The Operations Managers’ need for Awareness of Changing Markets

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The development of new products and services are critical to the sustainable growth of businesses. This 9 page paper explains why new products and services are important to business and discusses four key factors that operations managers have to be aware to be able to anticipate changes in products or services. The factors are product lifecycles, product development processes, demand factors and the important of competitive advantage. The bibliography cites 10 sources.