Chapter 9 Product policy and adaption in international markets Product variables Standardisation verses adaption * Marketers must consider environmental and sustainability issues when deciding on whether adaption is needed. * Below standardisation vs adaption Factors encouraging standardisation | Factors encouraging adaption | Economies of scale in production | Differing use conditions | Economies in r&d | Government influence | Economies in marketing | Differing consumer
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PRODUCT DEVELOPMENT Introduction Technology is a key resource of profound importance for corporate profitability and growth. It also has enormous significance for the well-being of national economies as well as international competitiveness. Effective management of technology links engineering‚ science‚ and management disciplines to address the issues involved in the planning‚ development‚ and implementation of technological capabilities to shape and accomplish the strategic and operational objectives
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true or false “most of the time”‚ few situations in social sciences are simply black or white. 1. Purchasing is primarily a clerical activity. 2. Supply management is also known as procurement at many firms and government agencies. 3. Strategic sourcing starts with the analysis of the supply market. 4. Materials have always been vital in the history of industrial growth. 5. In the history of power source relationships‚ percentage wise‚ labor costs went down while materials costs
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Paul Logan Home Furniture Division – Add strengths of design‚ brand awareness‚ market leadership‚ distribution channels • Problem: Design a brand transition strategy to transfer Paul Logan brand to Manchester Home • Analysis: 5 “Cs” • Recommendation: Gradual transition first linking Paul Logan to the Manchester name to build brand awareness then phasing out Paul Logan once target brand awareness has been reached as measured by another target consumer survey – Utilize both push and pull
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to exchange their cash for your product. It is not concerned with the values that the exchange is all about. And it does not‚ as marketing invariable does‚ view the entire business process as consisting of a tightly integrated effort to discover‚ create‚ arouse and satisfy customer needs." In other words‚ marketing has less to do with getting customers to pay for your product as it does developing a demand for that product and fulfilling the customer’s needs Market consists of all the potential customers
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Managing New Product Development New product development requires organizations to facilitate cooperation and coordination between department boundaries within the organization. To facilitate this cooperation and coordination‚ organizations form cross-functional new product development teams to lead and manage the development process for new products. There are several variations that these teams can be formed and managed. New product development teams can be structured into four types: functional
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“ Innovation is the process through which economic and social value is extracted from knowledge through the generation‚ development‚ and implementation of ideas to produce new or improved strategies‚ capabilities‚ products‚ services‚ or processes.” Innovation refers to creating more effective processes‚ products and ideas. Innovation is crucial to the continuing success of any organisation. Businesses that can innovate create more efficient work process and have better productivity and performance
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A product is anything that meets the requirements of a particular market‚ this term involves a lot of dimensions because it is essential to recognize what contributes to the “total product offer”1 in order to be successful in the market or simple to keep our customers satisfy. A service is an intangible economic activity‚ not stored and does not result in ownership; Services nowadays are becoming more important and growing faster and consumers are more apprehensive with performance and satisfaction
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advantage in this dog-eat-dog market for every organization. Innovative can be everything that is new and not exist in current market‚ however in order to fulfill the gap in this demanding market‚ organizations must be very innovative to come out with new products and services. Organizations nowadays are recruiting employees who are creative and innovative because they are person who have sensitive antenna to sense and observe what the people want and need. In current market‚ thermos water bottle is
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Advantages and Disadvantages of EHR Products on the Market: An Internet search and review Anne E. Arp HI300: Information Technology and Systems for Healthcare Prof: Kina Sweet 08/14/2012 The mass of websites declaring EHR software‚ solutions‚ products‚ etc.‚ was incredible as I entered my search for “EHR demo” into Google. It is easy to see how creating a migration path is fundamental to choosing the correct and most applicable EHR system. Understanding the needs of applications‚
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