【Daily Topic】【Production Version 20170119】

(1) Adhering to a market-oriented approach and continuously meeting societal needs is the starting point and ultimate goal; this is the most fundamental principle. Without it, developing new products is nothing but empty talk. (2) Highlighting technical features and leveraging technological advantages. (3) Emphasize economic efficiency; the development of new products should bring good economic benefits to the enterprise, in accordance with market principles. (4) Adhering to the principle of continuous progress ensures that new product development proceeds healthily and sustainably, rather than being a one-time effort.

1. Determine the focus of product development based on market demands. The purpose of a company’s product development is to meet those needs of consumers that have not yet been fully satisfied, and whether the new products developed by the company can meet market demands is key to the success of such product development. 2. Determine product development based on the company’s resources and capabilities.

Based on market demands, companies determine the priorities for product development. The purpose of a company’s product development is to meet those needs of consumers that have not yet been fully satisfied, and whether the new products developed by the company can meet market demands is key to the success of such development efforts. Therefore, it is necessary to conduct thorough market research and scientific forecasting in order to analyze the trends in changing consumer demands as well as their requirements regarding product quality, performance, design, packaging, etc., and to develop new products that meet market needs. Products that cannot meet market demand, or those that can satisfy a certain demand but have an excessively small market volume, are not suitable for development. 2. Determine product development based on the company’s resources and capabilities.

(1) Adhering to a market-oriented approach and continuously meeting societal needs is the starting point and ultimate goal; this is the most fundamental principle. Without it, developing new products is nothing but empty talk. (2) Highlighting technical features and leveraging technological advantages. (3) Emphasize economic efficiency; the development of new products should ensure good economic returns for the enterprise, in accordance with market principles. Adhering to the principle of continuous progress ensures that new product development proceeds healthily and sustainably, rather than being a one-off effort.

Answer: 1. Determine the focus of product development based on market demand. The purpose of a company’s product development is to meet those needs of consumers that have not yet been fully satisfied, and whether the new products developed by the company can meet market demands is key to the success of such product development. Therefore, it is necessary to conduct thorough market research and scientific forecasting in order to analyze the trends in changing consumer demands as well as their requirements regarding product quality, performance, design, packaging, etc., and to develop new products that meet market needs. Products that cannot meet market demand, or those that can satisfy a certain demand but have an excessively small market volume, are not suitable for development. 2. Determine product development based on the company’s resources and capabilities.

Market-oriented, continuously meeting societal needs； Highlight technical features, leverage technical advantages, and focus on economic efficiency

The development of new products should be determined based on market demand and one’s own capabilities to create such products: offer something that others don’t have, be better than what others have, or find a different approach if others are superior

When developing new products, companies should follow these basic principles: 1. Determine the focus of product development based on market demand. The purpose of a company’s product development is to meet those needs of consumers that have not yet been fully satisfied, and whether the new products developed can meet market demands is key to the success of such development. Therefore, it is necessary to conduct thorough market research and scientific forecasting in order to analyze the trends in changing consumer demands as well as their requirements regarding product quality, performance, design, packaging, etc., and to develop new products that meet market needs. Products that cannot meet market demand, or those that can satisfy a certain demand but have an excessively small market volume, are not suitable for development. 2. Determine product development based on the company’s resources and capabilities.

There is a market, unique features, capabilities, and efficiency

1. Determine the focus of product development based on market demands. The purpose of a company’s product development is to meet those needs of consumers that have not yet been fully satisfied, and whether the new products developed by the company can meet market demands is key to the success of such product development. Therefore, it is necessary to conduct thorough market research and scientific forecasting in order to analyze the trends in changing consumer demands as well as their requirements regarding product quality, performance, design, packaging, etc., and to develop new products that meet market needs. Products that cannot meet market demand, or those that can satisfy a certain demand but have an excessively small market volume, are not suitable for development. 2. Determine product development based on the company’s resources and capabilities.