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HomeMarketingProduct PortfolioAchieving growth through product development

Achieving growth through product development

A main source of business growth is through product innovation. New products often come from ideas. These are either new ideas or ideas for extension strategies for existing products or services. An idea is a plan, a scheme, method or a thought process. By their very nature new ideas are creative. They often provide solutions to problems. They help to meet the needs of customers and they also make products distinctive from those of the competition. New ideas If organisations are to succeed, they rely…

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