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Following the 5 Stages of the Product Development Lifecycle

Entrepreneurs spend their waking hours (as well as most of their sleeping hours) to get one thing right: the product development lifecycle. The ConceptWhat is the product development lifecycle and why is it integral for every startup and entrepreneur to master this aspect to achieve resounding success? In a nutshell, a product development lifecycle consists of a product going through universally tried and test development phrases. A product development lifecycle has become an essential means for stemming the tide of product failures, something the corporate landscape has long struggled with. For startups, the risk of failure is higher and hence the product development lifecycle has acquired so much importance amongst aspiring entrepreneurs.

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