Jaydeep Mukherjee (Indian Institute of Foreign Trade India)
The objective of the research was to develop a framework of New Product Development Process (NPDP) for commercial organizations, which enhanced the probability of commercial success. The limitations of the existing NPDP frameworks stemmed from the assumption that satisfaction of consumer needs would translate into demand for the product. Similarly, the assumptions of rational choice and information based decision making by consumers, did not hold. The literature in the area of psychology suggested that under condition of risk and uncertainty, the construct of trust became ...
The objective of the research was to develop a framework of New Product Development Process (NPDP) for commercial organizations, which enhanced the ...