{"title":"Theoretical insights into AI product launch strategies for start-ups: Navigating market challenges","authors":"Damilola Oluwaseun Ogundipe, Emmanuel Adeyemi Abaku","doi":"10.53294/ijfstr.2024.6.1.0032","DOIUrl":null,"url":null,"abstract":"Launching AI products presents unique challenges for start-ups, requiring a deep understanding of market dynamics and effective strategic planning. This paper explores theoretical frameworks and practical approaches to help start-ups navigate the complexities of AI product launches. We begin by analyzing market challenges, including competitive landscapes, market segmentation, and regulatory considerations. Drawing from theoretical models such as lean startup methodology, crossing the chasm theory, and blue ocean strategy, we propose a comprehensive framework for AI product launch strategies. Tactical approaches such as MVP development, customer-centricity, strategic partnerships, and scalability considerations are discussed to facilitate successful product launches. Implementation challenges, including talent acquisition, resource allocation, and investor management, are addressed alongside ethical considerations in AI deployment. Case studies and practical examples offer insights from both successful and failed AI product launches. Through this exploration, we aim to equip start-ups with the theoretical insights necessary to navigate market challenges and drive successful AI product launches in an ever-evolving landscape.","PeriodicalId":199114,"journal":{"name":"International Journal of Frontiers in Science and Technology Research","volume":"10 8","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2024-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Frontiers in Science and Technology Research","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.53294/ijfstr.2024.6.1.0032","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
Launching AI products presents unique challenges for start-ups, requiring a deep understanding of market dynamics and effective strategic planning. This paper explores theoretical frameworks and practical approaches to help start-ups navigate the complexities of AI product launches. We begin by analyzing market challenges, including competitive landscapes, market segmentation, and regulatory considerations. Drawing from theoretical models such as lean startup methodology, crossing the chasm theory, and blue ocean strategy, we propose a comprehensive framework for AI product launch strategies. Tactical approaches such as MVP development, customer-centricity, strategic partnerships, and scalability considerations are discussed to facilitate successful product launches. Implementation challenges, including talent acquisition, resource allocation, and investor management, are addressed alongside ethical considerations in AI deployment. Case studies and practical examples offer insights from both successful and failed AI product launches. Through this exploration, we aim to equip start-ups with the theoretical insights necessary to navigate market challenges and drive successful AI product launches in an ever-evolving landscape.