In the simplified 4 -stage model for new product development, the into a commercially viable product. stage encompasses all activities required to take the chosen concept and turn it Product development Product commercialization and review Project selection Concept generation Innovation is not about Existing methods of production The carrying out of a new organization of any industry The introduction of new goods Implementing ideas to create some kind of value. "is there a clear project plan in place that includes a timeframe and strategies for resources, particularly cash flow, throughout the project's life cycle?" is a question that needs to be asked to Find resources Develop the venture Recognize the opportunity Deal with the unexpected From the factors that influence the adoption of an innovation, current values, experiences, and needs. 0.75 points Compatibility Observability Trialaboly Relative advantage The least important reason why start-ups succeed is Funding Team Timing Business Model