Explain each step in the new product development process

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Reference no: EM133706674

Homework: Create an Infographic for a New Product

Background

For the signature homework, you will be asked to create a marketing plan for a new product or service later in the course. This homework asks you to identify your new product or service. As the Chief Marketing Officer, the CEO requested a training style Infographic (similar to a 1-page flyer) detailing the new product. The end user of this infographic will be the marketing team working under you.

You must engage in the new product development process in developing your new product. Since the procedure for marketers tends to be the worst executed, it is also essential to understand the risks and pitfalls in each stage. In this homework, you will:

I. Develop an infographic for the new product development process,
II. Introduce new products, and
III. Identify the steps you would go through to complete the new product development process

Task

Identify the steps in the new product development process and evaluate the challenges.

I. Create an infographic, a visual representation of your information. Your infographic should (i) show the steps in the new product development process and (ii) identify the challenges of each step. Use the Process Infographics format found at https://visme.co/blog/what-is-an-infographic/. Use boxes to illustrate the steps in the process. Label each box clearly to correspond with each step in the new product development process. Within each box, briefly describe the step and the associated challenges. The infographic should be the first page after the title page in your PowerPoint Presentation.

II. In addition to the infographic, explain each step in the new product development process in a PowerPoint presentation and evaluate the challenges. In your PowerPoint, identify each stage and the associated challenges for your new product. Be sure to provide the needed details in each step. Each slide should include a minimum of 100-150 words in the slide notes.

Reference no: EM133706674

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