Enterprise Angels (BOP) aims to identify winning products to improve investment outcomes. Locus Research helps with product creation, development, branding, and commercialization. Key ingredients for a winning product include strong research, testing, sustainability practices, distribution channels, branding, intellectual property potential, and understanding customer needs. Proper documentation throughout the development process provides insight into a product and its viability. Compliance, distribution, branding, and developing a business beyond a single product are important considerations.
3. Locus Research – an introduction Our core business is developing products and bringing them to market. We do this by integrating the functions of: Product/service creation and development; Brand creation & graphic communication; Sustainable product development & life cycle thinking; Project management, product commercialisation & business development.
There are a range of things which make up a winning product, these range widely and some have a direct impact whilst others have an indirect impact.
Research underpins a product development programme. It helps to define where the ideas came from and provide a clear illustration of the projects direction and intent.It provides an excellent insight into what the person/organisation are like: gung ho? Organised?A research platform provides a secure basis for the creation, protection and defence of IP. It provides a chain of custody and a coherent rationale about the problems and the downstream solutions.
There are very few ideas out there that don't require a lot of work to realise. Even the simplest product requires a huge effort to productionise to enable thousands of products to be made. This diagram illustrates the basic principle that to achieve a greater degree of change it takes a greater research base and in turn has a direct influence on project scope.