18 January 2024
According to statistics shared by a Harvard Business School professor, an overwhelming 95% of the 30,000 new products introduced yearly fail, highlighting the grim reality of product launches.
For product experts, the product death cycle is a daunting trap, where despite listening and building features customers ask for, the product fails to gain traction.
To break free from the cycle and achieve product success, companies need to focus on truly understanding customer pain points and developing products that address those issues effectively at the right time.
Startup, Product Development, Product Management, Entrepreneurship, Business Strategy, Market Research, Customer Insight, Innovation, Product Launch, Success Factors
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