Saturday, April 19, 2014

New Products & Terminologies



Nowadays, market is flooded with disruptive innovative products. The functionality of these new products is in such a way that the moment it enters the market, it is attracting all the demand of the related products in the market. Deep dive analytical thinking is the reason behind these kind of innovative products. Entrepreneurs are taking huge risks and are drilling down the complicated technical concepts to come up with these disruptive products. Investors, who are backing these R&D ventures, are boiling the ocean to get what they want from their scientists. Marketing people are doing their level best to market these products by creating amazing and attractive elevator pitches with granular details to booking prime time slots in communication channels to gain face time with prospects. The triangle collaboration among entrepreneurs, investors, and marketing people is creating amazing results. Just like SMS has changed the way the people type their text, these new inventions have changed the people’s terminology like never before; kudos to marketing teams who have brought this kind of change in people to bring them in sync with their sales pitches. For example, people are now using ‘deets’ (Ping me your deets!) instead of saying ‘Contact Details’; instead of saying ‘shall I schedule a meeting’, they are saying ‘shall I calendarise’.  

Going forward, if this kind of pace continues, we will definitely see hitherto unknown major changes both in the lifestyle and terminology of the people.

Note: You can view the 10 business phrases around which this post has been written at the bottom of the post.

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