This article seeks to pull together many of the questions we are often asked by clients regarding product development consulting.

This article seeks to pull together many of the questions we are often asked by clients regarding product development consulting.This article seeks to pull together many of the questions we are often asked by clients regarding product development consulting.
Contents

This article seeks to pull together many of the questions we are often asked by clients regarding product development consulting.


What is product development consulting?

Product development consulting is when a company employs the services of an outside party like Innovolo to help develop new products or improve existing ones. And it's not just about coming up with ideas - it can involve everything from market research and analysis to design and prototyping to project management.

In other words, if you've got a great idea for a new product but don't know how to make it happen, that's where a product development consultant comes in.

Whilst Innovolo provides a comprehensive product development service, we also recognise that some clients already have in-house expertise and simply need assistance with a particular stage or element of the process. As a result, we gear a large part of what we do towards serving the needs of world-class R&D teams, either on an end-to-end project basis or as an on-demand R&D taskforce.


What are the benefits of product development consulting?

There are many benefits to working with a product development consultant, including:

Access to expert knowledge and skills:

There's no substitute for experience. So many companies rely on product development consultants to get the job done right. These experts have a deep understanding of the product development process and know how to navigate the challenges that can arise at every stage. From concept generation to market launch, they have the skills and knowledge to help you bring your products to life. And because they're not tied to any product or industry, they can offer impartial advice to help you make the best decisions for your business.

Flexibility:

Consultants are usually very flexible in terms of their working arrangements, so they can often accommodate your needs; this can be a great advantage if you need to work around other commitments or don't have much time to dedicate to your project. In addition, product development consultants usually have a wealth of experience and knowledge that can be extremely helpful in getting your project off the ground.

Cost-effectiveness:

They can help you avoid making costly mistakes. They can also help you streamline your product development process, making it more efficient and saving you time and money in the long run. And, of course, a good consultant will bring a wealth of knowledge and experience to the table, which can be invaluable in helping you get your product to market.

Improved bottom line:

Product development consultants can help you develop better products, leading to increased sales and profitability. They understand what makes a product successful and can help you avoid common mistakes. In addition, they have a wealth of experience and knowledge to draw on, meaning that they can provide you with unbiased advice and fresh perspectives. As a result, working with a product development consultant can give you the edge you need to succeed in today's competitive marketplace.

What are the main steps in product development consulting?

Product development is a process that can be long and arduous, but it doesn't have to be. By enlisting the help of a professional product development consultant, you can streamline the process and get your product to market faster. In most cases, we can break down the product development process into four main steps: initial consultation, exploration phase, implementation, and launch.

Initial consultation

At Innovolo, all future projects start with a "Project Discovery Call". This initial consultation is designed to help us understand your needs and objectives and the unique challenges you're facing. It's also an opportunity to learn more about your business, your products, and your target market. This information helps us determine whether we're a good fit for each other and whether we can provide you with the services you need.

The initial consultation will also determine who and what expertise you need for the next phase of your project.

We don't charge for this initial consultation, which will be carried out via video call, lasting approximately 30 minutes.

Exploration phase

After the initial consultation, we'll enter into the exploration phase with specific expertise from our team. This phase is designed to help us gain a deeper understanding of your needs and objectives and the unique challenges you're facing.

We'll also start to explore potential solutions and develop a plan for how we can best help you achieve your goals. This phase is chargeable and usually lasts between two and four weeks, depending on the complexity.

Every product development project is like a journey; the exploration phase is where we start mapping out the route. The next step is to agree on the journey (or project plan) with you, which will determine your project's cost, timeline, and deliverables. Typically, we would be looking for a firm commitment to a monthly budget at this stage.

Implementation

Once we've agreed on the project plan, it's time to start moving the wheels and working towards your goals; this is where we'll put our agreed-upon solutions into place and help you bring your product to market. The implementation phase can last anywhere from a few weeks to several years, depending on the size and scope of your project.

Launch

After we've done all the hard work, celebrate! We'll help you launch your product successfully and ensure it reaches your target market. We'll also provide you with ongoing support and advice to ensure that your product continues to be a success long after we've handed it over.


What does Innovolo do for clients?

Innovolo provides product development services to clients all over the world. We have a team of experienced professionals who can help you with every aspect of your product development, from initial consultation to final launch.

We understand that every business is different, and we tailor our services to meet your specific needs and objectives. So whether you're looking to develop a new product, enter a new market, or improve your existing products, we can help.

Innovolo has a proven track record of helping businesses to succeed. We've worked with startups and Fortune 500 companies, and we're confident that we can help you achieve your goals.

What are the three types of product development?

There are three main types of product development: incremental, radical, and platform.

Incremental

Product development is all about improving an existing product or coming up with new ideas for products that don't yet exist. And the most common type of product development is incremental; this is where you make small changes to an existing product to improve it or add new features. For example, you might add a new feature to your phone or make a small change to the design of your car. The aim is to gradually improve the product over time, rather than making big changes all at once. This approach has its benefits - it's relatively low-risk and can be quick and easy to implement. But it also has its drawbacks. The incremental approach can lead to stagnation, as products become incrementally better but never truly great. And it can be difficult to justify making small changes when you could be working on something completely new.

Radical

Radical product development is more disruptive. It involves making significant changes to an existing product or developing a completely new product; this can be a risky strategy but can lead to breakthrough innovation. When done well, radical product development can result in products vastly superior to anything on the market. However, it can also be a recipe for disaster. Those who attempt radical product development without a clear understanding of the risks involved often set themselves up for disappointment. But for those who are willing to take risks, radical product development can be an incredibly rewarding experience.

Platform

Platform product development is the most complex. It involves developing a new product that can be used as a platform for other products or services; this means that the product must be flexible enough to support a wide range of potential applications and interface with various other products and services. In addition, the platform must be robust enough to handle the demands of a diverse user base. As a result, platform product development requires a high degree of technical expertise and intimate knowledge of the latest industry trends. It's no wonder that so many companies struggle to bring new platforms to market successfully.

How do you determine whether a product is viable?

Before you can even determine whether a product is viable, you must clearly understand what you're trying to achieve. Are you looking to make a quick profit? Or are you aiming to build a long-term business? Once you know your objectives, you can assess your product's feasibility. First, you need to consider the demand for your product or service. Is there a large enough market for your product? And are people willing and able to pay for it? You also need to think about your competition. If already established businesses sell similar products, can you realistically hope to compete? Finally, you need to consider the practicalities of bringing your product to market. Can you source the materials and components you need? Do you have the human resources and expertise to put everything together? By considering all of these factors, you should get a good idea of whether your product is viable.

Do you have experience in my industry?

Having experience in every industry can be very helpful. Still, it's also good to get new ideas from other sectors because different industries have different ideas, and by mixing them, we can create something even better. For example, the airline industry is always coming up with new ways to save money and make flying more efficient. By taking some of these ideas and applying them to other sectors, we can find new ways to improve things. Similarly, the food industry is always coming up with new ways to make food more delicious and nutritious. Again, we can find new ways to improve things by taking some of these ideas and applying them to other industries.

At Innovolo, we believe that experience is everything. That's why our team is drawn from a diverse range of industries so that we can offer you a fresh perspective on your project. With backgrounds in everything from engineering to marketing, we're confident that we can find the best solution for your specific needs. So if you're looking for an innovative approach to your next project, look no further than Innovolo. We'll ensure that you get the results you need - and that you enjoy the process along the way.

Can you help me to define my product goals?

Yes, we can help you define your product goals; this is one of the first things we'll do when we start working with you. We'll sit down with you and discuss your specific needs and objectives. Once we clearly understand what you're trying to achieve, we can start to put together a plan of action. We'll also conduct a feasibility study to ensure that your product is viable and that there's a large enough market for it. Only when we're confident that your product is both achievable and profitable will we start work on developing it. So if you're unsure what you want your product to achieve, or if you're not sure whether it's even possible, we can help you figure it out.

What level of involvement will I have in the development process?

Here at Innovolo, we provide a comprehensive product development service. But we also recognise that some clients already have in-house expertise and simply need assistance with a particular stage or element of the process. That's where we come in. We're here to serve the needs of world-class R&D teams, either on an end-to-end project basis or as an on-demand R&D task force. So if you're looking for help with concept development, prototyping, engineering, or any other aspect of product development, give us a call. We're always happy to help.

Your level of involvement in the development process is entirely up to you. If you want to be involved at every stage, we're happy to accommodate you. However, if you prefer to take a back seat and let us get on with the work, that's fine too. We'll keep you updated on our progress and involve you as much or as little as you want. But, again, the decision is entirely up to you.

What happens if I'm not happy with the result?

We're confident that you'll be happy with the result of your project. But we also recognise that things don't always go to plan. So if you're not delighted with the end product, we'll work with you to make it right. Whether making changes to the design or starting again from scratch, we'll do whatever it takes to ensure you're happy with the result.

Bear in mind that innovation and R&D projects can be unpredictable. There may be times when we have to change course to achieve the best possible results. However, we'll always keep you updated on our progress and involve you in decision-making. That way, you can ensure that the end product will meet your specific needs and requirements.

How long does it take to develop a product?

How long is a piece of string? The answer to this question depends on your product's complexity and your team's size. A simple product might take a few weeks to develop, while a more complex one could take months or even years. And, of course, the larger your team, the faster the process will typically be.

New ideas + expert execution = game-changing products

Innovolo offers project management services for new product development (NPD).

We work as an extension of your in-house capabilities, providing the extra bandwidth, expertise, and momentum needed to get your products rapidly to market.

Who's going to answer for this?

Innovation is a team sport, and the key to success is accountability.

Without it, ideas languish and die.

But with an accountable team in place, innovation can thrive.

This article seeks to pull together many of the questions we are often asked by clients regarding product development consulting.


What is product development consulting?

Product development consulting is when a company employs the services of an outside party like Innovolo to help develop new products or improve existing ones. And it's not just about coming up with ideas - it can involve everything from market research and analysis to design and prototyping to project management.

In other words, if you've got a great idea for a new product but don't know how to make it happen, that's where a product development consultant comes in.

Whilst Innovolo provides a comprehensive product development service, we also recognise that some clients already have in-house expertise and simply need assistance with a particular stage or element of the process. As a result, we gear a large part of what we do towards serving the needs of world-class R&D teams, either on an end-to-end project basis or as an on-demand R&D taskforce.


What are the benefits of product development consulting?

There are many benefits to working with a product development consultant, including:

Access to expert knowledge and skills:

There's no substitute for experience. So many companies rely on product development consultants to get the job done right. These experts have a deep understanding of the product development process and know how to navigate the challenges that can arise at every stage. From concept generation to market launch, they have the skills and knowledge to help you bring your products to life. And because they're not tied to any product or industry, they can offer impartial advice to help you make the best decisions for your business.

Flexibility:

Consultants are usually very flexible in terms of their working arrangements, so they can often accommodate your needs; this can be a great advantage if you need to work around other commitments or don't have much time to dedicate to your project. In addition, product development consultants usually have a wealth of experience and knowledge that can be extremely helpful in getting your project off the ground.

Cost-effectiveness:

They can help you avoid making costly mistakes. They can also help you streamline your product development process, making it more efficient and saving you time and money in the long run. And, of course, a good consultant will bring a wealth of knowledge and experience to the table, which can be invaluable in helping you get your product to market.

Improved bottom line:

Product development consultants can help you develop better products, leading to increased sales and profitability. They understand what makes a product successful and can help you avoid common mistakes. In addition, they have a wealth of experience and knowledge to draw on, meaning that they can provide you with unbiased advice and fresh perspectives. As a result, working with a product development consultant can give you the edge you need to succeed in today's competitive marketplace.

What are the main steps in product development consulting?

Product development is a process that can be long and arduous, but it doesn't have to be. By enlisting the help of a professional product development consultant, you can streamline the process and get your product to market faster. In most cases, we can break down the product development process into four main steps: initial consultation, exploration phase, implementation, and launch.

Initial consultation

At Innovolo, all future projects start with a "Project Discovery Call". This initial consultation is designed to help us understand your needs and objectives and the unique challenges you're facing. It's also an opportunity to learn more about your business, your products, and your target market. This information helps us determine whether we're a good fit for each other and whether we can provide you with the services you need.

The initial consultation will also determine who and what expertise you need for the next phase of your project.

We don't charge for this initial consultation, which will be carried out via video call, lasting approximately 30 minutes.

Exploration phase

After the initial consultation, we'll enter into the exploration phase with specific expertise from our team. This phase is designed to help us gain a deeper understanding of your needs and objectives and the unique challenges you're facing.

We'll also start to explore potential solutions and develop a plan for how we can best help you achieve your goals. This phase is chargeable and usually lasts between two and four weeks, depending on the complexity.

Every product development project is like a journey; the exploration phase is where we start mapping out the route. The next step is to agree on the journey (or project plan) with you, which will determine your project's cost, timeline, and deliverables. Typically, we would be looking for a firm commitment to a monthly budget at this stage.

Implementation

Once we've agreed on the project plan, it's time to start moving the wheels and working towards your goals; this is where we'll put our agreed-upon solutions into place and help you bring your product to market. The implementation phase can last anywhere from a few weeks to several years, depending on the size and scope of your project.

Launch

After we've done all the hard work, celebrate! We'll help you launch your product successfully and ensure it reaches your target market. We'll also provide you with ongoing support and advice to ensure that your product continues to be a success long after we've handed it over.


What does Innovolo do for clients?

Innovolo provides product development services to clients all over the world. We have a team of experienced professionals who can help you with every aspect of your product development, from initial consultation to final launch.

We understand that every business is different, and we tailor our services to meet your specific needs and objectives. So whether you're looking to develop a new product, enter a new market, or improve your existing products, we can help.

Innovolo has a proven track record of helping businesses to succeed. We've worked with startups and Fortune 500 companies, and we're confident that we can help you achieve your goals.

What are the three types of product development?

There are three main types of product development: incremental, radical, and platform.

Incremental

Product development is all about improving an existing product or coming up with new ideas for products that don't yet exist. And the most common type of product development is incremental; this is where you make small changes to an existing product to improve it or add new features. For example, you might add a new feature to your phone or make a small change to the design of your car. The aim is to gradually improve the product over time, rather than making big changes all at once. This approach has its benefits - it's relatively low-risk and can be quick and easy to implement. But it also has its drawbacks. The incremental approach can lead to stagnation, as products become incrementally better but never truly great. And it can be difficult to justify making small changes when you could be working on something completely new.

Radical

Radical product development is more disruptive. It involves making significant changes to an existing product or developing a completely new product; this can be a risky strategy but can lead to breakthrough innovation. When done well, radical product development can result in products vastly superior to anything on the market. However, it can also be a recipe for disaster. Those who attempt radical product development without a clear understanding of the risks involved often set themselves up for disappointment. But for those who are willing to take risks, radical product development can be an incredibly rewarding experience.

Platform

Platform product development is the most complex. It involves developing a new product that can be used as a platform for other products or services; this means that the product must be flexible enough to support a wide range of potential applications and interface with various other products and services. In addition, the platform must be robust enough to handle the demands of a diverse user base. As a result, platform product development requires a high degree of technical expertise and intimate knowledge of the latest industry trends. It's no wonder that so many companies struggle to bring new platforms to market successfully.

How do you determine whether a product is viable?

Before you can even determine whether a product is viable, you must clearly understand what you're trying to achieve. Are you looking to make a quick profit? Or are you aiming to build a long-term business? Once you know your objectives, you can assess your product's feasibility. First, you need to consider the demand for your product or service. Is there a large enough market for your product? And are people willing and able to pay for it? You also need to think about your competition. If already established businesses sell similar products, can you realistically hope to compete? Finally, you need to consider the practicalities of bringing your product to market. Can you source the materials and components you need? Do you have the human resources and expertise to put everything together? By considering all of these factors, you should get a good idea of whether your product is viable.

Do you have experience in my industry?

Having experience in every industry can be very helpful. Still, it's also good to get new ideas from other sectors because different industries have different ideas, and by mixing them, we can create something even better. For example, the airline industry is always coming up with new ways to save money and make flying more efficient. By taking some of these ideas and applying them to other sectors, we can find new ways to improve things. Similarly, the food industry is always coming up with new ways to make food more delicious and nutritious. Again, we can find new ways to improve things by taking some of these ideas and applying them to other industries.

At Innovolo, we believe that experience is everything. That's why our team is drawn from a diverse range of industries so that we can offer you a fresh perspective on your project. With backgrounds in everything from engineering to marketing, we're confident that we can find the best solution for your specific needs. So if you're looking for an innovative approach to your next project, look no further than Innovolo. We'll ensure that you get the results you need - and that you enjoy the process along the way.

Can you help me to define my product goals?

Yes, we can help you define your product goals; this is one of the first things we'll do when we start working with you. We'll sit down with you and discuss your specific needs and objectives. Once we clearly understand what you're trying to achieve, we can start to put together a plan of action. We'll also conduct a feasibility study to ensure that your product is viable and that there's a large enough market for it. Only when we're confident that your product is both achievable and profitable will we start work on developing it. So if you're unsure what you want your product to achieve, or if you're not sure whether it's even possible, we can help you figure it out.

What level of involvement will I have in the development process?

Here at Innovolo, we provide a comprehensive product development service. But we also recognise that some clients already have in-house expertise and simply need assistance with a particular stage or element of the process. That's where we come in. We're here to serve the needs of world-class R&D teams, either on an end-to-end project basis or as an on-demand R&D task force. So if you're looking for help with concept development, prototyping, engineering, or any other aspect of product development, give us a call. We're always happy to help.

Your level of involvement in the development process is entirely up to you. If you want to be involved at every stage, we're happy to accommodate you. However, if you prefer to take a back seat and let us get on with the work, that's fine too. We'll keep you updated on our progress and involve you as much or as little as you want. But, again, the decision is entirely up to you.

What happens if I'm not happy with the result?

We're confident that you'll be happy with the result of your project. But we also recognise that things don't always go to plan. So if you're not delighted with the end product, we'll work with you to make it right. Whether making changes to the design or starting again from scratch, we'll do whatever it takes to ensure you're happy with the result.

Bear in mind that innovation and R&D projects can be unpredictable. There may be times when we have to change course to achieve the best possible results. However, we'll always keep you updated on our progress and involve you in decision-making. That way, you can ensure that the end product will meet your specific needs and requirements.

How long does it take to develop a product?

How long is a piece of string? The answer to this question depends on your product's complexity and your team's size. A simple product might take a few weeks to develop, while a more complex one could take months or even years. And, of course, the larger your team, the faster the process will typically be.

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Join 70+ companies accelerating their product development with Innovolo
Farm+Stable is a client of Innovolo, a product development as a service provider offering R&D teams globally extra capacity, capability, and momentum in their product development and obsolescence management projects. As a company that specializes in the development and engineering of products for the agriculture and construction industries, Farm+Stable has benefited from Innovolo's expertise in helping to bring new products to market quickly and efficiently. In particular, Farm+Stable has been able to rely on Innovolo's team of experienced engineers to help with the design and development of a new line of products that are designed to be more durable and longer-lasting than previous models. With Innovolo's help, Farm+Stable has been able to bring these new products to market in a timely manner, and they have been well-received by customers. Thanks to Innovolo's innovative product development solutions, Farm+Stable has been able to stay ahead of the competition and continue to grow their business.
Innovolo is a product development as a service provider. It offers R&D teams globally extra capacity, capability, and momentum in their product development and obsolescence management projects. Its services are used by clients in a variety of industries, including automotive, aerospace, consumer electronics, and medical devices. One of its clients is Kawneer, a leading manufacturer of aluminum products for the architectural and construction industries. Kawneer has been using Innovolo's services to help develop new products and to manage the obsolescence of its existing products. Thanks to Innovolo, Kawneer has been able to speed up its product development cycle and to reduce its costs. As a result, Kawneer has been able to bring new products to market faster and to better meet the needs of its customers.

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