Question: Using the information below, create a critical analysis paper and answer the following questions in your paper: How would you reduce risks when you develop

Using the information below, create a critical analysis paper and answer the following questions in your paper: How would you reduce risks when you develop New Products or Services in a company? What are your strategies and recommendations? Format of Your Paper Introduction Introduce a topic Present thesis - argument about the work - "How will you reduce the risk of New Product Development?" Preview your argument - what are the steps you will take to prove your argument. Short summary of the work Does not need to be comprehensive - present only what the reader needs to know to understand your argument Post your paper as an attachment to your initial post. Journal article, " Reducing the Risks of New Product Development", authored by Susumu Ogawa and Frank T. Piller .MIT Sloan Management Review (2006). This article examines the various challenges associated with new product development and commercialization, highlighting the importance of mitigating costly project failures that can occur during these processes. To effectively address these challenges, companies can enhance their innovation strategies by engaging customers early in the development process. By gathering customer feedback and insights at this stage, businesses can better align their products with market demands

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