How and when will you evaluate the success of the new product or service and its branding
Refinement. Using the idea that you have chosen, write a short paper covering the following:
How and when will you evaluate the success of the new product or service and its branding? Be sure to suggest processes that occur at regular intervals
and extend across the business, explaining how results will impact decisions on whether to continue or to initiate exit strategies.
What regular, business-wide feedback loops and processes will you implement to support the new idea, keep it on track, and make mid-course
corrections as needed? For example, will you adjust business functions and/or facilitate regular communication across departments? How will you collect
relevant information and ensure its accuracy?
In planning for the future, how will you identify and integrate other factors that might affect implementation of the new idea into your business decisions
and planning? In other words, what other things do you need to consider when moving forward?
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