The Retail Product Lifecycle Masterclass focuses on equipping participants with the essential skills and knowledge required to effectively manage the lifecycle of retail products from inception to market exit. This course emphasizes a project-based and interactive approach, allowing participants to engage in real-world scenarios and apply theoretical concepts directly to practical challenges. By fostering collaboration and innovation, learners will emerge with a comprehensive understanding of product lifecycle management tailored specifically for the retail sector.
Participants will delve into various stages of the product lifecycle, including market research, product development, launch strategies, and end-of-life considerations. The course culminates in a final project where learners will develop a complete lifecycle management plan for a retail product, integrating insights gained throughout the program. Additionally, there is an opportunity for participants to publish their results in Cademix Magazine, enhancing their professional visibility and contributing to the field.
Understanding the Retail Product Lifecycle Stages
Conducting Market Research and Consumer Analysis
Developing Product Concepts and Prototypes
Strategic Pricing and Positioning in Retail
Launching Products: Marketing and Sales Strategies
Managing Inventory and Supply Chain Considerations
Monitoring Product Performance and Consumer Feedback
Implementing Product Modifications and Updates
Strategies for Product End-of-Life Management
Final Project: Creating a Comprehensive Product Lifecycle Plan