Question about product development

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Reference no: EM1378394

The manager of my firm is deciding whether to construct a brand new item not yet seen in the marketplace or a version of a competitor's product that has already been launched into the marketplace.

Management has called a meeting to discuss which way to go. They want to know if they should follow the "first-mover" or "late-mover" theory. I have been assigned the task to develop a presentation for this meeting that will give evidence that either supports or disagrees with these theories.

I will be doing speaker's notes on PowerPoint slides, I will be elaborating in bullet points in my presentation.

I decided that it would be better to come up with a new version of a product already on the marketplace. (What do you think?)

I reviewed Market Penetration, Horizontal Integration, Market Development, Backward Integration, Forward Integration.

Reference no: EM1378394

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