Developing new products
- Developing marketable products
Description
Developing new products involves systematically designing, creating, and introducing goods or services to meet emerging needs or solve specific problems. This strategy focuses on identifying market gaps, generating innovative solutions, and transforming ideas into viable offerings. Its practical intent is to enhance competitiveness, address customer demands, and drive organizational growth by remedying stagnation, obsolescence, or unmet needs through continuous product innovation and effective implementation.
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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