process and a traditional product development process within a firm?
Both the methods work on similar processes that aim to decrease cost, increase revenue,
expand market share, customer base and survive in market.
Both the processes undergo design phase, production, marketing, sales and distribution
phase during product development.
Both the methods aim at satisfying customer needs. To understand the customer needs they
conduct research, surveys in traditional product development and voting in community
Both the methods offer reward programs to satisfy existing customers and invite new
The time taken to produce a product in traditional product development is more when
compared to community driven product development.
Community product development has the advantage of getting a budding product critiqued
during its design stage whereas Traditional development cannot do so until the product has
taken complete shape and is released into the market.
The overall cost investment and maintenance is cheaper in community product