Product development is the most knowledge-intensive segment in enterprises; therefore knowledge management will have a direct bearing on the efficiency of product development. Taking the entire process of product development as research object, this paper divide product development process into three cycle stages which are product conceived, product design and product implementation. According to characters of the flow of knowledge in these stages, we put forward to implement knowledge management audit strategy, knowledge map strategy and knowledge patent strategy at each stage that enable enterprises to develop high-quality products quickly and accurately to meet market needs and obtain higher return on knowledge.
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