Question

What is the key to product success form or function?

Answer 1

The key factors towards the success of a product form are:

1) Management determination : The top management should be determined to develop a world class product. It complies a team which is well competent and equipped to develop a new successful product.

2) Market survey : The company must have done the market survey to determine that a product is required to fill up the gap in the market.

3) Product development design : The team should design the product which is fisible to be executed into product. The designed should be long lasting and as per the customer requirement.

4) Development of product : The technical team should develop the product with the design in mind and at the least cost which is accepted by the customer.

5) Technology applied: The company should apply the latest technology to bring-up the product.

6) Product launching strategies : The company’s strategies to launch the product is very important because it should be brought to market at a time when it is valued by the customer to its highest and a good demand exists in the market.

7) Follow-up : The company must follow up the response of the customer and do the required changes in the product as demanded and confirm the product standards and norms.