Begin evaluating every product development, product extension, product enhancement, and product revision activity in terms of actual customer purchases those activities will create. If you are developing new products without a precise linkage into the purchase potential of the customer, why are you wasting time, talent, energy and resources to develop something that you aren't even sure customers want? A product is only a product when many people are lining up to buy it; until then it is only a risk. Every activity in product development must begin and end with live customer experience, input, and design assistance. You cannot even begin to think about a new product until your customer base tells you what the product is, how it is to be positioned, priced, packaged, and delivered.
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