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Who should attend Planning and Developing New Products
Professionals with six months to five years of new product development experience, managers of new product planning and development…corporate planners…R&D directors and managers…project managers and directors and specialists in new product design…product managers…marketing vice presidents, directors and managers.
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Planning and Developing New Products  

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For:

Professionals with six months to five years of new product development experience, managers of new product planning and development…corporate planners…R&D directors and managers…project managers and directors and specialists in new product design…product managers…marketing vice presidents, directors and managers.

Cost:   

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Seminar Summary:

When it comes to new product development, it can be a long haul from concept to profitability. (see full course description)

 
 

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Training Course Syllabus:


Planning and Developing New Products Training Class

When it comes to new product development, it can be a long haul from concept to profitability.

Here’s where you’ll learn methods to get maximum mileage from market research…strategies for breakthrough ideas…and tactics for innovative and new product development.

How You Will Benefit

  • Understand the eight critical keys to success
  • Define objectives and strategies for your new product development program
  • Analyze from a financial perspective
  • Bring innovation to market quickly using new product development insights
  • Effectively handle product testing and launch issues
  • Use market research to identify profitable new markets
  • Successfully manage your team


What You Will Cover

  • How to generate ideas for new products
  • Surveying your competition
  • Determining if new products are in line with overall corporate strategy and with your current portfolio
  • Conducting small-scale tests to eliminate unprofitable ideas
  • Techniques of market testing
  • Developing a market-driven business plan
  • The team approach to managing new products
  • Managing the product life cycle: the launching process…evaluating market performance results

Extended Seminar Outline

Learning Objectives

  • Generate Potential New Product/Service and New Market Ideas That Fit Your Business Strategy
  • Screen and Evaluate Potential New Product/Service and New Market Ideas
  • Analyze New Product/Service and New Market Opportunities from a Financial Perspective
  • Develop New Products or Services and Enter New Markets More Quickly
  • Handle Product and Service Testing and Launch Issues
  • Develop Highly Innovative New Products or Services
  • Understand the Role of Each Step in the Product/Service Development and New Market-Entry Processes. Learn to Integrate These Steps to Set Up Effective New Product/Service Development and New Market-Entry Processes


IntroductionThe New Product/Service Development Process

  • Understand the Structure of the New Product/Service Development Process
  • Know the Primary Reasons for New Product and Service Failure
  • Understand the Concept of Increasing Costs, and Its Implications for the New Product/Service Development Process
  • Know Who Should Be Making the Decisions at Each Step of the New Product/Service Development Process
  • Understand the Relationship Between Revenues and the Level of Innovation
  • Understand the Key Differences Between Developing Products and Services
  • Understand the Key Differences Between Developing Business-to-Business and Consumer Produces/Services
  • Know the Learning Objectives and Major Themes of This Training Program


Defining Your Charter

  • Understand What a Charter Is, and the Role It Plays in the Product/Service Development Process
  • Develop a Charter for Your Business Unit


Idea Generation

  • Identify the Key Idea-Generation Techniques in Use Today
  • Use These Techniques to Generate Potential New Product/Service and New Market Ideas That Fit Your Business Strategy


Post-Ideation Screens

  • Develop Your Own Post-Ideation Screens
  • Use These Post-Ideation Screens to Filter Potential New Product/Service and New Market Ideas


Market Research

  • Understand the Principal Market-Research Techniques in Use in New Product/Service Development and New Market Entry
  • Use These Market-Research Techniques During the New Product/Service Development and New Market-Entry Process


Interim Screens

  • Understand Why We Use an Interim Screen
  • Understand the Ten Critical Factors Behind New Product/Service Success
  • Know the Items We Need Before Interim Screens
  • Develop Your Own Interim Screens


Business Analysis for New Products, Services, and Markets

  • Analyze New Product/Service and New Market Opportunities from a Financial Perspective
  • Understand How to Use Capital Budgeting as the Business Analysis Tool for New Products/Services and New Market Opportunities
  • Know How to Obtain the Information You Need to Develop a New Product/Service or New Market Capital Budget
  • Forecast New Product/Service and New Market Sales
  • Choose Between Optimizing Time, Quality, and Cost


Developing Highly Innovative Products, Services, and/or Entering Highly Innovative New Markets

  • Understand Why We Need a Different Process for Developing Highly Innovative Products/Services, and Entering Highly Innovative New Markets
  • Know How to Develop Highly Innovative Products/Services and Enter Highly Innovative New Markets


Development

  • Know the Reasons Why Products/Services Can Be Late to Market
  • Develop Your New Products/Services Faster


Testing

  • Understand Why We Test Products/Services During Development
  • Know How to Test Business-to-Business and Consumer New Products/Services
  • Know If We Should Test a New Product/Service, and When Not to


Product/Service Launch

  • Launch New Products/Services


New-Market Entry

  • Use the Tools Covered in This Seminar to Enter New Markets


After the Launch

  • Manage the Period Immediately After Launch
  • Know When to Modify Your Products/Services After Launch Needed
  • Understand the Psychographic Groups That Come into Play at Different Stages of the Product/Service Life Cycle, and How They Affect Your Products/Services After Launch
  • Understand How to Extend the Life of a Failing New Product/Service
  • Know How to Phase Out or Drop a Failing New Product/Service

 

Who Should Attend

Professionals with six months to five years of new product development experience, managers of new product planning and development…corporate planners…R&D directors and managers…project managers and directors and specialists in new product design…product managers…marketing vice presidents, directors and managers.

Note: Attendees should have two years of marketing experience.
 

Credits

1.8 CEU

 

Training Class Time:

Training Seminar Check-In: 8:30 AM  Training Seminar Class - 9:00 AM-5:00 PM (last day ends at 4:30 PM)

Seminar Summary:

When it comes to new product development, it can be a long haul from concept to profitability. (see full course description)

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