Please List and Explain the Steps That Must Be Taken

question 12

Essay

Please list and explain the steps that must be taken before a performance management system can be successfully implemented.

---

Definitions:

Patent Protection

Legal rights granted to inventors to exclusively produce, use, or sell their invention for a certain period of time.

Market Approval

The official authorization for a product to be sold in a specific market, often referring to regulatory approval for pharmaceuticals or medical devices.

Substitute Products

Goods or services that serve as alternatives to others, offering consumers options when making purchase decisions.

Pharmaceutical Products

Medications and drugs developed for medical use to diagnose, treat, or prevent diseases.