Transcript Kotler Keller 20

20
Introducing
New Market Offerings
Marketing Management, 13th ed
Categories of New Products
New-to-the-world
New product lines
Additions
Improvements
Repositionings
Cost reductions
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Factors That Limit
New Product Development
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Shortage of ideas
Fragmented markets
Social and governmental constraints
Cost of development
Capital shortages
Faster required development time
Shorter product life cycles
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Figure 20.2 The New Product
Development Decision Process
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Consumer Goods Market Testing
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Sales-Wave Research
Simulated Test Marketing
Controlled Test Marketing
Test Markets
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Test Market Decisions
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How many test cities?
Which cities?
Length of test?
What information to collect?
What action to take?
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What is Adoption?
• Adoption is an individual’s decision to become
a regular user of a product.
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Stages in the Adoption Process
Awareness
Interest
Evaluation
Trial
Adoption
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Figure 20.6 Adopter Categorization
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