Describe IKEA’s process for developing a new product.
A product can be an assistance or a thing. It tends to be physical or virtual or digital structure. The value that can be charged relies upon the market, the quality, the promotion, and the fragment that is focused on.
Product development is the finished course of taking a thought from idea to conveyance and then some. Whether you are conveying a fresh out the plastic new contribution or upgrading a current product, the product development cycle starts well before anything gets constructed.
IKEA's course of developing another item depends on inward rivalry. The inside track down a creator and afterward select the plan for assembling.
The planner begins the planning system by momentarily composing and making sense of the item value, its particulars, capacities, materials required, and other related factors. Then, at that point, these plans are shipped off to fashioners and consultants. Finally, the plan is moved into genuine items.
The principal objective of IKEA is that the item ought to resemble a Swiss Army Knife, and that implies having huge capacities at least expense.
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