Scope
-
Oversee the new product development
process from ideation to commercialization.
-
Gain launch approval to a business
proposition that identifies specific new product opportunities.
Process
-
Identify success factors for
market entry into a highly competitive business.
-
Analyze market trends, key competitor
activities, consumer habits and practices, need gaps, and segmentation
opportunities.
-
Approve an 18-month critical
analysis to implement a rigorous new product development process.
Deliverables
-
New Product Development Process
adopted and implemented.
-
Generation of a qualified list
of new product ideas.
-
Assessment and plan for creating
an action team to implement all phases of the New Product Development process.
Results
-
Top management agrees to a business
development plan.
-
A creative team is assembled
to develop new advertising.
-
New product concepts are prepared
and readied for market research testing and evaluation.
-
InnaVision delivers Innovation
and Vision to your New Product Development Process
Innovation
-
Viable New Product Development
process becomes part of your marketing strategy and approach.
-
New product concepts can achieve
"speed-to-market" status.
-
Core management team can be
assembled to implement New Product Development process. Key "do's and don'ts"
of product launches identified and communicated.
Vision
-
Successful new product launches
lead to increased market share on critical brands.
-
New products will exhibit "product
plus" and show strong sales and profitability.
-
Breakthrough products allow
you to beat the competition to market.
Representative
ProductVision Engagement
-
New Product Development engagement
for a global consumer packaged-goods company.
Scope
and Objectives
-
Direct the development of a
new consumer products range of products for introduction into South Africa
given the following objectives:
-
Oversee the new product development
process from ideation to commercialization.
-
Gain launch approval to a Business
Proposition that identifies specific new product opportunities over the
next 6 years.
Process
Consulting contributions
focused on:
-
Assembling worldwide success
factors for entry into a highly competitive business category.
-
Approval of an 18-month critical
path analysis that required a rigorous new product development process.
-
Competitor analyses that identified
vulnerabilities and strengths as well as anticipated strategic responses.
-
Analysis of market trends, consumer
habits and practices, need gaps and segmentation opportunities.
Project
duration
Results
Top management agreed to
the 18-month business development plan. An Advertising Agency was selected
and a senior manager hired to lead the team. Over 15 new product concepts
were prepared and readied for market research testing/evaluation. |