new product development, Marketing Management

Assignment Help:

Disruptive innovations
1. appearance of something that did not exists before ex...(ipod, internet, telephone)
2. appearance of something that competes aggressively with existing market    ex... (a new item at a tenth of a price of any existing item) 

we need to come up with a new product which enriches our lives. we need to address following,

  • what will it do (functionality) ------ requirement of the product,
  • what functionalities it cover,
  • how we currently do those functionalities
    can we do it (feasibility) ----- skills need to develop it,
  • organization,
  • cost required,
  • sufficiency
    do we want it? (Acceptability)--------- human issues,
  • performance of new product, compare with currently how manage to do the functionalities,
  • adoptability,
  • the market analysis, revenue/ what we get back from the introducing new product
    do we want to risk it (consequences) -------- what could go wrong,
  • risk management

Related Discussions:- new product development

#title.marketing mix., Solving Customer Problems in Ways They Never Imagine...

Solving Customer Problems in Ways They Never Imagined

What is multi channel marketing?, After their first arrival, the telephone,...

After their first arrival, the telephone, email, fax, mobile phone and the internet were rapidly accepted in business contacts and for doing business transactions, creating fresh c

Franchising, Franchising This is a form of company in which a firm sell...

Franchising This is a form of company in which a firm sells the rights to create its product or service to other service providers who necessary operate under the selling firm'

Marketing, Read the journal article Lafferty, B. A., & Hult, G. T. M. (2001...

Read the journal article Lafferty, B. A., & Hult, G. T. M. (2001) ‘A synthesis of contemporary market orientation perspectives’, European Journal of Marketing, 35 (1/2), pp. 92–109

Test Marketing, what is test marketing? explain the various approaches that...

what is test marketing? explain the various approaches that are followed by FMCG companies in test marketing.

How many key elements are comprised in green marketing, How many key elemen...

How many key elements are comprised in green marketing? Definition of green marketing has three key elements: a) This is a subset of the overall marketing activity. b) Th

Buying behaviour, Buying behaviour: Consumer decision making varies wit...

Buying behaviour: Consumer decision making varies with the types of the buying decision. The decisions to buy toothpaste, a tennis racket, a personal computer, and a new car ar

What is product research in scope of marketing research, What is Product Re...

What is Product Research in scope of Marketing Research? Product Research: Product research is related with the conversion of customer require to tangible product offer.

new product development, Disruptive innovations 1. appearance of somethi...

Disruptive innovations 1. appearance of something that did not exists before ex...(ipod, internet, telephone) 2. appearance of something that competes aggressively with existing

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd