challenges in developing new products and services

Post on 27-Jan-2017

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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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