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| Phase | Description | Key Objectives | Metrics for Success | Timeline |
|---|---|---|---|---|
| Research & Development | Initial concept development and feasibility studies. | Identify viable products and technologies. | Number of concepts evaluated, prototype success rate. | 2023 Q1 - 2024 Q2 |
| Pilot Production | Small-scale production to test processes and quality. | Refine manufacturing techniques, ensure quality control. | Production yield percentage, defect rates. | 2024 Q3 - 2024 Q4 |
| Market Strategy Development | Creating a go-to-market strategy based on target customer analysis. | Define customer segments, set pricing strategies. | Market presence, customer feedback metrics. | 2024 Q4 - 2025 Q1 |
| Full-Scale Production | Commence large-scale production following pilot success. | Achieve production targets and quality standards. | Production volume, cost per unit. | 2025 Q2 |
| Launch | Official product launch to the market. | Maximize initial impact and customer engagement. | Sales figures, market penetration rate. | 2025 Q3 |