Product Development
Product Development
Product Development
In general, the Product Development can be defined as "creating, innovating, or developing entirely
a new product , or presenting an existing product with enhanced utility, improved features, more
appealing design, better quality and reliability to satisfy the requirements of its end-users."
1. Function
The product must be designed in such a way that it optimally performs the main task or function for
which it is purchased by a buyer. In other words, the product must satisfy the needs and wants of the
consumer.
For e.g. The main function of an Air Conditioner (AC) is to provide quick cooling of a room. So,
AC must be designed in such a way that it can cool a room as fast as technologically possible. If it
doesn't meet basic expectations, the consumers won't buy it.
2. Repairability
The product must be designed in such a way that it can be easily repaired whenever necessary
during a malfunction. The product repairs must be done quickly that too at a low repair cost.
Consumers usually don't buy those costly products, which are either very expensive to repair /
maintain or those who take a longer time and more money for repairing.
3. Reliability
Reliability means dependability on a product. Consumers prefer to purchase and use often those
products which perform their main function or task optimally for a longer period without any
annoying malfunctions, breakdowns or failures. In short, a product must perform quite well and
give trouble-free service for a decent amount of time. It must not need constant repairs and/or
frequent maintenances. It is so, since repairs often turn costly and are very time consuming.
Reliability is crucial for consumer durables and office equipments. A reliable product gains
consumers' trust, loyalty and this creates its goodwill in the competitive market. Therefore,
reliability is an important factor to be kept in mind while designing a product.
4. Aesthetics
Aesthetics must be kept in mind while designing a product. It refers to, how the product looks,
feels, sounds, tastes or smells. That is, the product must look, feel, sound, taste or smell very good.
It must be attractive, compact and convenient to use. Its packaging must also be made graphically
appealing and colorful. If this aspect is not considered, product will fail in the market. This factor is
very important, especially in case a product is designed for and targeted to the young generation
that is emerging with a modern mindset and current trends.
5. Durability
Durability refers to the life of a product. A durable product performs flawlessly for a longer period.
It is a sign of a good-quality product. Consumers want their products to have a longer life. They do
not want to replace their products repeatedly. This factor is very crucial for durable and costly
products like televisions, refrigerators, cars, so on. Therefore, durability is another important
requirement that must be kept in mind while designing a product.
6. Producibility
The product must be designed in such a way that it can be produced in large quantities with ease at
a minimum production cost. The production department must be able to produce the product easily,
quickly, in ample quantities and at a low production cost. The production process must not be very
complex, and it must not require costly machines to produce the product.
7. Simplicity
The design of the product must be very simple. The simpler a design, the easier, it is to produce and
use (handle). Simple products are also economical and reliable. The product must have the least
number of operations without affecting its functionality.
8. Compact
The product must be small; it must occupy less space, and must have lower weight. In other words,
it must be very compact. The company must try to make its products as small as possible. Today,
everything is turning smaller. Big sized cell phones are now out of fashion. In the 1950s, computers
were as huge as spacious rooms. However, today we have laptops and palmtop computers. Most
products can be made compact. Still, this cannot be done for all products. In case of televisions, it is
just the opposite. Today people want bigger televisions. Similarly, there is a limit on small size. We
cannot have a phone which is so tiny that it requires a microscope to see its keypad.