Why is successful product management increasingly important as technology moves forward and the marketplace becomes more globalized?
What will be an ideal response?
As more competitors enter the global marketplace and as technology moves forward at an increasing pace, more and more products are created, grow, reach maturity, and decline faster. This means that good product decisions are more critical than ever. Marketers don't have the time to try one thing, find out if it does not work, and then try something else.
You might also like to view...
Classification of management science techniques does not recognize:
A) linear mathematical programming. B) probabilistic techniques. C) network techniques. D) computer programming.
Which insurance principle is correctly paired with its definition?
A) principle of economically feasible premium: the principle that states that insurers will not pay the insured more in damage claims than the dollar loss actually sustained B) principle of indemnity: the principle that groups that are more apt to need insurance are also those that are more apt to want it C) law of adverse selection: the principle that says that insurers must spread their risks so that no single disaster or catastrophe forces them to satisfy all the claims by all the insured at the same time D) law of large numbers: the principle that says the future probability of a loss can be predicted from a large number of past occurrences E) principle of catastrophic hazard: the principle that states that a premium must be priced low enough to be affordable to the insured, but substantially less than the face value of the policy