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INTERNATIONAL MARKETING

SHERIN AMIR MBA-S4

NEW PRODUCT DEVELOPMENT


The various steps associated with NPD are: GENERATION OF IDEAS SCREENING BUSINESS ANALYSIS PRODUCT DEVELOPMENT TEST MARKETING COMMERCIALISATION

INTERNATIONAL PRODUCT LIFE CYCLE:

STAGES:
0- LOCAL INNOVATION 1- OVERSEAS INNOVATION 2-MATURITY 3- WORLWIDE INNOVATION 4- REVERSAL

PRODUCT STANDARDISATION
Why ?

PRODUCT ADAPTATION:
It involves altering the product to meet local conditions or preferences. - kotler There are several strategies of adaptation: 1 prod/ 1 communication Pro adap/ communication extension Pro adap/communication extension

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