Acquiring the Product

         Acquiring, or developing, a product involves serious thought and creativity in order to achieve a specific goal it is being used for. You should start by researching all aspects of the product. That includes high quality products, best prices (are the prices suitable for what you are going for?), good customer service, and so on. Researching, I would say, is the most important part of product development for it informs you on what you are about to do and what the consequences are.

Being able to back up your product, or be knowledgeable in every single aspect of that one product is a substantial way to gain more followers, or in some cases sponsorships. Along with being knowledgeable, you should also be aware of strengths, weaknesses, opportunities, and threats, known as SWOT. SWOT will help you, as a company/group/team, to know what you want to achieve, what opportunities to take advantage of, and who or what are threats to you. All of the research being done is part of your planning process, which turns into organizing those plans, and then developing a suitable product for your company to sell in order to become bigger and better in everything you do as a whole.

Through your planning process, you begin to develop ideas and possible outcomes for your company as a whole. Forming ideas and organizing them as a whole not only improves group performance, but it builds relationships within the company to make it ten times better.