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RIT POM CH 11

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Term
Definition
New Product   show
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New Product Strategy   show
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show • new-to-the-world<br> • new product lines<br> • product line additions<br> • improvements or revisions<br> • repositioned products<br> • lower-priced products  
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show The things that you do to make yourself different and unique to the target customer. Can be quality, features, even cost. What are those things that set you apart. Hope that helps....  
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show a marketing strategy that entails the creation of marketable new products; the process of converting applications for new technologies into marketable products  
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show Customers, employees, distributors, competitors, vendors, R&D, consultants  
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show first filter in the product development process, which eliminates ideas that are inconsistent with the organization's new-product strategy or are obviously inappropriate for some other reason  
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show ^Introduction^->^^Growth^^->^^^Maturity^^^->^^Decline^^  
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show ^Innovators^->^^Early Adopters^^->^^^Early Majority^^^->^^^Late Majority^^^->^^Laggards^^  
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Concept test   show
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Test marketing   show
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show Long-term commitment, company specific approach, capitalize on experience, establish an environment,  
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Success factors   show
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