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What Happens When a Product Has Been in the Marketplace

question 120

Essay

What happens when a product has been in the marketplace for a long time? How can this be avoided?


Definitions:

Radical Thinking

A form of thought that challenges traditional ideas and seeks profound systemic changes, often leading to innovative solutions.

Programmed Decisions

Decisions that are routine and repetitive, often made through established processes or policies.

Exploratory Innovation

The process of introducing new products or services by exploring and experimenting with novel ideas.

Radical Thinking

An approach to thinking that challenges traditional or established norms and advocates for fundamental changes or innovative solutions.

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