- About the Author
- Acknowledgments
- Dedications
- Preface
- Chapter 1: The Foundations of Business
- Section 1: Getting Down to Business
- Section 2: What Is Economics?
- Section 3: Perfect Competition and Supply and Demand
- Section 4: Monopolistic Competition, Oligopoly, and Monopoly
- Section 5: Measuring the Health of the Economy
- Section 6: Government’s Role in Managing the Economy
- Section 7: Cases and Problems
- Chapter 2: Business Ethics and Social Responsibility
- Section 1: Misgoverning Corporations: An Overview
- Section 2: The Individual Approach to Ethics
- Section 3: Identifying Ethical Issues
- Section 4: The Organizational Approach to Ethics
- Section 5: Corporate Social Responsibility
- Section 6: Environmentalism
- Section 7: Stages of Corporate Responsibility
- Section 8: Cases and Problems
- Chapter 3: Business in a Global Environment
- Chapter 4: Selecting a Form of Business Ownership
- Chapter 5: The Challenges of Starting a Business
- Section 1: What Is an Entrepreneur?
- Section 2: The Place of Small Business in the Business Landscape
- Section 3: What Industries Are Small Businesses In?
- Section 4: Advantages and Disadvantages of Business Ownership
- Section 5: Starting a Business
- Section 6: The Business Plan
- Section 7: How to Succeed in Managing a Business
- Section 8: Cases and Problems
- Chapter 6: Managing for Business Success
- Chapter 7: Recruiting, Motivating, and Keeping Quality Employees
- Chapter 8: Teamwork and Communications
- Chapter 9: Marketing: Providing Value to Customers
- Chapter 10: Product Design and Development
- Section 1: What Is a Product?
- Section 2: Where Do Product Ideas Come From?
- Section 3: Identifying Business Opportunities
- Section 4: Understand Your Industry
- Section 5: Forecasting Demand
- Section 6: Breakeven Analysis
- Section 7: Product Development
- Section 8: Protecting Your Idea
- Section 9: Cases and Problems
- Chapter 11: Operations Management in Manufacturing and Service Industries
- Section 1: Operations Management in Manufacturing
- Section 2: Facility Layouts
- Section 3: Managing the Production Process in a Manufacturing Company
- Section 4: Graphical Tools: PERT and Gantt Charts
- Section 5: The Technology of Goods Production
- Section 6: Operations Management for Service Providers
- Section 7: Producing for Quality
- Section 8: Cases and Problems
- Chapter 12: The Role of Accounting in Business
- Chapter 13: Managing Financial Resources
- Chapter 14: Personal Finances
- Chapter 15: Managing Information and Technology
- Chapter 16: The Legal and Regulatory Environment of Business
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Product Design and Development
Figure 10.1.

To see the PowerSki Jetboard in action, visit the company’s Web site at http://www.powerski.com. Watch the streaming videos that demonstrate what the Jetboard can do.
Have you ever wanted to go surfing but couldn’t find a body of water with decent waves? You no longer have a problem: the PowerSki Jetboard makes its own waves. This innovative product combines the ease of waterskiing with the excitement of surfing. A high-tech surfboard with a forty-five-horsepower, forty-five-pound watercraft engine, the PowerSki Jetboard has the power of a small motorcycle. Experienced surfers use it to get to the top of rising ocean waves, but if you’re just a weekend water-sports enthusiast, you can get your adrenaline going by skimming across the surface of a local lake at forty miles an hour. All you have to do is submerge the tail of the board, slide across on your belly, and stand up (with the help of a flexible pole). To innocent bystanders, you’ll look like a very fast water-skier without a boat.
Where do product ideas like the PowerSki Jetboard come from? How do people create products that meet customer needs? How are ideas developed and turned into actual products? How do you forecast demand for a product? How do you protect your product ideas? These are some of the questions that we’ll address in this chapter.

Cite this Content
Citation Information
APA Format:Collins, Karen., Exploring Business. Retrieved Mar 15, 2010 from http://www.flatworldknowledge.com/node/27984 .
MLA Format:Collins, Karen. Exploring Business. 1969 . Flat World Knowledge. 15 Mar, 2010. <http://www.flatworldknowledge.com/node/27984> .
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