Launch plans are detailed strategies that outline the steps needed to introduce a new product or service to the market. These plans typically include timelines, target audiences, marketing strategies, and budget considerations. The goal is to ensure a successful launch that meets business objectives and resonates with potential customers. A well-structured launch plan often involves collaboration among various teams, such as marketing, sales, and product development. Each team plays a crucial role in executing the plan, from creating promotional materials to gathering customer feedback post-launch. This coordinated effort helps maximize the impact of the launch and supports long-term success.