Marketing Concept | New Product Planning
The product life cycle is divided into four phases, namely introduction, growth, maturity, and decline. Product planning is done based on these steps. Product Initiation: In a product initiation phase, a request comes up for a new product or a modification in the existing product. Various management teams review these requests and study them in […]
Marketing Concept | New Product
The market has been growing exponentially, and thus, new product development becomes an important activity to keep generating more revenue. Therefore, companies have constantly been changing and updating their products. New products are being developed and introduced in the market. This is a complicated step and requires a massive amount of innovation. Reports suggest that […]
Case Study | Mitsubishi Electric – Promoting IoT By The Means Of e-F@ctory
Mitsubishi Electric Company has extended a wide variety of services enterprises, including Electricity and Electrical Systems, Manufacturing Systems for Automation, Information and Communication. The company also has a wide variety of world-class goods and technical facilities in the FA (Factory Automation) and e-F@ctory has been promoted since 2003. The objective is to reduce growth, production, […]