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Question: Assess the types of stakeholders involved in the development process for the product/service of your chosen company. Evaluate the impact of key inputs from stakeholder groups on new product/service development efforts. Analyze the role these key stakeholder groups can play in contributing to the success of a new product/service.
Justify at least two persuasive strategies that can be used to engage stakeholders in new product/service development projects. Assess the key competitive advantages that utilizing the current trends in information technology (IT) will deliver to the area of new product/service development.
Submission Details: Submit your answers in a 3- to 4-page Microsoft Word document, using APA style. Assessment of the types of stakeholders involved in the new product/service development process and the impact of key inputs from them was compelling and showed well-developed logical progression. Well supported by research.
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The entire work has done as per the instructions, which aims to highlight the role of stakeholders in development of the new product. Hence, as the student works in Nike, the product that has been considered is Nike Flyleather. The stakeholders that are involved in development of flyleather are employees,board of directors, suppliers, government and customer. Further report has discussed how their input and their role help in development and success of Nike Flyleather. Apart from that, the strategies that can engage stakeholders and how IT new trend of company help to develop Nike Flyleather has been discussed
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