A brand-new product is a good or service built from the ground up to solve an unmet market need under a completely new brand identity. This strategy is inherently risky, as roughly 95% of all new product launches fail. However, managing a launch correctly creates immense brand equity and expands market share. The Product Launch Lifecycle
Bringing a brand-new concept to market requires moving through a structured, multi-phase timeline: 10 Things You Must Know When Launching A New Product
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