Developing New Products & Services Course
Credits: 3 Credits (126 Clock Hours)
Self-paced: 4-month completion deadline.
Daily Starts
Step into the intricate dynamics of organizational strategies with this incisive course. This course shines a spotlight on the delicate balance that every business grapples with—the dichotomy between delivering premium, feature-packed products through luxurious engineering and crafting economical, efficient products through frugal engineering. By diving deep into these realms, students are equipped with insights that will empower them to navigate and contribute meaningfully in any organizational setting. Whether it's distinguishing between the essence of goods and services, or understanding the intricate frameworks of strategic action, this course unfolds the strategies and nuances that underline today's competitive market.
What you'll learn:
- Grasp key concepts surrounding differentiation and how innovations diffuse in monopolistic competition.
- Identify and understand the triad of approaches to product differentiation and price discrimination.
- Unravel the complexities of PD curves, distinguishing between the paradigms of Midas and Hermes products.
- Understand the pivotal development points that shape the trajectory of a new business venture.
- Delve into real option concepts and strategic frameworks, understanding their implications.
- Learn how the Ten-Ten planning process translates into formidable business strategies.
- Get acquainted with the step-by-step progression of crafting a robust business plan.
- Distinguish between the intrinsic qualities of goods versus services.
- Familiarize yourself with the nine supersectors that define the vast expanse of the service economy.
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Courses are self-paced and supported by qualified faculty. Students work on their reading, assignments, and quizzes on their own time. This flexibility allows students to study while navigating the rest of their busy lives. Our courses and programs have completion deadlines, but beyond that, students can complete the work on their own schedule. Instructors are always available for questions and support. Students are not required to attend any scheduled class meetings.
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Advance your education with an accredited certificate program from Washington Technical Institute (WTI). WTI is Regionally accredited by the Middle States Association CESS, and licensed by the Minnesota Office of Higher Education as an institution of higher learning.
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Washington Technical Institute is Regionally accredited by the Middle States Association CESS, and licensed by the Minnesota Office of Higher Education as an institution of higher learning.
