-catching manner. This template is professionally curated to inform your audience about the step-by-step process required for the successful implementation of a product development strategy. Without any further ado, click the download button!
Template 5
Download Product Development PowerPoint Slides
The best quality of this PowerPoint template is that it allows you to customize it to your unique requirements. Incorporate this template into your presentation to spellbind the audience with your foresightedness towards product development. Share important information on your marketing strategy by taking the aid of this PPT template. Make things easier for yourself by downloading this template to save your precious time and effort!
Template 6
Download New Product Development Npd Tools And Techniques PowerPoint Slides
No doubt, any product development process requires a set of tools and techniques. So it becomes necessary to learn about them. This PowerPoint template is explicitly designed to identify and address various matrices for learning purposes. Elaborate your ideas and objectives in an attention-grabbing manner by taking advantage of the well-structured template. Without waiting any further, click the download button!
Template 7
Download Product Development Timeline PowerPoint Slides
Develop an impeccable time management outline with the assistance of this content-appropriate PowerPoint template. Utilizing this PPT template, you can manage your tasks for their timely completion. Highlight each event from start to finish clearly and concisely by employing this template. You can also color code and structure your timeline in this completely customizable template. You’re just a click away from impressing the audience with your creativity!
Template 8
Download New Product Development Financial Analysis PowerPoint Slides
Measure the operational and production cost of your products by taking the help of this PowerPoint template. You can study and analyze the financial statements of your company efficiently by incorporating this informative PPT template. With the assistance of this template, you can evaluate the strengths and weaknesses of your financial operations. Download this PPT template to improve the creditworthiness of your organization!
Template 9
Download Product Development Summary PowerPoint Slides
Paraphrasing the entire product development concept efficiently will help you provide clarity to the audience. So pick this PowerPoint template to centralize your ideas in a meaningful way. This expertly designed template will help you organize your vision and mission in a well-structured format. Present an overview of your potential product opportunities, financial forecasts, product plans, and market strategy.
Template 10
Download New Product Development Evaluation PowerPoint Slides
Understand the evaluation criteria for new product development with the help of this PowerPoint template. You can even highlight the evaluation matrix in an appealing manner through this PPT template. Arrange your product-related stats and logistics in a tabular format by utilizing this template. Moreover, this template will prove to be highly useful for identifying different growth strategies for your products.
In conclusion
Gone are the days when customers would stick to a particular product for years. Their retention capacity has become fickle, courtesy of the continuous availability of attractive, affordable, and multifunctioning products. There has been a shift from infallible loyalty to seeking personalized options. Therefore, you need to beat your competition before your products lose their validity. Our templates will definitely help you create the best product development strategy to give your company a leg up!
