Archive for the ‘Product Development’ category

Why Are New Products Launched? (Part 4 of 4)

April 6th, 2010

This post is the fourth and last in a series about “Why New Products Are Launched.”  In the first part we covered the success or failure rate of new products. The second part covered launching new products for the correct reason, the third part covered externally focused reasons for product development.

The proverbial “rational man” would tell us we introduce new products to make more money.  However, the “rational man” does not always occupy the decision maker’s chair.  This post is geared to internal reasons for product development. » Read more: Why Are New Products Launched? (Part 4 of 4)

Why Are New Products Launched? (Part 3 of 4)

March 30th, 2010

Welcome to part three of our exploration of “Why New Products Are Launched.”  Here we will explore three externally focused reasons for companies creating new products. In the first part we covered the success or failure rate of new products. The second part covered launching new products for the correct reason. » Read more: Why Are New Products Launched? (Part 3 of 4)

Why Are New Products Launched? (Part 2 of 4)

March 23rd, 2010

Lets look at three reasons why product development is undertaken for the correct reasons. In part one of this four part series we looked at the high failure rate of new products. » Read more: Why Are New Products Launched? (Part 2 of 4)

WHY ARE NEW PRODUCTS LAUNCHED? (PART 1 OF 4)

March 16th, 2010

I have been developing new products for 20 years. Over four posts I will discuss nine broad based reasons why new products are developed and examine them to illustrate the precarious nature of the new product development process. » Read more: WHY ARE NEW PRODUCTS LAUNCHED? (PART 1 OF 4)

No Matter What You Call Them They Taste Great!!!

December 15th, 2009

Regional preferences, experiences and habits guide our approach to many products like food and drink.  Think of Soda in the Northeastern US, Pop in the Midwestern US and Coke in the Southern US.  All are names for the same product.

Depending on where you live in the Northeast US you enjoy a Hoagie, Hero, Sub or Grinder.  Would you be getting the same or different food when you order?  Often, you would get the same food with a different name. » Read more: No Matter What You Call Them They Taste Great!!!

OXO Gets a Grip on New Markets

November 12th, 2009

OXO, the maker of popular kitchen tools is extending its brand to office supplies, medical devices and children’s products.

Unique Selling Proposition

Each company should be able to articulate its unique selling proposition (USP).  In the case of OXO, the USP is the cool design, comfort and ease of use of their products.  Historically, OXO defined its field of play to be kitchen and household products. » Read more: OXO Gets a Grip on New Markets

Pricing’s Role in Product Development

November 5th, 2009

Good products and services can and should succeed in the marketplace.  However, mispricing a product or service can kill that quality offering. » Read more: Pricing’s Role in Product Development

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