This paper examines new product development and product life-cycle management with a focus on Coke and Pepsi.
Written in 2007; 1,184 words; 7 sources; MLA; $ 40.95
Paper Summary:
The paper explains that new product introductions and managing product life-cycles are the most significant events in generating revenue for any company. The paper examines Pepsi's aggressiveness on acquiring brands and Coca-Cola's philosophy of trying to build brands. The paper also looks at approaches Microsoft and Salesforce.com take to new product development. The paper shows how the methods and approaches companies use for bringing innovation into their products all center on bringing the customer into the center of the innovation process, focusing on their unmet needs.
Outline:
Approaches Companies Take To New Product Development
New Products: Blue Ocean or Red Ocean Strategy?
Managing Product Life-cycles
Bringing Innovation into Products
From the Paper:
"The more competitive the industry, the more critical it is for companies to turn new product development and introduction (NPDI) and the entire product lifecycle management (PLM) series of processes companies into a competitive strength. Exacerbating the need to turn NPDI and PLM into lasting competitive advantages are the mindsets and opinions of senior management and board members as to the direction a company should take on these critical processes. New product introductions and managing product lifecycles are the single most significant event in for generating revenue for any company. For soft drink manufacturers this is clearly the case given the relatively flat growth of carbonated beverages and the urgent need to move into new markets."
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