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- In this unit, we look at how innovations are commercialized, progressing through a common Product Life Cycle. What are each stages of the Product Life Cycle? What are the dominant characteristics of each stage?Name ONE (1) element/idea that can be considered as creativeWhat makes the product stand out compared to competitors?
- In which stage of the product life-cycle would you place Mi Ola’s products? In this stage, would you expect Helena Fogarty to put more emphasis on developing new products, deleting existing products, or modifying existing products? Why?Can the Internet help in more than one way? What distinguishing features do these products have relative to one another?Is there something unique or distinctive about the product or service that separates it from substitutes and competitors?