- FixedSomething that will not change and that acts as a constraint. The business model is usually considered fixed (unless the company is intentionally pursuing new business models). Something that is fixed is also considered known. Example: The company sells its products through a direct sales(...) Read More
- Flexible Product DevelopmentFlexible Product Development, as explained by Preston Smith in his book Flexible Product Development: Agile Hardware Development to Liberate Innovation, is a set of tools enabling product developers to defer decisions later in the development process. This ability to delay decisions allows(...) Read More
- Fuzzy Front EndThe Fuzzy Front End (FFE) is the messy beginning period of product development, when the product idea is still very vague. It precedes the more formal new product development process and generally consists of three tasks: strategic planning, concept generation and concept evaluation. These(...) Read More