innovation of new products in any industry. It is a process that focuses on a series of principles, which outline the management and development of new products. Several things are thought to be correlated with product development. Some examples include Lean manufacturing, Just-in time manufacturing, work in process product flow, etc. (Carter, J., & Bradford, J., 2012; Reinertsen, D. , 2009) In the present paper the underlying principles of product development are investigated. It is hypothesized that…
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