who is the common source of new ideas for a business?

an organization or country engaged in commercial or economic rivalry with others.

refers to an update in the current product offering of a company

responsible for the continuous improvement of the company

Refers to the creative process where designers generate ideas in a session.

they are known to be creative and always tend to find ways on how to fill the gap between current issues and current product offering.

the most classic form of ideation and is usually used by students and employees when generating ideas.

is simply the process of combining two ideas into one

the journey of an idea where you already understand the problem.

the journey of an idea where problem has been resolved.

refers to a marketing strategy in which a company tries to sell an existing product to a new group of consumers.

refers to updating or upgrading something that already exists

when the company launches new products in markets that have never existed before.

when the company will try to enter the newly established market for the first time.

instead of replacing older products, the company extends their product lines to create more varieties and provide more options to their customers

instead of a new product launch, the company releases the upgraded version of its existing products.

the company uses its existing products to target new market by making minor product modifications.

a stage in new product development where company needs to filter if the concept will be profitable or not.

the first stage in PLC where a company just launch their product to the new market

the first stage in PLC where sales increases due to promotional campaigns being run for brand awareness