Matakuliah : J0504 - Strategi Pemasaran Tahun : 2009 Innovation and New Product Strategy Pertemuan 14 Buku 1 Hal: 236-265 Learning Objective • • • • • • • • Innovation as a Customer Driven Process New Product Planning Idea Generation Screening, Evaluating, and Business Analysis Product and Process Development Marketing Strategy and Market Testing Commercialization Variation in the Generic New Product Planning Process Bina Nusantara The Innovation Strategy Spells Out Management’s Priorities for New Product Opportunities 1. Set specific New Product Objectives. 2. Communicate the role of New Products throughout the organization. 3. Define the areas of strategic focus: Product Scope Markets Technologies 4. Include longer term discontinuous projects in the portfolio along with incremental projects. NEW PRODUCT PLANNING PROCESS Customer Needs Analysis Idea Generation Screening and Evaluation Business Analysis Marketing Strategy Development Product Development Testing Commercialization Achieving Cross-Functional Interaction and Coordination R&D Operations Marketing Finance Responsibility for New Product Planning • • • • • • Coordination of new product activities by a highlevel general manager Inter-functional coordination by a team of new product planning representatives Creation of a project task force responsible for new product planning Designation of a new products manager to coordinate planning between departments Formation of matrix structure for integration new product planning with business functions Creation of a permanent design center SCREENING, EVALUATING, AND BUSINESS ANALYSIS IDEA GENERATION SCREENING (fit/feasibility) CONCEPT EVALUATION BUSINESS ANALYSIS Alliances/ Acquisition/ Licensing National Policy Creative Methods Direct Search Technological Innovation METHODS OF GENERATING IDEAS Linking Marketing and Technology Exploratory Customer Studies Facilitating Lead User Analysis Business Analysis • Revenue Forecasts • Preliminary Marketing Plan • Cost Estimation • Profit Projections • Other Considerations PRODUCT AND PROCESS DEVELOPMENT NEW PRODUCT CONCEPT PRODUCT DEVELOPMENT AND USE TESTING MARKETING STRATEGY DEVELOPMENT MARKET TESTING LAUNCH Product and Process Development • Development of the new product includes: – Product design – Packaging design – Decisions to make or purchase product components • Product Development Process: – Product Specifications – Industrial Design – Prototype – Use Tests – Process Development • Collaborative Development MARKETING STRATEGY AND MARKET TESTING Marketing Strategy Decisions – Market Targeting – Positioning Strategy Market Testing Options – Simulated Test Marketing – Scanner – Based Test Marketing – Conventional Test Marketing – Testing Industrial Products – Selecting Test Sites – Length of the Test – External Influences COMMERCIALIZATION The Marketing Plan – Complete marketing strategy – Responsibilities for execution – Cross – functional approach Monitoring and Control – Real – time tracking – Role of the Internet – Include product performance metrics with performance targets Marketing Strategy Market Target(s) Objectives Marketing Program(s) VARIATIONS IN THE GENERIC NEW PRODUCT PLANNING • Technology Push Processes • Platform Products • Process – Intensive Products • Customized Products