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How to build a successful product development strategy

IBM Supply Chain Blog

To remain competitive in today’s relentlessly paced and ever-expanding marketplace, companies must think carefully about what products they’re developing and how they’re developing them, continuously iterating their processes to maintain a competitive edge. These seven stages of product development are: 1.

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Operational Planning: A Guide to Improve Business Efficiency & Success

Pipefy

Strategic plans define an organization’s business strategy and other long-term goals, while operational plans define the steps needed to achieve those goals. Hiring plan Operational plans often identify skills gaps in the existing team, requiring the project manager to hire additional members.

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Business process management (BPM) examples

IBM Supply Chain Blog

For example, BPM is smaller in scale than business process reengineering (BPR), which radically overhauls or replaces processes. Conversely, it has a larger scope than task management, which deals with individual tasks, and project management, which handles one-time initiatives.