New Product Consulting

Product failures are costly. These are also typical. Even the best known and largest corporations occasionally fail to introduce new products correctly.

These failures are unnecessary, but what choice do we have? Few companies prosper in the long run if they do not continually reinvent their offerings.

The good news is that many of the causes of failure can be avoided. A thorough examination of market, channel and customer behavior can reveal the economic attractiveness of new (and current) commodity products. When you combine knowledge about competitive activity, cost dynamics and internal capabilities, you are looking for untapped opportunities for new product conceptions.

Our Method

We approach the creation of new offerings from a customer-centric point of view. Among the services we provide are:

Create a procedure to capture new product opportunities.
The business case for creating a new product must be explained.
Create and test new product ideas, including price and format.
Projected sales, profits and market share under various conditions.
Create plans for the introduction of your product.
Find ways to use the data you collect for profit.
Determine additional supplemental income methods.
Establish an innovation capability within your company.

New Product Consulting

Our Method

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