Developing a new product for your small business requires you to spend money on research, design and other related costs. Under generally accepted accounting principles, or GAAP, a business must ...

The hard part about building something of value isn't simply shipping new features. It's coming up with and testing a ...

The small business environment today is very dynamic and competitive, and new product development is a crucial process if you want to survive. For small enterprises to withstand competition from ...

Ryan Gray is co-founder and CEO of SGW Designworks, a full-service product development and engineering firm featured in The Lean Startup. In all things worth pursuing, there exists the ever-present ...

As the digital revolution dissolves industry boundaries, legacy companies are increasingly facing competition from non-traditional competitors. Look no further than the $800 billion trucking industry, ...

QFD (quality function deployment) is a family of tools that can help engineers during the early stages of product development. A method of assessing options for new product definition, QFD can help ...

Scott Wilder, a partner at BCG, went in-depth with Business Insider on how the firm is shifting from services to AI-driven ...

In our fast-changing technological world, digital twins and extended reality (XR) stand out as unique and game-changing tools in product development. These technologies can create precise virtual ...

The term Secure Product Development Framework (SPDF) was introduced by FDA in the draft guidance "Cybersecurity in Medical Devices: Quality System Considerations and Content of Premarket Submissions" ...