Given the trends in economic, social, political, and tech ..
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Given the trends in economic, social, political, and technological factors, how would one model and design a new product or service for tomorrow's consumer base by thinking of this as a strategy question that can involve multiple functions in a response, such as marketing, research, operations, finance, and technology.
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Solution Summary
Given the trends in economic, social, political, and technological factors, how would one model and design a new product or service for tomorrow's consumer base by thinking of this as a strategy question that can involve multiple functions in a response, such as marketing, research, operations, finance, and technology.
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The key to this question is that it deals with tomorrow's consumer base -- the consumer base of the future. We would have to model and design a new product or service for tomorrow's consumer base that incorporates factors of the unknown, which means the product would have to be adaptable to the future. The strategy being used to model and design the new product would incorporate marketing strategies as well as research, operations, finance, and technology strategies. The key strategies would focus on research and technology. One of the biggest problems with tomorrow's consumer base is that changes in technology happen so drastically and rapidly that they can literally overtake the market in a day. Look at Apple - when a new product hits the market, it completely explodes the market. All comparable technology from Apple's competitors becomes basically worthless once Apple debuts on the market with a product that is designed with a new Apple ...
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