Chaos theory relates to product development in several ways:
1) Product development involves complex systems influenced by many internal and external factors, making outcomes difficult to predict and causing uncertainty similar to chaotic systems.
2) Characteristics of chaotic systems like sensitive dependence on initial conditions, feedback loops, and short term predictability but long term unpredictability reflect aspects of product development processes.
3) Understanding chaos theory may help improve the effectiveness of product development by providing insights into how to manage uncertainty and make better decisions in complex, unpredictable environments.