Creation of new products and new business themes “New world economy and new product development”
The collapse of the world structure & Lady Luck
It has been about seven months since the new coronavirus (COVID-19) occurred in Wuhan, China. During this time, the framework of the world economy has changed, and borders on the map appear as lines, but it can be said that it has become difficult to grasp the situation inside them visually. Neither good nor bad, it’s no exaggeration to say that the composition of the capitalist society has collapsed in an instant. Whatever the reason, it would be quite real to prepare for the new departure to the future as because an existing framework has been broken.
However, the most annoying DNA, also as called the human character, exert more power for returning to yesterday’s mechanism than for moving forward for tomorrow. In other words, we may say that human beings are always in conflict with backward intention and forward intention, which eventually leads to voting backward intention. Lady luck is often said to have no hair behind her head. In means, if you don’t seize the opportunity at the moment she passes by you, there would be no chance to grab it after she passes by you.
The new world economy and new product development
The “World Economic Crisis,” which is predicted to occur around March 2021, would be much worse than the economic crisis of the 1930s or the Lehman shock of 2009. That is, I think it has a destructive force that we cannot even predict. This is beyond the bounds of expectations, but it is natural to think that the current situation would bring a significant crisis in the world economy. The question is, how do these predictions relate to new product development? The answer is the economic framework and products are two sides of the same coin. I mentioned earlier that in the ” The collapse of the world structure & Lady Luck”, the backward intention is stronger than the forward one. New product development is precisely the same. While many developers say innovation is essential, but they’re always eager to return to a safe, reasonable path to maintain the status quo.
However, due to the new coronavirus, the place no longer exists. In other words, the lady luck is about to come over as if new product development is in tune with the arrival of a new world economy. I should say we shall not miss this opportunity.