Here's how you can kickstart a thriving product engineering business.

According to me we should look a product market fit first. Then we should look for what that product is not fulfilling although that market fit is working amazing but there will be some aspects which that product will lack and one should identify that missing thing and fulfill that one and start small and gradually day by day make improvements to make your own product perfect market fit that will be more responsive and user friendly as well as it will fulfill the customers need which no other player offers.

Nowadays you have to know the market to the point of being able to anticipate it. The development of new products acted on 2Ps out of the 4 Ps of the marketing mix, the product and the price but nowadays the development is starting to affect the other 2 Ps, placement and promotion (HFSS indicator in the UK - sector of activity l agri-food). Modern market analysis must be oriented towards understanding trends and anticipating changes in consumer behavior which are evolving much more quickly with social networks and technological advances (Smartphone, PC, 5g and soon 6g, AI). Market analysis must be adapted to this evolution and uses AI tools to analyze the enormous scientific and cultural content available to tomorrow's consumer.

El propósito de identificar un mercado objetivo es sencillo: tener una idea clara de los posibles clientes que podrían adquirir un producto o servicio para dirigir los esfuerzos de marketing. Conocer el mercado objetivo ayuda a las empresas a elaborar campa?as de marketing que lleguen y atraigan a su base de clientes. Hay muchas formas de definir un mercado objetivo, como la demografía, la psicografía, la firmografía y el comportamiento de los clientes.

I have hi-tech engineering of Thin film coating tech of PVD and CVD. and I have dispatched to Africa to help and assist the under develpoed countries by Korean Government for 3 years. and help to set up ICT e-Government program. Recntly I assist company who wants to bulid up offshore manufacturing of electronics products of home appliances and other ICT Products. I would like to give my consultation of solutions to whom need.

Procedures and performance can allways be done easier and better. Through hard work and routines you will meet the friction moments of the procedure. Start watching on them, ho to create a new method, tool or strategy to do these phases. This will create designs and items the market really needs.

The business plan is a living document. The draft sets the baseline and framework, and evolves with additional insights and knowledge over time, which is beneficial in refining the product engineering business’ strategy and goals. A well considered business plan will ensure the business has an efficient, effective and tangible path to success.

Un plan de negocios es un documento estratégico que detalla cómo una empresa prevé alcanzar sus objetivos. Algo más que un simple resumen de lo que la empresa planea hacer, es una guía para llevar a cabo cada etapa del negocio. Sin embargo, la importancia de un plan de negocios va más allá. No solo sirve para trazar una ruta clara hacia nuestra meta, sino también para identificar los posibles obstáculos que podrían surgir en el camino. Este plan nos ayuda a prepararnos para estos desafíos, dándonos una ventaja para superarlos con éxito.

Diligently work , evolve and come up with the organization's strong vision and mission statement and develop strategies towards reaching the milestones . Discuss on the goals and milestones with the team and encourage the team to come up with detailed resources requirement. Based on the estimate and forecast, prepare a comprehensive and achievable SMART business plan. Business plan should be reviewed and refined as many times and should be followed with appropriate resource allocation and follow ups .

I think it is important to focus on building the team in a consistent manner and to make sure that explaining the vision of the work to all team members and follow up the development continuously during the establishment period and follow the analysis with attention of the market during the same period in order to reach the best results and avoid losses. I think the existence of excellent financial management important because most of the beginnings are always a financial burden and need to be followed to achieve balance in order to continue. also catching customers through very good marketing plan. Continuity guarantees success and profits.

Los mejores equipos de trabajo son los que se estructuran correctamente, saben comunicarse e interaccionan entre sí. Motivación, participación, organización, compromiso, confianza, objetivos comunes y resolución de problemas son las características del trabajo en equipo fundamentales.

Product development: In my perspective, the product development process is such a good and critical process of PLM cycle, while we are developing a new product. which means when we would like to develop a product we should not focus and don't do benchmarking other vehicles like how our competitors vehicle has made. We just have to implement our plans and ideas in our new product developing vehicle. When we focus on other competitors vehicles then we never think about new plans and ideas. What I'm trying to say, there should be a difference between our new vehicle and other vehicles also.

No product should be built in a silo’s environment without an ability to talk to the early adopters. Mistake made by 99% of startups is building an MVP first, and then talking to potential users just to realize that the product needs a major pivot. MVP means you have a key user base (those who will pay the bill) to talk to while scoping the initial features. Don’t get into a pitfall of spending months and months on MVP development just to learn that there is no one willing to pay for your product

Desarrollo del producto: Es la creación física del producto que se lanzará a los clientes. Para los conceptos de software puede ser necesario ocuparse de la producción o llevar a cabo algún desarrollo extra. Bríndemosle al equipo el prototipo final y la información sobre las iteraciones del MVP para que el producto cumpla con las especificaciones correctas.

Una estrategia de marketing refiere a la serie de acciones a ejecutar, tanto dentro como fuera de una empresa, para comunicar mensajes estratégicos con una determinada finalidad, como llegar a potenciales consumidores y convertirlos en clientes de sus productos y servicios o comunicar ventajas competitivas sobre las empresas con las que rivalizan.

A transparent and wise pricing strategy is essential. It should be prioritized even before building the team, as offering competitive salaries is crucial for the long run. A well-structured pricing strategy ensures your team is well-compensated, supporting the product's long-term success.

I worked for years in a global company. The most important thing to us was financial stability... and to make sure that we get a fair price for us and our client.

The HPO methodology can summaries all points in this topic High performance organization is based on 06 elements if the project lead ensure their implementation in a relevant way he will certainly ensure the succes of the project of the product or service as well : 1- identify the Structure 2- identify the Process 3- evaluate the capabilitie of people which they will deliver. 4- Governance : very important to have a very clear drumbite plan and define how can we move from gate to gate efficacely. 5- D&T : a reliable system to support your ambition 6- rewards and recongnation : clear plan which allow you to evaluate target and maximum results.

For the success consists of various factors. Most important part is Niche Portfolio management Market Research Business Planning Technology & tools Marketing strategy Execution monitoring Secure funding Legal & compliance

Sales channel analysis: 1. My current channel and order percentage 2. New channel and new customer needs 3. How many E-com platform I can use and compete with others?