Preview

Effective New Product Development

Powerful Essays
Open Document
Open Document
8025 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Effective New Product Development
NPD – Report Part 2

Table of Contents
1. 2. Summary - Part 1 .................................................................................................................................. 3 Idea screening ....................................................................................................................................... 4 2.1 Methods of Idea Screening ................................................................................................................. 4 2.2 Kucsmarksi 6 types of screen .............................................................................................................. 5 3. Concept Development & Concept Testing ................................................................................................ 8 3.1 Methodology....................................................................................................................................... 8 3.2 Results ................................................................................................................................................. 8 3.2.1 Number of Respondents .............................................................................................................. 9 3.2.2 Store Preference .......................................................................................................................... 9 3.2.3 Considerations when purchasing clothing items for kids .......................................................... 10 3.2.4 Specification of Brand and Material .......................................................................................... 11 3.2.5 Awareness about the Toy Store (Toys "Я" Us) ........................................................................... 11 3.2.6 Awareness about the Glow in the Dark concept ....................................................................... 12 3.2.7 Purchasing Preference

You May Also Find These Documents Helpful

  • Powerful Essays

    Marketing and New Product

    • 1902 Words
    • 8 Pages

    Company G’s mission is to improve the quality and convenience of people’s lives and they have done so with their latest small appliance, the espresso maker. It fits their goals by reducing its size with innovative design solutions and ergonomics that will put Company at the forefront of the industry. It will save time and money and ease the daily morning grind for consumers.…

    • 1902 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Preface ........................................................................................................................... 3 CEO message.................................................................................................................. 4 Introduction .................................................................................................................... 5 Methods ......................................................................................................................... 6 Results ......................................................................................................................... 11 Discussion .................................................................................................................... 20 Conclusions .................................................................................................................. 24 References ................................................................................................................... 25 Appendix I: Search strategy ........................................................................................... 35 Appendix II: Studies excluded due to time constraints in obtaining full-text article ............ 38 Appendix III: Summary of systematic reviews ................................................................. 39…

    • 6232 Words
    • 25 Pages
    Powerful Essays
  • Good Essays

    Determine all possible concept solution – after identifying the criteria that should be considered and assigning scores to these criteria, it is now time to identify all possible solutions. This is best done during brainstorming activity. More participants give more concepts, more designs, and more alternatives. There is no limit in creating solutions, list as many for this will be evaluated as the process…

    • 814 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    New Product

    • 778 Words
    • 4 Pages

    This group seems to be the most impacted by the price of gas and would benefit…

    • 778 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    individual. These accomplishments bring with them new opportunities for developing a professional career. Along with these new opportunities, new graduates will…

    • 3523 Words
    • 15 Pages
    Powerful Essays
  • Powerful Essays

    Walmart Future Plan

    • 8482 Words
    • 34 Pages

    For the convenience of the readers, percent will be used to further explain the results. All of the respondents use Facebook but 10% of them were not aware of the term social networking. In addition, 80% of the respondents use other social networking aside from Facebook. As to the question asking if there are any offensive incidents that they have encountered while using Facebook, 50% of the respondents answered yes while the other 50% answered no. For the reason why they use Facebook, 70% of the respondents do Facebook to put comments followed by to share information which is what 20% of the respondents do. 10% of the respondents use Facebook to view commercial links. Ask about the safety of using Facebook in relation to security, 50% of the respondents answered yes, they believe that Facebook is safe to use while the other 40% answered that for them, it is not safe to use it. Moreover, 10% of the respondents answered 'not at all '. When the respondents were asked how many hours do they use Facebook in a week, 60% of them answered more than 4hours while 30% answered less than 1 hour. As for the usefulness of using Facebook, half of the respondents answered yes, while half of the remaining 40% answered 'very much ' and the other 20% answered 'not at all '. 10% of the respondents answered no. When it comes to addiction as a possible effect of using Facebook was…

    • 8482 Words
    • 34 Pages
    Powerful Essays
  • Satisfactory Essays

    1. From my point of view, I tend to agree with Gerry’s approach to evaluating the output of the new product group. He did the right thing with them, he gave them the budget as they need so I thing the problem was in the group itself. The new product development as it seems is very important for the company so Gerry has to put great creative people at the top of the group. I think the idea was not clear enough for some of the group members and we can see that when Garth Laidlaw when he waves his hand and said “ we need clarification”. He had to ensure that idea from the bottom up with a minimum of hierarchy.…

    • 376 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Improving and updating product lines is crucial for the success for any organisation. Failure for an organisation to change could result in a decline in sales and with competitors racing ahead. The process of NPD is crucial within an organisation. Products go through the stages of their lifecycle and will eventually have to be replaced. New product development has eight stages.. These stages will be discussed briefly below:…

    • 563 Words
    • 3 Pages
    Good Essays
  • Good Essays

    ut yourself in the position of marketing manager for the restaurant organization. ◦You will need to gather some information before writing. You should also look into the secondary literature regarding current information in restaurant sales. ◾Identify each service and product specifically. For product, identify in terms of name, trademark, color, shape, and other characteristic, including packaging and labeling.…

    • 394 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Suttle, R. 2014. Four Stages of a Product Life Cycle. Retrieved on November 2, 2014 from:…

    • 1398 Words
    • 4 Pages
    Better Essays
  • Good Essays

    This is not the case for product development as it requires constant changes, the result is unpredictable, tasks are unique and work-in-process inventory are predominantly invisible mainly because it consist of mostly information design documentation, test procedures and results, and instructions for building prototypes among others. Another thing is, flexibility…

    • 642 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Nokia Organization Change

    • 6633 Words
    • 27 Pages

    DWO Project Report: Nokia 2012 Contents Executive Summary................................................................................................................................... 2 List of figures ............................................................................................................................................. 3 1. Introduction ...................................................................................................................................... 4 a. Mission & Values...............................................................................................................................…

    • 6633 Words
    • 27 Pages
    Good Essays
  • Good Essays

    The Coca-Cola versus Pepsi competition is perhaps the most well known rivalry in the history of marketing. Coke has long enjoyed the home field advantage, having become entrenched as the most popular and identifiable cola throughout the world. Although it has carved itself a substantial portion of the market, Pepsi has struggled to match the sales revenue of Coca-Cola; until recently. Although Pepsi has never come close to equaling Coke cola market share, they have become more aggressive and adept than Coke in cornering the non-carbonated beverage market. It is in this market that Pepsi is seeking to obtain a sustainable competitive advantage over Coke. It their quest to acquire and develop new products, will the use of the PTSTP method help Pepsi develop new products in order to obtain a sustainable competitive advantage?A product is defined in three levels; core, actual, and augmented. The core of the product is the benefit it offers the consumer. For the example of colas, it could be refreshment, energy (sugar and caffeine), alertness, or just pleasure. The soda itself is the actual product. The augmented product for a cola could be the recognition and status gains perceived by drinking that particular brand. Or it could even be the weight loss from sticking to diet colas.…

    • 1391 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    1. Quizzes are to encourage class attendance. Current quiz questions come from information already discussed in class.…

    • 472 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Marketing New Products

    • 2585 Words
    • 11 Pages

    Calbee potato chips are considered Fast Moving Consumer Goods (FMCG); therefore, the product itself is not expensive and is enjoyed by people of all ages and different genders. However, most of its focus is on the young and middle aged groups (Generation Y). This perhaps can be that older markets tend to be more health cautious or have brand loyalties with…

    • 2585 Words
    • 11 Pages
    Better Essays

Related Topics