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New products are unquestionably imperative for business sustainability and success. Firms need to maintain their competitive advantage, and a major determinant of sustaining competitive advantage is the ability of the firm to develop and launch successful new products. There are highly volatile...
Persistent link: https://www.econbiz.de/10009482114
The new product development (NPD) process has been long conceptualized as an intense information processing task, yet several questions about the role of information in shaping NPD decisions remain open. For instance, the persistent representation of NPD decisions as a single decision-maker...
Persistent link: https://www.econbiz.de/10009475973
The principal objective here is to describe conceptual and research tools for achieving deeper sense-making of what happened and why it happened -including how participants interpret outcomes of what happened and the dynamics of emic (executive) and etic (researcher) sense-making. This article...
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The Fuji apple variety is relatively new in the U.S. As a new product, questions concern the relative impact of consumer learning by experience, by variety-specific promotion, or by generic apple promotion. A two-stage (LES/LAIDS) model incorporating both types of promotion is used to estimate...
Persistent link: https://www.econbiz.de/10005805318
This paper introduces a framework for modeling innovation diffusion that includes price and advertising. The adoption of a new product is characterized by two steps: awareness and adoption. Awareness is the stage of being informed about the product search attributes. The process of becoming...
Persistent link: https://www.econbiz.de/10009204241
Accurate marketing research depends on accurate user judgments regarding their needs. However, for very novel products … this paper I explore the problem and propose a solution: Marketing research analyses which focus on what I term the "lead … serve as a need-forecasting laboratory for marketing research. Moreover, since lead users often attempt to fill the need …
Persistent link: https://www.econbiz.de/10009204493