Pertemuan Keempatbelas Planning for New Products 1 New Product Categories • New to the world products; new products that create an entirely new market • New product lines; new products that, for the first time allow a company to enter an established market • Additions to existing product lines; • Improvements in revisions to existing products; new products that provide improved performance • Repositioning; new products that are targeted to new markets or market segments • Cost reductions 2 Customer Satisfaction Opportunities • Customer satisfaction analysis finds opportunities for: – New products – Improvements in existing products – Improvements in production processes – Improvements in supporting services 3 Success Criteria • The characteristics include: – Successful innovators listen to their customers – Strong leadership and rigorous measurement provide overall direction for team projects – Innovators keep score in different ways – Leaders recognize that the product generation race is never won 4 Factors Contributing to The Success of New Products • Products fit with market needs • Products fit with internal functional strengths • Technological superiority of products • Use of new product process • Favorable competitive environment • Structure of new product organization 5 Key Considerations • There are two key considerations in newproduct planning: – Generating a stream of new product ideas that will satisfy management’s requirements for new products – Establishing procedures and methods for evaluating new-product ideas as they move through the planning stages 6 New Product Planning Process • • • • • • • • Customer needs analysis Idea generation Screening and evaluation Business analysis Product development Marketing strategy development Testing Commercialization 7 Developing Successful New Products • Includes: – Coordination by a high-level general manager – Interfunctional coordination by new product planning representatives – Forming a temporary task force responsible for new product planning – Appointing a new products manager to coordinate planning among departments – Adopting a matrix organizational structure for integrating newproduct planning with business functions – Forming a design center similar in concept to a design team, except the center is a permanent part of the organization 8 Conclusions • New product planning is a vital activity in every company. Companies that are successful in new product planning follow a formal process of new product planning combined with effective organization structures for managing new products. • The steps in new product planning include customer needs analysis, idea generation, screening and evaluation, business analysis, product development, marketing strategy development, market testing and commercialization. 9