New Product Development

Create a 300–400 word response 

• Describe the different stages a proposed product will need to go through before it’s commercialized. 
• Where will ideas for the new product come from and how will you filter the different ideas? 
• What are your criteria for selecting an idea to move to the next stage? 
• Design a flow chart for your proposed new product development process to serve as a guide to your discussion. Identify the key stakeholders in the new product development process. 
• What persuasive strategies would you take to solicit support from your key stakeholders?