New Product Development - Marketing Campaign Planning - ثالث ثانوي

4.3 New Product Development

New Product Development

MARKETING MATTERS Companies need to introduce new products from time to time in order to ensure that customers are satisfied with their offering and keep up with their competitors

Think about the last time that you purchased or used a product that you considered to be “new”. Why did you identify it as being “new”? What role do you think marketing played in your percept

4.3 New Product Development

New Products

What other new devices have been invented since the personal computer was introduced in the 1970s?

4.3 New Product Development

Products or services are often new in different markets at different times

Why might a product be new in different places at different times

What might a company do to an existing product so that it becomes a "new" product

When is a product considered to be new

4.3 New Product Development

Steps in the Development of a New Product

4.3 New Product Development

What strategies. tools, or other factors would help you to think of new ideas 'if you worked in product development

4.3 New Product Development

Idea Development

Product Development and Testing

4.3 New Product Development

Product Marketing

What does product marketing involve

What are two ways that a company can test a product before they start full-scale production of it

Where do companies get ideas and inspiration for new products from

4.3 New Product Development

MARKETING SCENARIO Creating a prototype for a more customizable coffee machine

What will the company base its decision on about whether to go ahead with the full-scale production of the new product

What strategy does the company decide to use to find out if their new product idea is worth investing resources in

What market need is the coffee machine manufacturer responding to

4.3 New Product Development

Name three tools that marketers could use to identify ideas for new products

How and where might an existing product be considered a "new" product

Make Academic Connections Science

Connect to the Real World You have been hired as the vice president of marketing for a company that has a history of new product failure