1) Identify a Market Need: Start by identifying a specific problem or need within the digital platform ecosystem. Consider what existing devices or technologies are lacking or could be improved upon. 2) Market Research: Conduct thorough market research to understand the demand, competition, and potential customer base for your device. This will help you refine your idea and determine if there's a viable market. 3) Conceptualization: Develop a clear concept for your device. Outline its main features, functions, and how it will...

1) Tech-Centricity: The new generation is highly tech-savvy, having grown up with smartphones, social media, and the internet. Any product aimed at this demographic should leverage technology, offer seamless digital experiences, and potentially integrate with smartphones or other devices. 2) Sustainability: Environmental consciousness is a significant concern for the new generation. Products and solutions that are eco-friendly, use sustainable materials, or promote sustainable practices will resonate with this audience. 3) Customization and Personalization: Personalization is a key trend. Products that allow...

1) Goal Alignment: Business strategy ensures that all the activities and initiatives within the organization are aligned with its overarching goals. This alignment helps in focusing the company's efforts and resources in the right direction. 2) Competitive Advantage: A well-crafted business strategy can help a company gain a competitive advantage over its rivals. This can be achieved through various means such as cost leadership, product differentiation, innovation, or market niche focus. 3) Resource Allocation: Strategy helps in determining how resources (financial, human,...