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Aadi Karani

Stealth • 9m

Yesterday we learnt about the IMPORTANT 4p's Let's learn about the "PRODUCT" in detail 1.Product can be physical or a service (Tangible or intangible) 2.Product is the most important element of business...Product decides success or failure of the business on a large scale 3.Product can be designed after a problem triggers you or your product can be a development in the existing products present in the market. Now let's understand how a new product (innovation or development) can be made. New product can be designed after you face a particular problem and you try to solve that problem for other people as well or you can provide a service which you feel is lacking in the market or daily life.DESIGNING A PROUCT IS A PROCESS. You can design a product by identifying a problem in day to day life & find a solution for it.You can find innovative solutions to solve the inefficiencies of the customers in the market We would learn about product life cycle tomorrow Do follow me !!! Do you want

6 replies9 likes

Replies (6)

Anonymous 3

Stealth • 9m

Leaning a lot from your posts, mate! Thanks 🙏

1 replies1 like

Anonymous 2

Stealth • 9m

💯💯

1 replies1 like

Anonymous 1

Stealth • 9m

Great post!

1 replies1 like

Recommendations from Medial

Anonymous

Stealth • 7m

Hello Medial Community! So, I am Product person and want to try out new things. I want you to drop a Assignment for me regarding you Startup. It can be any problem or product growth related somthing or anything arround the Product. Product here is

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Sanskar

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If you guys get a wish to ask for any services or product that doesn't exist in the market - what will it be?

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Shreyan Das

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Do you think focusing on designing, development and R&D of a product or securing funding and market research should be the first priority when building a product-based startup?

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How will investors invest in a product based company .. Should we release the product into the market or is the prototype enough?

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Chirayu Solanki

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What do you think, what are the possible Indias local market problem that can be solved using AI ?!

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Karan

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What should be the marketing strategy, when you are launching a new product category in market? Should we think to penetrate market first for awareness irrespective of PnL or should take conservative steps keeping breakeven in mind?

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Anonymous

Stealth • 6m

How important is a problem statement? If you can deliver a better product than the competition ,if it's quicker delivery or cheaper prices. Will it be a issue if there is not a huge problem? For example in the fashion industry if delivery speed is n

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Sagar Gupta

Stealth • 21d

Can anyone tell me what the profit margins in the footwears : some of the best manufacturers of footwear in India? : what kind of problem can a beginner face in this market? And what should be done to capture this market

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Havish Gupta

Stealth • 9m

What do you think should be the goal of a startup in it's first year? Should it be profit, or customers or product development or what?

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Mridul Chandhok

Stealth • 6m

What is the best way to market a product? 🌟Highlighting its Multi-functionality- Like how a simple dress or top can be styled in different ways 🌟 Fashion is an emotion for many, stressing on emotions will help in connecting with the buyer 🌟Sh