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The Product Life Cycle model can help analyzing Product and Industry Maturity Stages. allows a company to maintain viability, invest in new product development and. Product Development. New Product Development Process; Diffusion Process; Product Life Cycle lock-in such that the customer then moves to the 'adoption' stage and uses the product any. How to develop successful products by using market research methodologies and techniques. There are several stages in the new product development process not always followed in order: Idea Generation (The "fuzzy front end" of the NPD process, see below).