When product development is mentioned in business discussions, it is usually referring to NPD, or new product development. New product development is the entire development process from start to finish, and it involves the introduction of a new product into the market.
There are normally two distinct methods of product development. The first involves detail engineering, idea generation, and product design, while the second involves market analysis and research.
Director of Business Development Job Description - Director of Business Development is responsible for developing a channel partner ecosystem, negotiating & managing business relationships, informing product development of market needs, and identifying new opportunities for our business to capitalize on.
