Combination of Rational Strategy and Precise Market Research to Assist New Product/Service Development: Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Buy Now New product Development Strategy: Product development strategy is the process of adding innovation to consumers from thought to test. New product is a result of a creative and unique idea that makes consumers satisfied. In a new product development. How to Plan New Product/service Development: Launching of new product or a service to the market, should have robust marketing plan before setting of product launch marketing, organization goals and establishment of a new product launch to have several key metrics and the marketing campaigns. Description of target market with planned value addition, sales, market share and profit goals. Outline of product’s planned to be manufactured, distribution and marketing budget for the first year The long-term sales plan, profit targets and marketing mix strategy. The product development process also involves a review of sales, costs and profit projections for new product or factors satisfying company’s goals. Market Research for New Product Development Organizations depend on new product development for staying competitive within the industry. However, such process can be exciting, lengthy for the new products and service which allow organizations to grow and expand their market reach. To ensure that the time and price invested for the new product development shouldn’t go waste, it’s essential for organizations to take informed decisions based on actual market opportunity and the customer understandings. Our Market research studies have dedicated teams having insights and information about major updates of the market. The following activities are carried for Market Research for New Product/Service Development Primary Market Research: Sale effectiveness Determining quality offered by competitors Recognizing competitors and the active competition in the market Any other relevant primary information required Secondary Market Research Analyzing Company Data Reports Conducting Studies or Surveys Sorting and Consulting Newspaper Reports Any Other relevant Available Information Market Research Process Analyzing the Similar Research has Already Conducted. Study of the Existing Data meeting organization goals. Deciding how existing data can be used. Figure out how company needs to perform any primary market research Any other relevant information about the market Plan New Product Development in the phased manner The new product development in the phased manner includes the sequence wise information for developing product which should undergo from conceptualization to final addition into the market. Certainly, depending on the specific situation, process which may be handled in a flexible manner to overlap phase of new products should include the following phase. Idea Phase Research phase Development Phase Testing Phase Analysis Phase Release phase Businesses can also measure their repute with the key market research, as well as finding problems with their service, branding, packaging, website or other influential feature of the product. The use of market research analysis for new product development can aid by bringing the useful insight into the current & future trends where the market might be heading. New Service Development Strategy The entire process of forming service deals with the key concepts rather than the physical objects. The service development is an end to end process of developing and launching of new service to be sold to customers, which primarily involves market research, customer experience, operations and new service ideas. The method of new-service strategy development and testing must also recognize the abstract, and the nature of services associated to it. For more information, click on the link below: https://www.kenresearch.com/new-product-development.php Contact Us: Ken Research Ankur Gupta Head Marketing Ankur@kenresearch.com +91-9015378249 Tags: How to Plan New Product Launch, How to Plan New Service Launch, Market Research Analysis for New Product Development, Market Research for New Product Launch, New Product Development Strategy, New Service Development Strategy, Plan New Product Development in Phased Manner