Description
Develop and generate new products and product ideas based on market research on trends and niches.
Alternative labels
generate new products
produce new products
create new products
develop new product
design new products
developing new products
develop products
Skill type
skill/competence
Skill reusability level
sector-specific
Relationships with occupations
Essential skill
Develop new products is an essential skill of the following occupations:
Product development manager: Product development managers coordinate the development of new products from beginning to end. They receive briefings and start envisioning the new product considering design, technical and cost criteria. They conduct research on market needs and create prototypes of new products for untapped market opportunities. Product development managers also improve and boost technological quality.
Product manager: Product development managers are responsible for managing the lifecycle of a product. They research and develop new products in addition to managing existing ones through market research and strategic planning. Product managers perform marketing and planning activities to increase profits.
Optional skill
Develop new products is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.
References
- Develop new products – ESCO
