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Term of the Day
BusinessDictionary.com
product led
Definition
Business
strategy
in which a
product
or
service
is
developed
before the firm can reasonably determine its
market
. Used for entirely new product categories (such as TV, pocket
calculator
, desktop
computer
) it is like of
making
keys first and then looking for locks to
open
.
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Nearby Terms
product innovation
product involvement
product knowledge
product launch
product layout
product lead time
product led
product liability
product liability insurance
product life cycle
product life cycle management
product line
product line pricing
Popular 'Decision Making, Problem Solving, & Strategy' Terms
macro environment
objective
corporate strategy
information
gap analysis
core competencies
marketing strategy
market orientation
external environment
strategy
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