Deutsch: Entwicklung / Español: Desarrollo / Português: Desenvolvimento / Français: Développement / Italiano: Sviluppo /
Development means the carrying out of building, engineering, mining or other operations in, on, and over or under land or the making of a material change in the use of any buildings or other land.
Description
Development in the industrial context refers to the process of improving or growing a specific area within the industry. It involves the creation and implementation of new technologies, processes, products, or services to enhance efficiency, productivity, and overall performance. Development can also encompass the expansion of existing facilities, the introduction of new markets, or the enhancement of existing ones. It plays a crucial role in the evolution of industries, driving innovation and competitiveness in the global market. Companies invest heavily in development to stay ahead of the competition and adapt to changing market demands.
Application Areas
- Product development
- Process improvement
- Market expansion
- Technological advancements
- Supply chain optimization
Risks and Challenges
- High investment costs
- Market uncertainties
- Regulatory challenges
- Competitive pressures
- Technological obsolescence
Examples
- Research and development of new products
- Implementation of automated processes in manufacturing
- Expansion into new markets through strategic partnerships
- Adoption of sustainable practices in industrial operations
Similar Concepts and Terms
- Innovation
- Growth
- Progress
- Advancement
- Modernization
Weblinks
- finanzen-lexikon.de: 'Entwicklung' in the finanzen-lexikon.de (German)
- umweltdatenbank.de: 'Entwicklung' im Lexikon der umweltdatenbank.de (German)
- environment-database.eu: 'Development' in the glossary of the environment-database.eu
- information-lexikon.de: 'Entwicklung' in the information-lexikon.de (German)
- psychology-lexicon.com: 'Development' in the psychology-lexicon.com
- space-glossary.com: 'Development' in the space-glossary.com
- travel-glossary.com: 'Development' in the travel-glossary.com
- bremen-huchting.de: 'Entwicklung' in the bremen-huchting.de (German)
- allerwelt-lexikon.de: 'Entwicklung' in the allerwelt-lexikon.de (German)
Articles with 'Development' in the title
- Product Development: Product Development in the industrial context refers to the complete process of bringing a new product to market or improving an existing product. This process includes ideation, design, engineering, prototyping, testing, and finally, . . .
- Research and development: Research and development: Research and Development (R&-D) in the industrial and industry context refers to the set of innovative activities undertaken by corporations or governments in developing new products or services, or in . . .
- Sustainable Development: Sustainable Development in the industrial and industry context refers to the practice of implementing production and operational processes that meet the current needs without compromising the ability of future generations to meet their . . .
- Sustainable industrial development: Sustainable industrial development in the industrial and industry context emphasizes achieving economic growth and competitiveness while ensuring environmental sustainability and social equity
- Urban Development: Urban Development in the industrial and industry context refers to the planning, construction, and management activities focused on the expansion and revitalization of urban areas
Summary
Development in the industrial context plays a vital role in driving innovation, enhancing competitiveness, and adapting to market changes. It involves the creation and implementation of new technologies, processes, and products to improve efficiency and performance. Despite the risks and challenges involved, companies continue to invest in development to stay ahead of the competition and meet the demands of the global market.
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