Developing Products and Managing Product Portfolios Chapter 12 What We Already Know About Products • How to define a product • How to classify a product – Consumer v business products – Different types of consumer products • The product life cycle • There are different levels of product: – Core benefits – Branding‚ design‚ quality – Support aspects: guarantees‚ after-sales service What Is Managing Products About? • Ensuring we have the right product mix to maximise
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PRODUCT PLACEMENTS The Impact of Placement Type and Repetition on Attitude Pamela Miles Homer ABSTRACT: The global market for product placement‚ the practice in which firms pay to place branded products (e.g.‚ brand name/logo‚ package‚ signage‚ other trademarks) in the content of mass media programming‚ has exploded. A pair of studies test two potential moderating factors that may help account for the lack of attitude change reported in past experimental studies of placement effects. Specifically
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consumer product or service that is on the market today‚ but is declining in appeal to consumers. This product should be marked for “obsolesces”. Discuss this product or service in terms of its current target demographics using U.S. Census Data. The product I choose to discuss is desktop computers‚ also known as personal computers. A desktop computer is intended for regular individual use at a single location. Desktop computers have been around since 1977. “Derived from the development of large
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players in the Indian pharmaceutical and consumer products business. It has employee strength of over 1‚800. It started business in India in 1947 in Bombay with Johnson’s Baby Powder‚ and‚ over time‚ introduced other products like toothbrushes‚ Johnson’s Baby Cream and Prickly Heat Powder. Briefing about this world class company‚ we can have a glimpse on the following points:• • • • • • Global Manufacturer of Pharmaceuticals‚ Consumer Products and Medical Devices. Listed in Fortune 500 Companies
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DAIRY Africa is fighting back against vitamin and mineral deficiencies Micronutrient malnutrition is recognised as one of the most serious obstacles to human development and survival. Nowhere is this more evident than in sub-Saharan Africa. The good news‚ however‚ is that many countries have made significant progress in ensuring that women and children have access to essential vitamins and minerals to combat this “hidden hunger”. Malnutrition is still a major underlying cause of child mortality
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Stages Process Steps of New Product Development The stages or process or steps involved in a new-product development are depicted in the image given below. Click on it to get a zoomed preview. The eight stages or process or steps involved in the development of a new product are listed and also hyper-linked as follows: 1. Idea generation. 2. Idea screening. 3. Concept testing. 4. Business analysis. 5. Product development. 6. Test marketing. 7. Commercialization. 8. Review of market performance. Now
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Customer Needs 3. Organizing the needs into a Hierarchy IV. Establishing target specification 1. List of Metrics 2. Needs-Metrics Matrix 3. Competitive Benchmarking 4. Quality Function Diagram (QFD) 5. DVM pricing of product attributes V. Concept Generation 1. Clarify the problem 2. Search externally 3. Search Internally 4. Explore systematically 5. Reflect on the solutions and the process 6. Concepts VI. Concept selection 1. Concept
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SHIELD: PRODUCT DEVELOPMENT IN A DISTRIBUTED TEAM (Case study No: 06/2005-5285) Assignment Case Study Executive MBA March 2009 � TABLE OF CONTENTS 1EXECUTIVE SUMMARY � 2INTRODUCTION � 2MANAGING GLOBAL COMPLEXITY IN THE DRM SOFTWARE INDUSTRY � 3Multiplicity � 3Interdependence � 3Ambiguity � 3Flux and Speed � 3THE CULTURES OF INFOTECH AND PROFESSIONAL � 3Organisational Culture � 5Culture Model - Gofee and Jones � 6Team Motivation � 7PERFORMANCE MANAGEMENT � 7Goal-setting Theory �
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Quiz Product Chapter 1 • According to the well-known business writer‚ Gary Hamel‚ which of the following is the most important business issue of our time? Creation of radical innovation • _____ refer to rules of thumb that firms have found work for them. Heuristics • A product described as a "new product" in terms of design or production rather than marketing‚ falls under which of the following categories? Cost reductions • With reference to new product categories‚ _____ are also known
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Products Strategies The current strategy for KFC Malaysia of the product strategy varies; they have used many strategies in order to perform well in the market. Below are some of their current strategies. Value Their current value added of their product is collaboration with hotlink‚ that when customer receives a sms from hotlink‚ they can go redeem the product of discounted food from KFC Malaysia outlet. Another value added of their products is free gifts‚ drinks upgrade to bigger portion. Scope
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