New Product Planning And Development

Running Head: NEW BRAND
NEW PRODUCT PLANNING AND DEVELOPMENT
Name
Institution

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New product planning and development
The business environment is generally competitive and dynamic. This feature of the
environment calls for continuous innovation in the industry. New product planning and
development is a critical process in ensuring survival of businesses in different industries. It is
defined as the process by which new products are produced and introduced to the market to
replace old products and involves various steps (Ulrich, 2020). Once ideas emerge they need to
be analyzed before their conceptualization. The process of product planning and development is
also termed as a refining process and is generally divided into five main steps namely:
Idealization stage
Conceptualization stage,
Product development stage,
Test marketing stage, and
Commercialization stage
All these steps constitute the product life cycle. In the cosmetic industry, manufacturers
and brands are required to continuously come up with new ideas to cater for the fast-evolving
consumer needs. As they do this, they should ensure to cut on costs and reduce product time to
market.
An idea to create a new cosmetic product often arises from come a various sources such
as a change in consumer tastes and preferences, advancement in technology and continuous
innovation in the beauty industry. These new ideas are then taken by engineers and scientists
to generate original formulas, define the suitable branding and packaging, and warrant the
safety and constancy of the cosmetic product for final consumers.
Before the introduction or launching of a new cosmetic product into the market, the following
developmental stages are followed:

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Compliance of cosmetic product with regulatory requirements
This is very critical and is factored into ingredient assortment, selection of the final
procedure to be used, and packaging preferences to make sure that there is guaranteed safety for
all users. There are always minimum standards to be met when releasing a product to the market
(Knowlton & Pearce, 2014). In order for the product to be launched, it has to safe for
consumption and must comply with the set regulations. Additionally, all the product components
which include chemical substances and packaging are checked to ensure compliance with the
country of commercialization. All information and documents pertaining to the product are
collected as required by the country’s legislation they may include Safety Data Sheet and the
Cosmetic Notification Form.
Efficacy evaluation
Evaluation is conducted to ensure that the beauty product being introduced in the market
conveys on the claims and doles that are anticipated by the consumers. Depending on the
intended use of the cosmetic product being developed, it is possible to use and combine various
experimental approaches (Marshall& Johnston, 2019). The sensorial approach involves use of
touch, olfaction or sight by consumers themselves or experts. The instrumental approach such as
the laboratory instrumental tests however, favor specific criteria that allow objective analysis of
any activities attempted to replicate key parts of the product cycle under controlled conditions.
Microbiology
This test is conducted to determine the best preservative system in order to inhibit
development of fungi, bacteria and yeast that could lead to spoilage of the beauty/ cosmetic
product. Cosmetic products are substrates for the continued existence and growth of a variety of
micro-organisms as they retain some of the nutrients that necessitate development such ad
proteins, lipids, esteroids, amino acids among others. Conditions such as oxygenation, osmotic
degree and superficial activity present in cosmetics favor microbial multiplication. Some of the
routine examines that regulate microbiological worth of a cosmetic product are: count of molds