Preview

Essay on Product Design and Acceptance

Good Essays
Open Document
Open Document
1003 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Essay on Product Design and Acceptance
“Please Accept BTS”
The following essay focuses on how a new business idea called Behind the Scenes (“BTS”) can be systematically molded in order to minimize acceptance resistance from key stakeholders. The paper is inspired on the reading “Why Consumers Don’t Buy: The Psychology of New Product Adoption” (Courville, 2004).
BTS consists of an application for smartphones which enables clients watching a film or TV program to identify products placed within the scenes, select the product from the screen, E.G. by touching them, in order to finally land in a separate menu which allows the customer to buy the product online. This would allow an adept fan of James Bond, immediately after have been struck by the watch that Bond is using, to use a carefully designed interface on his smartphone in order to identify the watch he wants and buy it.
To be able to deliver this service three key stakeholder have to line up. First, product brands need to be willing to pay for their products to be placed in films or TV. Second, producers have to change importantly. Currently entertainment companies don’t have a strict control of what kind of clothes and accessories its stars are using in each scene. To allow consumers to be able to spontaneously shop for the articles used would mean that producers would have to improve their logistics and prepare a database of when in the film are they using specific articles. Finally, a key stakeholder are the consumers which must be willing to download an application from the web and use it while they are watching films, in order to identify and buy the goods that they have seen on the screen. Based on prospect theory, the losses due to change in behaviors or time spent will be greatly felt by stakeholders, while the benefits brought by BTS will be systematically relatively undervalued.
In order to minimize resistance from film producers we should try to make BTS fit as much as possible to their current business processes and behavior, we

You May Also Find These Documents Helpful

  • Best Essays

    This paper reflects challenges brought on by starting up a new product, the effectiveness and efficiency of technology when marketing, and the battle of legal and ethical complication. Given are examples of different situation of each topic to demonstrate how each take place when starting a new product or service.…

    • 1438 Words
    • 6 Pages
    Best Essays
  • Better Essays

    Bio Spectroscopy Lab

    • 1273 Words
    • 6 Pages

    This investigation used spectroscopy to evaluate light absorption in different solutions. A spectrophotometer was used in the lab to determine these values. A spectrophotometer is an apparatus used to “measure the absorption of radiation in the visible and UV regions of the spectrum and allows precise at a particular wave length” (Jones et al., 2007). The amount of light absorbed by a substance is directly in relation to the concentration of the solute and also the wavelength moving through the solute (Jones et al., 2007). This is commonly referred to as Beer’s Law and can be expressed as A= εl [C]. Beer’s Law equation measures the absorbency of light, making it an effective measure as spectrophotometers give exact values for absorbency (Jones et al., 2007).…

    • 1273 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Holden australia

    • 1226 Words
    • 5 Pages

    Droge, C., Calantone, R., & Harmancioglu, N. (2008). New product success: Is it really controllable by managers in highly turbulent environments? Journal of Product Innovation Management, 25(3), 272-286.…

    • 1226 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Objective: The purpose of this case is to present a situation illustrating how beneficial it can be for a business and its employees to understand customers, which help things, go right in a business strategy. The case has students think critically about the need for business research as a means to develop business operations.…

    • 313 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The main aim of this dissertation was to experience the matchmoving technique through a movie production workflow.…

    • 817 Words
    • 4 Pages
    Good Essays
  • Better Essays

    References: Jane M 2012 Small Business by Demard MediaJane, M. (2012, January). Small Business by Demard Media. Retrieved August 22, 2012, from http://smallbusiness.chron.com/ business- proposal-vs-formal-research-21250.html 201208261837051568277955…

    • 828 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Product Design

    • 423 Words
    • 2 Pages

    I would design a product that would be revolutionary that nobody had created before. My college career has been mainly focused on science and how you can transport an object from place to place using electricity most people call it transportation because o the movies and think it is impossible but I can assure you this is very real.…

    • 423 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    the producer’s imagination and ideas. The norms of the director start to become our norms,…

    • 460 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Movie Accounting

    • 8568 Words
    • 35 Pages

    Moore, S. M. (2002). The Biz - the Basic Business, Legal and Financial Aspects of the Film Industry 2nd Edition. Los Angeles: Silman-James Press.…

    • 8568 Words
    • 35 Pages
    Powerful Essays
  • Better Essays

    Lynda Obst is a seasoned film producer and book author. In her book, sleepless in Hollywood tales from the new abnormal in the movie business, she describes the problems associated with the modern movie business. According to Lynda, Hollywood is abnormal. The abnormal was undergoing a transformation from what it previously was to becoming a place where studios concentrate on foreign markets to make money. They forget to produce films that are not as entertaining as before.…

    • 1960 Words
    • 8 Pages
    Better Essays
  • Powerful Essays

    I have selected to discuss the McDonald Corporation, which is also known as “The Golden Arches” and “Mickey Dee’s” as my main organization topic. Some of the main reasons for this organization being my chosen topic is because it is one of the most well known global largest chains of hamburger fast food restaurants, in which it is known for serving over 58 million customers on a daily basis. Customers can visit this fast paced organization in over 119 countries and there are over 31,000 restaurants worldwide which employ over 1.5 million employees. A small company that was originally started in 1940 by two brothers has overtime become the world’s largest fast-food chain.…

    • 1128 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    WHY DID THE GREATEST DEPRESSION LAST FOR SO LONG AND WHAT CONTRIBUTED TO ITS END. The term “Great Depression” is made reference to the substantial, long lasting and the great terrible Global downfall of the economy or the period when the world faced a disturbing financial depression in the 21st century (1930s). Speaking of this gloominess, the date it occurred in most states is diverse but in most countries it started in 1929 and came to an end during the 1930s. This great depression is the most important cause of the drop down global GDP (Gross Domestic Product) by 15% and the Gross Domestic Product is the financial cost of all the finalized commodities and services manufactured within a country’s borders in a particular time period…

    • 1405 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    T'S TOUCH to get consumers to adopt innovations-and it's getting harder all tbe time. As more markets take on tbe characteristics of networks, once-reliable tools for introducing new products and services don't work as well as they used to. The efficacy of advertising, promotions, and tbe sales force bas declined; it is more difficult for innovators to rise above tbe din of information from competing sources; and only bard-to-manage relationship skills seem to make a difference. Executives need to rethink the way they bring innovations to market. By using game theory, they can develop new strategies for playing in today's networked world. By understanding how social, commercial, and physical networks behave, innovators can develop new tactics. And by working back from an endgame, they can change markets from foes to allies.…

    • 6274 Words
    • 26 Pages
    Powerful Essays
  • Better Essays

    Based on assumption of the human nature behaviour, four models of consumers in relation to consumer decision-making have been illustrated by Schiffman (2010) - they are economic, passive, cognitive and emotional views. This paper is to compare and contrast the four views of consumer decision-making, to analyze various models of human behaviour in relation to consumer decision-making so that marketers can better understand how consumer behaviour influenced by the factors in the process of consumer decision making before marketing strategies can be developed.…

    • 2344 Words
    • 10 Pages
    Better Essays
  • Powerful Essays

    The Marketing process is made up of simple concepts that involve lots of research on the part of the marketer. The process begins with understanding the consumer, without knowing what consumers need or want, it would be extremely hard for firms to both develop and sell a product. Knowing that consumers want more green products due to growing environmental concerns is a very important detail. Needs and wants are what fuel consumer purchases and marketers must perform research in order to best serve their customers. Through this research, marketers are led to the next step of the process and can now develop a customer driven marketing strategy. Here, the firm must decide how it will differentiate its product from others on the market. Companies build their marketing strategy in multiple steps and use the Four P’s or marketing mix (Wickipedia, pg 1): Product, Price, Place and Promotion. The “Product” steps has marketers as the questions of; who is your product intended for, what is the benefit of your product to the customer, and how will the product supplier position your product within the market (Learn, pg1). “Price” it’s based on the supply and demand of the product, and must also consider the cost to produce and design of the product (Learn, pg2) as well as the cost to distribute and promote your product (Learn, pg3). “Place” answers the question of distribution and incorporates the idea of right place right time by looking at the different methods or “channels of distribution” (wholesalers, retailers, direct sales and manufacturers) (Learn, pg3). Finally “Promotion” asks how the product is communicated to the consumer – its main focus is to demonstrate the benefits of your product to your “target market” (Learn, pg4). It includes multiple methods including advertising, public relations, sales promotion, personal selling and direct mail (Learn, pg4). Once all of the questions have been answered and the data reviewed, a supplier can develop its marketing…

    • 938 Words
    • 4 Pages
    Powerful Essays