1. Home
  2. Volume 3 Issue 1
  3. Assessing New Product Development Trends and Practices in Manufacturing and Service-Oriented Organizations in Chitwan District, Nepal
prs.article_img

Assessing New Product Development Trends and Practices in Manufacturing and Service-Oriented Organizations in Chitwan District, Nepal

Authors: Er. Samir Raj Bhandari

Samir Raj Bhandari, Department of Electrical and Electronics Engineering, Oxford College of Engineering and Management Corresponding email: bhandari.samirraj@gmail.com, ORCID: 0000-0003-2722-8008

Abstract

This comprehensive descriptive research explores deeply into the intricate domain of new product development within Nepal’s Chitwan District, examining its complicated process, stages, evolving trends, and consequential implications. With a robust participant pool of 404 individuals spanning diverse manufacturing and service-oriented entities, the study provides a panoramic view of the subject matter. The findings reveal a substantial consensus (85.9%) among respondents, affirming the significance of stages, trends, and strategies in new product development, underscoring their pervasive acknowledgement across the district. However, a notable subset (25%) displays partial implementation, particularly regarding concept development and testing, reflecting challenges in translating design phases into seamless product launches and market integration. Yet, a considerable segment (80.6%) displays alignment with product life cycles, new product development stages, trends, and strategies, signaling adaptability and steadfast commitment among Chitwan’s enterprises. These insights resonate especially in urban settings, elucidating the interplay between new product development trends and their far-reaching implications for business competitiveness, consumer experiences, and societal advancement. With an average knowledge score of 5.38 out of 8, the research augments the requirements of theoretical knowledge to the decision makers.

Keywords:Renewable Energy, Solar Panel Cleaning System, Solar Photo Voltaic, System Improvement