Predicting Probability of New Product Success with Structured Executive Judgement

'Why do some products fail while others succeed? This question has been a perennial favourite amongst managers and academics.

Predicting Probability of New Product Success With Structured Executive Judgement

S. Ramachander ACME (Academy for Management Excellence), India

It is interesting that the basic approach to new product testing and re search has remained fairly standard and universal over the years; to take every element in the proposed marketing mix(es) - from product concept to point of purchase activity and test it in sequence or in combination, with reference points such as competitor brands on one side, and consumer perceptions and preferences on the other. What has changed is chiefly the technology and the mechanics of measurement, with more...

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