- Developing marketable products
Description
Developing new products involves systematically designing, testing, and launching goods or services to address unmet needs, improve existing solutions, or respond to market changes. This strategy aims to remedy stagnation, declining relevance, or competitive threats by fostering innovation, enhancing customer satisfaction, and opening new revenue streams. Key actions include market research, concept development, prototyping, and iterative refinement to ensure practical, market-ready solutions that effectively solve identified problems.
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Constrained by
Facilitates
Facilitated by
Value
UIA organization
Reference
SDG
Metadata
Database
Global strategies
Type
(B) Basic universal strategies
Subject
- Commerce » Market
- Industry » Products
- Development » Development
Content quality
Yet to rate
Language
English
1A4N
W8926
DOCID
13389260
D7NID
197953
Editing link
Official link
Last update
Dec 6, 2022