Tuesday 11 June 2019

Ted Fick: Tips for Launching a New Product


Ted Fick has managed significant turnarounds and multimillion-dollar company transformations throughout his career—most notably as a senior executive at such firms as Polar Corporation (2009-2013), Port of Seattle (2014-2017) and Ingersoll Rand (2004-2007).

An accomplished leader and executive in the business community, Ted Fick has enjoyed the opportunity not just to turn underperforming organizations into reinvigorated, newly-competitive enterprises, but to also be a driving force behind a number of important process and product innovations—including the development and launch of the TriPac auxiliary power unit as President of Thermo King Corporation.


Launching a product: what to know

As Fick knows, launching a new product can be a complicated process, though it’s important to keep several things in mind as you prepare to put your innovation in the market, such as:

  • You’re solving a problem. When developing something new, it helps to approach the process knowing you’re not only creating a product—you’re providing a solution that can potentially resolve an important customer problem.
  • Experience is your product. From clicking on the advertisement to actual use of your product, it’s important to consider the entirety of the experience when developing and launching the new item.

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