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Multi Generational Product Plan It is generally a strategic roadmap that designs the development and evolution of a product compare with multi-generation. This is generally including a long term vision for the product. Key Elements :- Product Vision – Vision should be very clear to achieve the aim of problem to be solve. Roadmap – A clear timeline and outline of the plan should be release of the product Market analysis – A good market research should be conducted to identify customer needs, trends and opportunities. Technology Considerations – A good technology stack and infrastructure is required for product growth. Resource allocation – A rich allocation of resources like – budget and time. Risk assessment – Timely identification of potential challenges and risk involved and make plan to mitigate them. Customer Feedback – A regress feedback from customer is required. Few real-world examples – Apple iPhone – Started from 2007 it has drastically updated the product as per new generation. Microsoft Windows - Microsoft Windows has started in 1985 with Window 1.0 to Window 11. Each one introduced with improved features as per customer requirement. Tesla Electric Vehicles – It also started with basic models and upgraded to new models based on new demanding features and performance. Video Game Consoles – These are very popular in kids. Products like play station started with PS1 to PS5 based on new generation with powerful hardware. Other smartphones – Smartphones has drastically upgraded as per customer requirements. Started with basic memory in KB to memories in GB with introduce of multi features which are required as per new generations. Major differences in Multi-Generational Product Plan (MGPP) and DMADV MGPP DMADV Purpose Primary used for product development and improvement. Used for process improvement and redesign. Phases Involves phased approach Involved structured 5 phase approach Focus Doesn’t follow a strict set of phases Follow strict set of 5 phase approach Approach Starts with product and aim to enhance it over time Starts with a problem or quality issue in mind Iterative Approach Both involves in iterative approach Both involves in iterative approach Continuous Improvement Both methodologies are aimed to achieve continuous improvement Both methodologies are aimed to achieve continuous improvement