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Challenges in developing new products and services

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Sameer Mathur
Sameer Mathur

Challenges in developing new products and services

Marketing
1 of 8
Divyanshu Pal Nagar, IITK
1.What challenges does a company faces in developing NEW PRODUCTS and SERVICES ?
HIGH development costs
Shortage of important ideas in certain areas
Social, economic and governmental constraints
Capital shortages.
Shorter required development time with new techniques and Strategic partners
Enormous need of Organizational support

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Challenges in developing new products and services