New Products Questions

Amy Wohl makes some very interesting points about technology, which we would do well to remember:

New great changes are always about big changes in incremental value, as they are perceived by the BUYER, not by the seller.

Whenever someone tells you what they’re showing you will change the world (and the fun is that a few things in your lifetime actually will and you just might spot them), you should ask these important questions:

– For Whom – and How Many
– When
– At What Cost
– How Will They Find Out

If there are no good answers to these questions you probably aren’t looking at the next telephone or television or personal computer.

These are good questions for all entrepreneurs to consider before launching their product/solution. Our ideas like the 5KPC (Rs 5,000 PC) have to be considered in this context.

Published by

Rajesh Jain

An Entrepreneur based in Mumbai, India.