Developing And Managing Offerings Organizations

1134 Words Dec 5th, 2016 5 Pages
Developing and managing offerings organizations is among the list of high-risk any organization can make. These are decisions that can lead to bankruptcy if it fails nonetheless firms needs to continuously seek for ways to meet those needs if they must stay in business. Sure, in your area you have seen some businesses shut their doors after just a few periods of existence. Some firms like Adidas, Samsung, and Nike have more than one product while others have just one. What is certain in this relationship is that the development process follows seven steps principles, but may differ based on the business make up and the organization. The first step of this process is idea development. Idea Generation.
Conception phase or idea generation make up part of the job description of the management team of a company. If they stop having visions the organization will die a natural death. In this stage, a manuscript of proposed products from product designers, customers, suppliers and even employees are handed out to decision makers. This manuscript should have all the details about just everything, including the revenue generating prowess of the different products, which after looking and financial capacity of the company to invest in the new ideas and the advantages this new venture to the company are scrutinized and narrow down to a short list of one or more products. Not that some of the ideas here, though unethical can be from industrial espionage. When the management finishes…
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