Idea Checklist Essay Example | Topics and Well Written Essays - 250 words

Idea Checklist - Essay Example This paper seeks to provide a brief statement that identifies a product and three new, creative ideas relating to the selected product. Before developing a new product, one must look into various issues such as: generating ideas from suggestions of the customers; assessment of these ideas whether or not they fit with the strategy to be employed; research the market by focusing on the competitiveness of the product; team formation; designing critical path, setting budgets; considering other related risks; defining basic product requirement; valuing the selling price; designing the product; coming up with a prototype, gearing up for a full-scale invention; and final essential issue is continuous monitoring of the product (Wilson, 2013). Below is an example of a checklist based on a release-readiness checklist for a desktop software product. This kind of a checklist is an exit manuscript that indicates whether or not a specific product features gives an acceptable user experience. In conclusion, as demonstrated in the above example, there are various approaches for evaluating one’s idea. The most important aspect is to choosing the best criteria that best suite a particular entrepreneur’s needs depending on the type of the product (Hisrich, Peters & Shepherd,