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New Product Decisions
New products have a high failure rate, so it’s important to pick winners. Key questions include:
- Is there a "white space" opportunity to develop a new product in this category?
- Which of our concepts should we prioritize for development, either regionally or globally?
- How likely is my new product to endure beyond the first year?
- How can we optimize our initiative and its marketing plan to increase the odds for consumer adoption?
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