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2024-04-17T12:00:30.055Z

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

Saksham

Stealth • 4m

Since India has followed the footsteps of the EU and issued the daya protection laws, every startup owner must know about the DPDPA for save themselves from the huge liability. The Digital Personal Data Protection Act, 2023 (DPDPA) is crucial for startups handling personal data. This act emphasizes the importance of data protection, requiring startups to adhere to stringent compliance measures. Key aspects include: •obtaining explicit consent from individuals before processing their data •ensuring data security •allowing individuals the right to access and correct their data Non-compliance can result in severe penalties, making it essential for startups to prioritize data protection from the outset. The DPDPA aims to build trust, enhance data privacy, and promote responsible data handling practices among businesses. Notes: 1. The rules and regulations are yet to be introduced by the govt. 2. If you're GDPR compliant, you're majorly compliant with DPDPA.

0 replies6 likes

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