What do you understand by business experimentation?

[Good-Person]

There are many people who always look for new and innovative ideas when it comes to business. However, it is very important to analyse those ideas and make sure that they perform well under all circumstances. This is where business experimentation may play a big role. So, how do you view this? What are some examples of business experimentation?

 

[Frank]

When you try to put this into perspective, you can use the site building as an example. Those that build sites always focus on going through some beta testing to see what is working and what is not working on the site. You have that choice of hiring some users or sending your links to them in order for them to test the site and see what is going on with it. You can also do some beta testing in other businesses too.

 

[Kane]

A couple of years ago, the iPhone experimented by not giving chargers for free and selling the charger separately. The company said it was to reduce electronic waste. However, the experimentation worked and Apple managed to make $6.5 billion dollars by selling chargers separately. THis is a perfect example of business experimentation.

 

[Good-Person]

A couple of years ago, the iPhone experimented by not giving chargers for free and selling the charger separately. The company said it was to reduce electronic waste. However, the experimentation worked and Apple managed to make $6.5 billion dollars by selling chargers separately. THis is a perfect example of business experimentation.

I think that such kind of strategies may backfire. I am quite sure that there are many android phones that may be giving away chargers with the phone. In such cases, many iPhone users may have had opted to buy android. There are many android phones that come with the chargers.

 

[Ja sa bong]

Experimentation in business is whenever you're testing a new thing which you don't have in your business. The reason why you're doing this is to know if it's what will serve your business goals better. During the process of the experimentation, if it doesn't work as planned, it will be scrapped.