The global consumer product market is exploding. In 2006 alone, 150,000 new products were brought to market. Now for the bad news: of those, fewer than 5% were hits, and fewer than 15% will even exist five years from now.<p>Written for small business owners and entrepreneurs looking for an inside track on new product development, <i>New Product Development for Dummies</i> offers you a unique opportunity to learn from two consummate insiders the secrets of successfully developing, marketing and making a bundle from a new product or service. You learn proven techniques for sizing up market potential and divining customer needs. You get tested-in-the-trenches strategies for launching a new product or service. And you get a frank, in-depth appraisal of the most challenging issues facing new product developers today, including the need to collaborate with global partners, optimizing technology development for a 21^st century marketplace, getting start-up capital in an increasingly competitive environment, and much more. Key topics covered include:<ul type="disc"><li>Developing a winning NPD strategy<li>Generating bold new ideas for products and services<li>Understanding what your customers really want<li>Keeping projects on track, on budget, and on-time<li>Building effective cross-functional teams<li>Planning and executing a blockbuster launch<li>Collaborating with global partners<li>Maximizing your chances for success</ul><p>No matter what size or type of business you’re in, this book provides you with an unbeatable competitive advantage in the booming global marketplace for new products and services.