The Fast Company Executive Board is a private, fee-based network of influential leaders, experts, executives, and entrepreneurs who share their insights with our audience. BY Kevin Bailey Artificial ...

Ryan Gray is co-founder and CEO of SGW Designworks, a full-service product development and engineering firm featured in The Lean Startup. In all things worth pursuing, there exists the ever-present ...

Developing a new product for your small business requires you to spend money on research, design and other related costs. Under generally accepted accounting principles, or GAAP, a business must ...

It’s hard to believe that the term “Corporate Social Responsibility” was first coined in the mid-1800s, because it seems like that it’s become pervasive throughout the financial world only in the past ...

Product concept statements are an integral part of both an original business plan as well as the development of products and services in established companies. A good product concept statement ...

Outsourcing your product development requires various considerations, including requirement analysis, selecting the suitable cooperation model, hiring an agency or freelancer and avoiding a few ...

A proof of concept can be the pathway from idea to product. A POC can help a designer (and manager or investor) know if an idea is profitable. For example, when developing IoT smart devices and ...

Product development is facing a fundamental challenge. Unfortunately, at the very moment when companies need to make better products more efficiently, previous performance innovations in product ...

Like all industries, the design and manufacturing world experienced a shockwave of changes in 2020 due to the pandemic, and as a result many product development companies had to suddenly become more ...

CEO and cofounder of software development company KITRUM. Have an incredible team of skilled developers spread all over the world. Once you come up with the idea of creating a software product and ...

As the automotive industry transitions to new technology and automakers push to get ahead of the competition, shaving months, and even years off typical vehicle development time is becoming paramount.

In engineering, the Taguchi method of quality control focuses on design and development to create efficient, reliable products.