New Products

I’m sure there will continue to be exciting new products and major changes, but it looks as if the existing technology has a great deal of room to grow and prosper.
– Jack Kilby

Creating a Product Prototype
Tamara Monosoff writes that one of the first things you must do when creating a new product is to develop a model or prototype.  Developing a prototype offers many advantages, like it gives you the ability to see an example of what your final product will look like and makes it easier for you to share your vision with others.
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Four Keys to Creating New Products
Scott Andrews, the founder of Aspire Now, provides four keys to new product development that are called NICE (New, Improve, Consolidate, Extension).  By examining NICE you can figure out how new products are evolved.  For instance, you can “Improve” on an existing product to create a new one.
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