Epilogue: The Future of Product Development

We’ve seen a huge transformation in product development over the past 20 years. Development times and product life cycles have gone from years to months. Engineering and manufacturing resources have moved from around the corner to around the world. Sales have moved from a large number of stores to just a few chains and the Internet. Asian skills have grown from building boom boxes to building computers and sophisticated cell phones.

What’s in store for the future?

Product development will continue to become more efficient as the building blocks, namely the memory, processors, multifunction chips, and displays, become more powerful and less costly. More companies will be able to create more sophisticated ...

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