452 – Product Development with Henrik Johansson
The How of Business - How to start, run & grow a small business.
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How Much Does GEMBA Cost?
A research project is usually, I'd say on average, maybe five thousand dollars. The science projects can vary anyway from maybe 10,000 dollars to 100,000 dollars or more for really complex products. And then when you get into manufacturing, that's usually just structured as a small percentage of the purchase order. You probably need to have at least 30,00 dollars to go through and create a new product like this.
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