Innovation and Product Deleopment in Growth Stage
A webinar where Mr.Naveen Lakkur shared insights on product development in the growth stage, emphasizing the importance of idea validation and avoiding costly mistakes. He discussed the use of loss leadership strategy for customer attraction and increasing market share. Profitability and innovation were highlighted as crucial factors during this stage. Tips on customer profit analysis and market segmentation were also shared.
The speaker emphasized the significance of customer-centric orientation for increasing loyalty and driving growth. Finally, the role of product packaging in differentiation and profitability was discussed. Overall,An informative session which provided valuable insights on product development in the growth stage.