Question: Some companies that deal in software, apps, and web-based services dont follow the lengthy, methodical product development described in the cheaper but instead launch products

Some companies that deal in software, apps, and web-based services don’t follow the lengthy, methodical product development described in the cheaper but instead launch products as quickly and as cheaply as possible, then see which products seem to have market potential and refine them over time with customer input. What do you think would be the advantages and disadvantages of this approach?

Step by Step Solution

★★★★★

3.41 Rating (164 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

An advantage would be getting products out quickly and reaping the fin... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

381-B-M-L-G-M (921).docx

120 KBs Word File

Students Have Also Explored These Related Management Leadership Questions!

What do you think would be appropriate punishment for those found guilty of assault or indecent exposure in the Tailhook situation? Why?

What do you think would be the single biggest advantage and disadvantage to working with a large organization? A small organization?

What do you think would be the advantages of an epayables system over a traditional system that uses paper purchase orders and invoices?

I am struggling to do the proper computations for some simple accounting. After i get this down, i will produce a paper on the importance of each number i solved for. Can someone please help me...

TB0383 Andrew C. Inkpen General Electric's Corporate Strategy Like the premature obituary of writer Mark Twain, reports of the death of the conglomerate are often exaggerated. Diversified companies,...

Did corporate prerogatives in "earnings management" conflict with the particular needs of individual businesses and business groups at GE? In 2001, Jeff Immelt became CEO and was still in the job in...

For this assignment, you will read the Electrolux and GE Appliances case study, which offers an analysis of the Electrolux?s valuation process during its acquisition of GE Appliances in August of...

Teleflex Canada, a division of Teleflex Inc., manufactured a range of products, including marine hydraulic steering systems, trim components for marine propulsion, heating equipment for both the...

Did corporate prerogatives in earnings management conflict with the particular needs of individual businesses and business groups at GE? ANDREW C. INKPEN General Electric's Corporate Strategy Like...

4 easy accounting questions and a comfortable due date. Sorry I can't offer any more tutor credit. Thanks in advance! :-) Question 1: A few years ago, a publishing company in the fourth quarter had a...

What is the earliest point in the sales tax collection process that revenue may be recognized? How can you justify recognizing revenue on the basis of this event?

(a) When is it proper to pierce the corporate veil in an effort to reach the personal assets of a shareholder? (b) How can an owner/manager of a small corporation ensure that the corporate veil will...

3. Consider a world with some capital mobility; the home countrys capital account improves as domestic interest rates rise relative to the world rate of interest. Initially, the home country is in...

You want to know specifically which business goal a group of project and programs are goin to accomplish. Which is the best place to look for this information? A. Project Plan B. Project Charter C. *...

Identify the major types of commercial banks, and outline the impact of banking deregulation over the past three decades.

Could a publicly owned, for-profit bank that truly espoused a customer-first approach successfully compete against both Alliant and other banks? Why or why not?

Distinguish investment banks from commercial banks, and identify the three major types of investment banks.

QUESTION 9 The Allowance for Bad Debts account has a credit balance of 58,300 before the adjusting entry for bad debts expense. Aher analyzing the accounts in the accounts receivable subsidiary...

Mini-case 1: Interest Rates, Bond Yields, and Duration CONCEPTS IN THIS CASE simple loans fixed-payment loans coupon bonds present value yield-to-maturity current yield nominal and real interest...

Tornadoes cause many deaths each year in the United States. The order values for the yearly number of deaths for the 54 years 1950 through 2003 are: 15, 24, 25, 27, 28, 30, 30, 31, 32, 33, 34, 34,...