for you how many filipino entrepreneur do you think also underwent the product or service planning and development process before they become successful entrepreneurs
for you how many filipino entrepreneur do you think also underwent the product or service planning and development process before they become successful entrepreneurs
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
for you how many filipino entrepreneur do you think also underwent the product or service planning and development process before they become successful entrepreneurs?
Transcribed Image Text:2. Technological Innovation
. Ordinary Innovation
Stages of Product or Service Planning and Development Process
1.
Idea stage
2. Concept Stage
3. Product development stage
4.
Test marketing stage
Recognizing the potential market is really one of the most difficult tasks to do. Once the 3S of opportunity
spotting and assessment have been diligently done, the entrepreneur should now be ready to prepare a
comprehensive business plan that covers marketing, operations, and financial plans.
Activity
How many Filipino entrepreneurs today do you think also underwent the product or service planning and
development process before they become successful entrepreneurs? Do you think the product or service planning and
development process is really crucial for all entrepreneurs? Why or Why not? Write your answers at the back of this
module.
Mr. MARK VINCENT N. SEGESA
marknayrie@gmail.com
09260435230
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