Business Project: Perfect Plastics

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Business Project: Perfect Plastics da Mind Map: Business Project: Perfect Plastics

1. Objective

1.1. Given the current capacity, know-how and raw materials of perfect Plastics

1.2. The objective is to determine a new product line for the organisation and,

1.3. to evaluate between product ideas

2. Understanding the Organisational context

2.1. Business Analysis:

2.1.1. Current Capacity

2.1.1.1. https://www.linkedin.com/pulse/how-calculate-production-capacity-factory-sunjib-anwar-mba-scss

2.1.2. Current Products

2.1.3. Current Target Market

2.1.4. Marketing differentiations and strengths

2.1.5. Swot???

2.2. Owners view on Market Development

2.3. Understanding the Raw Materials and Technological Know How

3. Identify factors defining market acceptance: Willingness to accept the new product

3.1. Product

3.1.1. Functional benefits, which benefits from literature review of the chosen idea

3.2. Network launch

3.2.1. relationships

3.3. Prior Knowledge

3.3.1. Experience and Expertise

3.4. Percieved originality and uniqeness

3.4.1. Wang, Q., Dacko, S. & Gad, M., 2007. Factors Influencing Consumers' Evaluation and Adoption Intention of Really-New Products or Services: Prior Knowledge, Innovativeness and Timing of Product Evaluation. Advances in Consumer Research, 35, p.416

3.5. Perceived risks

3.5.1. trust , reliability and consistency

3.6. Market image: Performance in term of delivery and quality

3.6.1. What quality dimenesions

3.6.2. Performance in terms of delivery and?

4. New Product Development Process: 7 steps (Business analysis is one art of these steps)

4.1. Idea generation

4.2. idea screening and evaluation

4.3. concept development and testing

4.4. Business Analysis

4.5. Market strategy (target Market) - Ansoff MAtrix

4.6. Cost estimates, Budget and investment

4.7. Test Marketing Strategies

4.8. Commercialist-ion strategies

5. References

5.1. Jiun‐Sheng Chris Lin, Yun‐Chi Chang, (2012) "Retailers' new product acceptance decisions: incorporating the buyer‐ supplier relationship perspective", Journal of Business & Industrial Marketing, Vol. 27 Issue: 2, pp.89-99

5.2. Anna Blombäck, Björn Axelsson, (2007) "The role of corporate brand image in the selection of new subcontractors", Journal of Business & Industrial Marketing, Vol. 22 Issue: 6, pp.418-430