Impact and Role of Market Research in New Product Launch Process

Impact and Role of Market Research in New Product Launch Process
Author: Ilhan Yuece
Publisher: GRIN Verlag
Total Pages: 18
Release: 2012-10-23
Genre: Business & Economics
ISBN: 3656295174

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Essay from the year 2012 in the subject Business economics - Market research, Prifysgol Cymru University of Wales, course: Marketing Managment, language: English, abstract: This essay explains the stages of new product launch from the idea generation to the commercialization and examines the impact and role of marketing research in this process. The study identifies the factors that affect new product success and failure by giving examples from market tops and market flops and evaluation criteria were developed to search for the answer of the question why they succeeded or failed. Hypotheses were generated for the new product failures despite market research support as well.

Handbook of Research on New Product Development

Handbook of Research on New Product Development
Author: Peter N. Golder
Publisher: Edward Elgar Publishing
Total Pages: 469
Release: 2018
Genre: Business & Economics
ISBN: 1784718157

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New products are the major driver of revenue growth in today's dynamic business environment. In this Handbook, the world's foremost experts on new product development bring together the latest thinking on this vitally important topic. These thought-leading authors organize knowledge into useful and insightful frameworks covering all aspects of new product development: companies, collaborators, customers, context, markets, and performance. Managers will benefit from the handbook by expanding their knowledge of new product development and researchers will learn about opportunities to continue expanding on this body of knowledge.

Innovation and New Product Marketing (RLE Marketing)

Innovation and New Product Marketing (RLE Marketing)
Author: David F. Midgley
Publisher: Routledge
Total Pages: 297
Release: 2014-09-15
Genre: Business & Economics
ISBN: 1317657918

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This volume formulates and presents a general theory of innovative behaviour which is applicable to diverse market situations. Having provided some support for the theory, the author demonstrates how it can be usefully applied by indicating which management techniques are relevant to new product management and which are not. The author suggests certain systematic procedures by which an organisation can radically improve both its short and long run chances of launching successful new products.

Digital and Social Media Marketing

Digital and Social Media Marketing
Author: Nripendra P. Rana
Publisher: Springer Nature
Total Pages: 337
Release: 2019-11-11
Genre: Business & Economics
ISBN: 3030243745

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This book examines issues and implications of digital and social media marketing for emerging markets. These markets necessitate substantial adaptations of developed theories and approaches employed in the Western world. The book investigates problems specific to emerging markets, while identifying new theoretical constructs and practical applications of digital marketing. It addresses topics such as electronic word of mouth (eWOM), demographic differences in digital marketing, mobile marketing, search engine advertising, among others. A radical increase in both temporal and geographical reach is empowering consumers to exert influence on brands, products, and services. Information and Communication Technologies (ICTs) and digital media are having a significant impact on the way people communicate and fulfil their socio-economic, emotional and material needs. These technologies are also being harnessed by businesses for various purposes including distribution and selling of goods, retailing of consumer services, customer relationship management, and influencing consumer behaviour by employing digital marketing practices. This book considers this, as it examines the practice and research related to digital and social media marketing.

Market New Products Successfully

Market New Products Successfully
Author: Kevin J. Clancy
Publisher: Lexington Books
Total Pages: 282
Release: 2006-02-02
Genre: Business & Economics
ISBN: 0739157515

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Innovation remains an arduous and painful process for many companies, doing untold damage to brands, profitability, and careers. Some have used line extensions to mitigate risk, but all too often they have ended up extending the core brand into oblivion. Others have used test markets to help gauge opinion before a national rollout, only to have competitors snatch ideas and undermine results. Given the problems with conventional approaches, it's not surprising that 90% of new products and services fail. Market New Products Successfully is the definitive guidebook for using simulated test marketing (STM), a technology that can help companies dramatically improve the odds of introducing a successful new product or service. The book examines why STM is important, what the differences are between the major systems, how to do a simulation, and what insights it offers a marketing plan. It is the ultimate guidebook for any smart marketer looking to improve the financial outcome of the innovation process.

Viewing New Product Development Through the Real Options Lens

Viewing New Product Development Through the Real Options Lens
Author: Vivek Shankar Natarajan
Publisher:
Total Pages:
Release: 2006
Genre: Industrial management
ISBN: 9780542942846

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New product development is an important strategic decision for marketing managers. This study examined new product development related decisions by employing a real options framework. Specifically, new product development decisions are viewed as either an options creation or options exercise process. It evaluated the various types of new product decisions-development of new products, launching of new products, delaying launch of new products and exiting the market by using a real options lens. In doing so, the study sought to answer three research questions: (1) How does the market react to creation and exercise of real options? (2) How do contextual factors such as industry, firm and innovation factors impact the real option process? (3) How do the antecedent industry factors affect the choice of options? The study examined the real options process beginning with the options creation to the subsequent exercise, along with the market reaction following the announcements of these events. The direct and moderating effects of industry and firm factors were tested.

New Products: The Key Factors in Success

New Products: The Key Factors in Success
Author: Robert G. Cooper
Publisher: Marketing Classics Press
Total Pages: 57
Release: 2011-10-15
Genre: Business & Economics
ISBN: 1613112300

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Launch (Updated & Expanded Edition)

Launch (Updated & Expanded Edition)
Author: Jeff Walker
Publisher: Hay House, Inc
Total Pages: 313
Release: 2021-07-27
Genre: Business & Economics
ISBN: 1401960243

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From the creator of Product Launch Formula: A new edition of the #1 New York Times best-selling guide that's redefined online marketing and helped countless entrepreneurs make millions. The revised and updated edition of the #1 New York Times bestseller Launch will build your business - fast. Whether you've already got an online business or you're itching to start one, this is a recipe for getting more traction and a fast start. Think about it: What if you could launch like Apple or the big Hollywood studios? What if your prospects eagerly counted down the days until they could buy your product? And you could do it no matter how humble your business or budget? Since 1996, Jeff Walker has been creating hugely successful online launches. After bootstrapping his first Internet business from his basement, he quickly developed a process for launching new products and businesses with unprecedented success. And once he started teaching his formula to other entrepreneurs, the results were simply breathtaking. Tiny, home-based businesses started doing launches that brought in tens of thousands, hundreds of thousands, and even millions of dollars. Whether you have an existing business or you're starting from scratch, this is how you start fast. This formula is how you engineer massive success. Now the question is this: Do you want to start slow, and fade away from there? Or are you ready for a launch that will change the future of your business and your life?