Asked by Aliah Manta on Sep 26, 2024
Key capabilities for today's companies include rapid product development and continuous cost reduction.
Rapid Product Development
An approach to developing new products in a time-efficient manner, often using iterations, feedback, and agile methods.
Cost Reduction
The process or strategies aimed at decreasing the total expenses incurred by a business, thereby increasing its profitability.
- Comprehend the importance of prediction and creativity in forming business strategies.
- Acknowledge the impact of digital transformation on competitive advantage and business models.
Learning Objectives
- Comprehend the importance of prediction and creativity in forming business strategies.
- Acknowledge the impact of digital transformation on competitive advantage and business models.
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