Ch 8 New Product Development Worksheet Instructions: Answer the following questions as they apply to your ‘new’ product and create a one-page, well written report on your responses. Double space paragraphs with first line indented. Use 12 pt font size and either Arial or Cambria font style. Upload both your Ch 8 Product Planning Group Worksheet AND the Ch 8 New Product Development Report for your Assessment grade.

Product Definition

Identify a new product (good or service) that you will offer your customers based on your input from group members.
What is the name of your new product?
What problem is your product designed to solve?

Who will buy this product and how will they use it?

Product Design

If a ‘good’ then what are the variety of styles and/or colors for your product?

If a ‘service’ then what different tasks will you provide your customer?

What brand and specific image will be developed for your product?

If a ‘good’ then describe the packaging of your product.

Product Planning

What components (raw goods or capital goods) are needed to make your product available to the customer?

Who can help in developing your new product? Suppliers? Business partners?

If a ‘good’ then is your product available through mass production or custom manufacturing?

If a ‘service’ then how many people will you need to provide your service to customers?

Product Quality

Anticipate and identify any quality control concerns.

How do you plan to create and test your prototype or conduct a trial run for your service?

What will be the biggest challenges you expect to face in creating your product?