4) what is the best way to manage the new product development process
1. INTRODUCING NEW MARKET OFFERINGSINTRODUCING NEW MARKET OFFERINGSINTRODUCING NEW MARKET OFFERINGSINTRODUCING NEW MARKET OFFERINGS
HIMANSHU UMARIA
IIT DELHI
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4. Communicability and believability
Need level
Gap level
Perceived value
Purchase intention
User targets, purchase occasions, purchasing frequency
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6. Target market’s size, structure, and behavior
Planned price, distribution, and promotion for year one
Long-run sales and profit goals and marketing-mix
strategy over time
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9. The process by which a new
product or service is introduced
into the general market.
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14. 1. Concept development and testing
2. Marketing strategy development
3. Business analysis
4. Product development
5. Commericialization
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17. Created by Himanshu Umaria, IIT Delhi ,
during an internship by Prof. Sameer Mathur,
IIM Lucknow.www.IIMInternship.com
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