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Product Development specialists to projects that need execution, now.

Product development, at its most basic level, is the process of creating a new product that consumers will want to buy from you. This involves a team of people from multiple different departments coming together to create this product. This means that the Finance department needs to get involved in order to figure out how much it will cost to produce your new products, and Marketing needs to get involved so they can figure out what type of advertising they should do for this product in order for it to be successful.

The stages of product development are:

Research. Research of product development helps organizations in its final stages by providing crucial information about customer needs and their hopes for new products. This information helps the business to develop new products that address these needs and will be successful in the market.

The Testing Stage. Testing stage involves testing of produced prototype/model on physical basis like structural strength, aesthetics, performance etc. Before reaching mass production stage.

The Development Stage. Development stage involves production of different items like sketches, drawings, prototypes and models for testing before reaching the final product which will be released in market.

The Marketing stage. Marketing stage of product development is mainly targeted towards selling of products through out the marketplace.

Different types of products

Just to clarify, product development can be done for anything. It does not have to be just for physical goods. This term could also include the creation of a new software program or even a website. However, in most instances, people use this term for creating physical goods that they will later sell to consumers.

When it comes to product development, you will usually have 2 different types of products: physical and digital. Physical products include things like cars and computers and digital means products that you can download onto your computer like an e-book or information about a new technology.

Different types of product development efforts

As mentioned before, no two product development efforts are the same. There are different strategies that you can take to improve your company’s bottom line and one of the most common ones is:

The idea generation process: this process is used when you want to create a new product and figure out what type of thing it should be. This directly involves the Marketing department. They sit down and think of ways to market this new product so they can figure out if there is a demand for it or not.

The Discovery process: this process happens when you have a concept for a new product but you don’t want to invest any money into creating it yet. This is also done by the Marketing department and the Finance department. They need to figure out how much it will cost you to create this new product and what type of advertising you should do for it if you create it.

The Development process: this is where money is invested in creating your new products. This department involves many different departments like Engineering, Operations, and Legal, as well as Marketing and Finance again. This process involves figuring out how to make your products for the best price possible and how much they should cost.

The Introduction process: this happens when your new product has been successfully created and now it’s time to sell them to consumers! Marketing needs to come back into play here because they need to figure out what advertising methods they will use. They are the ones to decide if they will do online or TV ads, or if they will do both.

This is just one of many different ways to approach product development. Your company may have its own unique strategy for approaching this topic so it’s important that you research your specific industry in order to figure out how you should best go about creating your new products. Better still, you can hire Product Development Consultants from Fintalent, the hiring and collaboration platform for tier-1 Strategy and M&A professionals. Fintalent has an array of consultants available to help develop and market your product with experts in Product management and Sales Strategy all available for hire.

Hire related Fintalents

Hire the best Product Development specialists in 2,900+ industries

Fintalent is the invite-only community for top-tier M&A consultants and Strategy talent. Hire global Product Development consultants with extensive experience in over 2,900 industries. Our platform allows you to build your team of independent Product Development specialists in 48 hours. Welcome to the future of Mergers & Acquisitions!

Why should you hire Product Development experts with Fintalent?

Trusted Network

Every Fintalent is exclusively invited and vetted.

Ready in 48h​​​

Hire efficiently. Your M&A team is ready in 2 days or less.​​​​

Specialized Skills​

Fintalents are best-in-class - and specialized in 2,900+ industries.​

Code of Ethics​​

We guarantee highest integrity and ethical principles.​​​

Selected Clients and Partners

Frequently asked questions

Most frequent questions and answers

What clients usually engage your Product Development Consultants?

We work with clients from all over the world. Our clients range from enterprise and corporate clients to companies that are backed by Private Equity or Venture Capital funds. Furthermore, we work directly with Family Offices, Private Equity firms, and Asset Managers. Most of our enterprise clients have dedicated Corporate Development, M&A, and Strategy divisions which are utilizing our pool of Product Development talent to add on-demand and flexible resources, expertise, or staff to their in-house team.

How is Fintalent different?

Fintalent is not a staffing agency. We are a community of best-in-class Product Development professionals, highly specialized within their domains. We have streamlined the process of engaging the best Product Development talent and are able to provide clients with Product Development professionals within 48 hours of first engaging them. We believe that our platform provides more value for Corporates, Ventures, Private Equity and Venture Capital firms, and Family Offices.

Our Hiring Process – What do ‘Community-Approach’ and ‘Invite-to-Apply’ mean?

‘Invite-to-Apply’ is the process by which we shortlist candidates for the majority of projects on our platform. Often, due to the confidential nature of our clients’ projects, we do not release projects to our whole platform but using the matching technology and expertise of our internal team we select candidates who are the best fit for our clients’ needs. This approach also ensures engagement with our community of professionals on the Fintalent platform, and is a benefit both to our clients and independent professionals, as our freelancers have direct access to the roles best suited to their skills and are more likely to take an interest in a project if they have been sought out directly. In addition, if a member of our community is unavailable for a project but knows someone whose skill set perfectly fits the brief, they are able to invite them to apply for the role, utilizing the personal networks of each talent on our platform.

Which skills and expertise do your Fintalents have?

The Fintalents are hand-picked and vetted Product Development professionals, speak over 55 languages, and have professional experience in all geographical markets. Our Product Development consultants’ experience ranges from 3+ years as analysts at top investment banks and Strategy consultancies, to later career C-level executives. The average working experience is 6.9 years and 80% of all Fintalents range from 3-12 years into their careers.

Our Product Development consultants have experience in leading firms as well as interfacing with clients and wider corporate structures and management. What makes our Product Development talent pool stand out is the fact that they have technical backgrounds in over 2,900 industries.

How does the screening and onboarding of your Product Development talent work?

Fintalent.io is an invite-only platform and we believe in the power of referrals and a closed-loop community. Members of our community are able to invite a small number of professionals onto the platform. In addition, our team actively scouts for the best talent who have experience in investment banking or have worked at a global top management consultancy. All of our community-referred talent and scouted talent are subject to a rigorous screening process. As such, over the last 18 months totaling more than 750 hours of onboarding calls, of which only 40% have received an invite-link after the call.

What happens if I am not satisfied with my Product Development consultant’s work?

During your initial engagement with a member of our Fintalent talent pool with no risk. If you are not satisfied with the quality of your hire for any reason then we are able to find a replacement at short notice. There is no minimum commitment per project, but generally projects last at least 5 days and can last 12+ months.

Interested in our invite-only community of tier-1 Product Development experts?

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