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Development Know What You Need To Products & Services V 1.2 © Ayman S. Basheer, 2011
The Model
Product & Service Development Process Model Model Flow: This model simplifies the whole process for both new product & service developments into four main processes.  1 2 3 4
1. Strategy Formulation
Product & Service Development Process Model Strategy Formulation: Identify the following: 1. Who’re our customers? (rough segmentation) ,[object Object]
Where’re they?2. How are we gonna differentiate our  Offering? ,[object Object]
Adding new features.
Offer old thing in a new way.Customer  segmentation  can be done on three main basis: Demographic-basis. Geographic-basis. Benefit-basis.
Product & Service Development Process Model Strategy Formulation: 3. Set Goals & Objectives: ,[object Object]
Grow revenues.
Expand market share.
Gain competitive advantage.
What do we want our customers to perceive?
Better results (for products or services).
Speed of service (for services only).
More convenient price (for products or services).
Newness(for products or services).
Better tangible design(for products only).Alignment
2. Ideation & Analysis
Product & Service Development Process Model Ideation & Analysis: What-If Analysis. ,[object Object],creativity funnel. ,[object Object], to the current offering? ,[object Object],from the current offering? ,[object Object],In the design (physical design or service flow design)? In product development, part of this analysis is called dimensional analysis, that deals with physical attributes of the product and explore how it could be improved.

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Products & Services Development - Know What You Need To.