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New product development (NPD) or product development in business and engineering covers the complete process of launching a new product to the market. Product development also includes the renewal of an existing product and introducing a product into a new market. A central aspect of NPD is product design.
A tourism product is priced and sold through distribution channels and it has a life-cycle". Tourism product covers a wide variety of services including: [26] Accommodation services from low-cost homestays to five-star hotels; Hospitality services including food and beverage serving centers; Health care services like massages
Product Development: leveraging core strengths, creating new products, building USP, focusing on sustainable development to offer products of international quality, creating enabling investment environment, stimulating demand, promoting partnerships to ensure the flow of funds into the tourism sector. Kerala Tourism Department has developed ...
Modern heritage tourism reproduces an economic dynamic that is dependent upon capital from tourists and corporations in creating sustained viability. Tourism is often directly tied to economic development, so many populations see globalization as providing increased access to vital medical services and important commodities. [3]
A phase-gate process (also referred to as a waterfall process) is a project management technique in which an initiative or project (e.g., new product development, software development, process improvement, business change) is divided into distinct stages or phases, separated by decision points (known as gates).
Front End Innovation is the starting point where opportunities are identified and concepts are developed prior to entering the formal product development process. . Innovation on the Front End is where exciting breakthroughs are created through a process that allows for creativity and value creation in a systematic manner different from the formal developme
The project works in partnership with the Ministry of Tourism & Antiquities on such initiatives as developing a new national hotel classification system, improving tourism research and destination marketing, enhancing ecotourism, developing better handicrafts and upgrading vocational training in tourism.
Oman Tourism Development Company (OMRAN) [1] is a Government owned company mandated to drive the investment, growth and development of the tourism sector in the Sultanate of Oman. Established in 2005, [ 2 ] they are the master developers of major tourism, heritage and urban developments.