BANKING STRATEGIES Case Study: Product Innovation at Bank of America By Cindy Murray What financial institutions can learn from inventions and innovations in other industries. owhere is innovation more essential to survival than in the banking industry. In the payments domain‚ for example‚ nonbank competitors less constrained by bank regulations and therefore more agile are changing the banking industry’s grip on the public perception of banks as the only trusted brand for holding and moving
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Team Research Paper Case # 22 Procter & Gamble ’s Acquisition of Gillette Professor – Dr. Lisa Eshbach By Andrea West Inderjit Gill Rajiv Shah Company Information [pic] Procter & Gamble Co. One Procter & Gamble Plaza Cincinnati‚ OH 45202 United States Phone: 513-983-1100 Fax: 513-983-4381 http://www.pg.com [pic] Synopsis – Procter & Gamble ’s Acquisition of Gillette Where would the world be without Procter & Gamble? No Ivory soap‚ no Oil of Olay‚ no Jif peanut
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Gillette Cassette Case Study‚ 1/9/11 In 1970 Gillette Razors was dominating the manufacturing and distribution of men’s and women’s razors‚ blades and other toiletries. Their distribution to 500‚000 retail outlets in the US and the strong relationships of their sales team with chain retailers and wholesale distributors made them well-positioned to enter the emerging market of blank cassettes. Based on the research they received from their consultants‚ Gillette was smart to seriously consider
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Gillette Case Analysis Key Marketing Issue/Challenge The key marketing challenge for Gillette is the company’s ever expanding product line. In the past few years‚ the Gillette brand has grown considerably. The company has released many new high-performance grooming products for men. The challenge in introducing a large number of new products in a short period of time is being able to properly market each one. It is difficult to release and market one new product‚ but if many
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Discontinuous Innovation and the New Product Development Process Robert W. Veryzer‚ Jr. Although many new-products professionals may harbor hopes of developing “the next big thing” in their respective industries‚ most product development efforts focus on incremental innovations. Accordingly‚ most research on the new-product ‚development (NPD) process focuses on the development of evolutionary products. For new-products professionals seeking insights into the means for achieving breakthrough innovations
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Innovation: Product innovation is the creation and subsequent introduction of a good or service that is either new‚ or improved on previous goods or services. Product innovation is defined as: the development of new products‚ changes in design of established products‚ or use of new materials or components in the manufacture of established products[1] Thus product innovation can be divided into two categories of innovation: development of new products‚ and improvement of existing products. Systemmatic
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develop new products for nine different reasons. But the company must know for whom the product will be developed‚ what are the market opportunities‚ what are the market problems etc. For this‚ companies follow specific guidelines to innovate any products. “Innovation” -means “A new idea‚ method or device. The act of creating a new product or process. The act includes invention as well as the work required to bring a new idea or concept in to final form. The Product Innovation Charter is the
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higher end blades‚ which is where Gillette can capitalize on generating demand for their blades. Another factor is what appears in the media. When people consumers watch movies and television commercials and see good looking‚ well groomed actors‚ they will follow suit and emulate the actor’s appearance. Western grooming habits are becoming more noticed in Middle Eastern and Asian society‚ the clean cut look is becoming a desirable look. The only way to obtain this look is by shaving. This will
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Kilts‚ who had been Chairman and CEO of Gillette for 4 years‚ was seeking a buyer of the global Boston-based company. Lafley‚ who had been Chairman and CEO of P&G for over 4 years‚ was out of the office and had to call him back‚ unaware of what Kilts was about to propose. Lafley questioned Kilts on three topics. First‚ what was Gillette’s price? Kilts said he wanted a fair offer. Not $60 per share‚ but not $50. ”Jim‚” Lafley responded‚ “I can do the math. Are you thinking Gillette holdings into
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Singapore‚ Gillette might want to expand the shaving and personal care products in Singapore. And also in Singapore there is no competition from domestic companies as the entire GDP of Singapore is based on imports from other countries. 1. Singaporeans are very competitive in nature. Singaporeans have a mindset of “Kia-su” which means afraid of losing out to others. Due to which Singaporeans work very hard for fulfilling their materialistic desires. Due to which business companies like Gillette can expect
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