
A detailed understanding of the Idea Generation stage
A detailed understanding of the Idea Screening step and how to go about it
A detailed understanding of the Product Concept testing and how it is tested, with an example.
A detailed understanding of the constituents of a marketing strategy development step and business analysis step
A detailed understanding of product development step with creating product, packaging and graphics briefs
A detailed understanding of test marketing and commercialization
We see new products hitting retailer shelves all the time. They attempt to solve a new consumer need, or solve an existing need in a "newer" way. However, the harsh reality is that more than 95% of all new consumer products that are launched FAIL. In fact, most of these are discontinued by their brands before the end of 2 years from launch, after accumulating huge losses for their parent company
New products developed without doing the due diligence from both (1) consumer and (2) business perspectives are well on their way to the 'failed-launches graveyard', taking reputations of many marketers along with them
In this course you will learn the most contemporary new process development system used by successful brands. It gives a unique consumer and business understanding, that professional brand managers have developed with reference to new products
This course adds the practicality of business and market perspectives to the theoretical knowledge of marketing text books. It will help establish a bridge between what you can learn in textbooks and what is actually followed and expected at corporate.
It has been created by a professional brand manager, who has worked in multiple MNCs across the globe. It will help budding marketers, entrepreneurs and students alike who wish to master successful New Product Development.