Simulated Test Marketing: Technology for Launching Successful New Products (Paperback) (ISBN-13: 9780739104255)

Innovation remains an arduous and painful process for many companies, doing untold damage to brands, profitability, and careers. Some have used line extensions to mitigate risk, but all too often they have ended up extending the core brand into oblivion. Others have used test markets to help gauge opinion before a national rollout, only to have competitors snatch ideas and undermine results. Given the problems with conventional approaches, it's not surprising that 90% of new products and services fail. Market New Products Successfully is the definitive guidebook for using simulated test marketing (STM), a technology that can help companies dramatically improve the odds of introducing a successful new product or service. The book examines why STM is important, what the differences are between the major systems, how to do a simulation, and what insights it offers a marketing plan. It is the ultimate guidebook for any smart marketer looking to improve the financial outcome of the innovation process.

Author: Kevin J. Clancy,Peter C. Krieg,Marianne McGarry Wolf
ISBN-10: 073910425X
ISBN-13: 9780739104255
Publisher: Lexington Books
Language: English
Published: 12/28/2002
Pages: 320
Format: Paperback
Weight: 1.04lbs
Size: 9.00h x 6.00w x 0.72d