New Product Development
Put yourself in the position of an entrepreneur who is developing a new product to introduce into the market. Briefly describe the product. Then develop the segmentation, targeting, and positioning strategy for marketing the new product. Be sure to discuss:
The overall strategy
Characteristics of the target market
Why that target market is attractive
The positioning strategy
Provide justifications, in the form of research, for your decisions and include at least three references to credible sources outside of the course and its required readings/ media. (The CSU-Global Library is a good place to find credible sources.)
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Excerpt from file: NewProductDevelopment Putyourselfinthepositionofanentrepreneurwhoisdevelopinganewproducttointroduceintothemarket.Briefly describetheproduct.Thendevelopthesegmentation,targeting,andpositioningstrategyformarketingthenew product.Besuretodiscuss: 1. Theoverallstrategy 2.
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