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Why do so many new products fail? Usually for many reasons. Companies often are so enamored of their new product ideas that they fail to do their research, or they ignore what the research tells them. Sometimes the pricing or the distribution channels are wrong. Sometimes the advertising doesn't communicate. Successful product launches result from an integrated process that relies heavily on research and solving up-front issues. Let's review several of the critical issues that affect product introductions.
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File_05
1.
Test S&U
2.
Long-term Goal State the
intended goal
3.
Customer Wishes Describe customer
needs and wishes Explain the requirements
4.
Fulfilling Customer Needs Describe the
main attributes of the product Link the product attributes to customer needs
5.
Cost Analysis Indicate the
financial advantages for the customer Compare quality and price with those of the competition
6.
Strengths and Advantages Summarize
the special features and advantages of the product being introduced
7.
Next Steps of
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