Challenges in developing new products and services

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Challenges in developing new products and services

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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Challenges in developing new products and services

1. Divyanshu Pal Nagar, IITK

2. 1.What challenges does a company faces in developing NEW PRODUCTS and SERVICES ?

3. HIGH development costs

4. Shortage of important ideas in certain areas

5. Social, economic and governmental constraints

6. Capital shortages.

7. Shorter required development time with new techniques and Strategic partners

8. Enormous need of Organizational support