Ways of updating knowledge of products and technical services

Effective research into your markets and competitors will help you do this.

See our guide on how to understand your competitors.

Ideally, you should always have new products or services to introduce as others decline so that at least one part of your range is showing a sales peak.

There's a lot at stake when developing a new product or service.

If you're creating a toy, you should consider what parents as well as children will think of it.Every potential new product or service requires a dedicated development team.In creating your team you need to include people with a variety of skills.See the page in this guide on how to manage a development project.Developing new products and services is an inherently risky process.

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