PLEASE HELP me with the following Positive feedback and comm

---------------------------------------------------PLEASE HELP me with the following.. Positive feedback and comments will be left if answered correctly. Everything needed is provided below. Thank you so much...

Instructions: Identify three external product development strategies; describe each in a sentence or two.

Solution

External product strategies can be given as below

1)Expertis by acquiring skilled developer( Hostile acquire)

2)Allianes

3) Purchase of technologies- A firm which has an expertise in the technology w are interested in could define this. This strategy putforth challlenges of inclusing the technolog and product of bought firm into mainstream.

Now will describe each of these strategies

Purchase of technologies- A firm which has an expertise in the technology w are interested in could define this. This strategy putforth challlenges of inclusing the technolog and product of bought firm into mainstream.

Alliances- They can be horizontal or vertical i.e to increase the synergy value they form alliances

Joint venture is to prusue new products and markets