In [[The Personal MBA]] a //product// is defined to be one of the [[Twelve standard Forms of Value]] (Form of Value #1 of 12)
!Key Points:
* Product-oriented businesses need you to:
** Create something tangible that people want.
** Produce it as inexpensively as possible while also having an acceptable quality.
** Sell as many units as possible, at the highest price possible for the market.
** Keep an inventory to deal with future orders.
* There are many kinds of products, like durable products, or consumable products, or even not physical products (think MP3).
*Products can be [[duplicated|Duplication]], [[multiplied|Multiplication]], and therefore they [[scale|Scale]] better than other forms of value.

!Questions for Consideration:
* Does delivering value as a product make sense for your business idea?
* If so, what do you need to plan for to make it successful?

Source: http://book.personalmba.com/product/
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mbi_public
created
Sat, 15 Jan 2011 17:47:58 GMT
creator
dirkjan
modified
Sat, 15 Jan 2011 17:47:58 GMT
modifier
dirkjan
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Term
The Personal MBA
creator
dirkjan