The document outlines three phases for launching a new product: market research, pre-launch, and launch. Market research involves understanding customer needs, positioning the product against competitors, determining an appropriate price based on quality, and analyzing competitors' strengths and weaknesses. The pre-launch phase includes advertising the upcoming product, online marketing, choosing an optimal launch time, and selecting a suitable product name. Finally, during the launch phase companies should contact distributors, consider the level of risk, and obtain feedback on social media to evaluate the product's reception.