new market offering

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New Market Offering Jimmy Indra W Widyaharsana Email/Facebook: [email protected] YM: jimboy007us

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New Market Offering & Product Innovation, by Jimmy Indra W Widyaharsana

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Page 1: New Market Offering

New Market OfferingJimmy Indra W Widyaharsana

Email/Facebook: [email protected]: jimboy007us

Tuesday, February 22, 2011

Page 2: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

Category New Products

Cost reductions

New product lines

Additions

Improvements

Repositioning

New-to-the-world

Tuesday, February 22, 2011

Page 3: New Market Offering

Innovation

Tuesday, February 22, 2011

Page 4: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

Typology ofProduct Innovation

Process Innovation

Organizational Innovation

Management Innovation

Production Innovation

Commercial/Marketing Innovation

Service Innovation

Innovation

Tuesday, February 22, 2011

Page 5: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

Seven Notions ofInnovation

See the future through the

eyes of your customer

Speed is critical, so push

your organization

Intellectual property and

brand power are key assets

Use digital technology to

create tools for customers Use a championship team

Innovation is a state of mind

•!Partner up if you’re not the best

Tuesday, February 22, 2011

Page 6: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

New Product Development Decision Process

Tuesday, February 22, 2011

Page 7: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

Idea Generation & Screening

Tuesday, February 22, 2011

Page 8: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

Concept Development & Testing

Tuesday, February 22, 2011

Page 9: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

Business Analysis

Tuesday, February 22, 2011

Page 10: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

Product Development

Tuesday, February 22, 2011

Page 11: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

Market Testing

Tuesday, February 22, 2011

Page 12: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

Commercialization

Tuesday, February 22, 2011

Page 13: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

Tuesday, February 22, 2011

Page 14: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

Idea Generation

Tuesday, February 22, 2011

Page 15: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

Ways to Find Great New Ideas

1. Run informal sessions with customers

2. Make customer brainstorming a part of plant tours

3. Survey your customers

4. Undertake “fly on the wall” research to customers

5. Use iterative rounds with customers

6. Allow time off for technical people to putter on pet projects

Tuesday, February 22, 2011

Page 16: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

More Ways to Find Great Ideas

• Set up a keyword search to scan trade publications

• Treat trade shows as intelligence missions

• Have employees visit supplier labs

• Set up an idea vault

Tuesday, February 22, 2011

Page 17: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

Drawing Ideas from Customers

• Observe customers using product

• Ask customers about problems with products

• Ask customers about their dream products

• Use a customer advisory board or a brand community of enthusiasts to discuss product

Tuesday, February 22, 2011

Page 18: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

Adoption ProcessAwareness

Interest

Evaluation

Trial

Adoption

Awareness

Interest

Evaluation

Trial

Adoption

Tuesday, February 22, 2011

Page 19: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

Adopter Categorization

Tuesday, February 22, 2011

Page 20: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

Factors That Limit New Product Development

• Shortage of ideas

• Fragmented markets

• Social and governmental constraints

• Cost of development

• Capital shortages

• Faster required development time

• Shorter product life cycles

Tuesday, February 22, 2011

Page 21: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

Lateral Mapping

• Gas stations + food

• Cafeteria + Internet

• Cereal + snacking

• Candy + toy

• Audio + portable

• Hamburger???? +

Tuesday, February 22, 2011

Page 22: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

Characteristics of an Innovation

• Relative advantage

• Compatibility

• Complexity

• Divisibility

• Communicability

Tuesday, February 22, 2011

Page 23: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

Idea Generation: Creativity Techniques

Forced relationships

Morphological analysis Reverse assumption analysis

New contexts Mind Mapping

Attribute listing

Tuesday, February 22, 2011

Page 24: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

List & Modify Attribute

Meat

Attribute listing

Bun

Cheese

Vegetables

Tuesday, February 22, 2011

Page 25: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

1. List several ideas

2. Consider each in relation

Forced relationships

Fast Food Restaurant

Place To Hang Out

Tuesday, February 22, 2011

Page 26: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

Morphological analysis

Bob’s Big Boy1. Start with problem 2.Think of dimension

Tuesday, February 22, 2011

Page 27: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

1. List normal assumptions

2. Then Reverse Them

Reverse assumption analysis

Tuesday, February 22, 2011

Page 28: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

1. List normal assumptions

2. Then Reverse Them

People FoodPeople Food

Reverse assumption analysis

Tuesday, February 22, 2011

Page 29: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

1. List normal assumptions

2. Then Reverse Them

Exclusive FoodExclusive Food

Reverse assumption analysis

Tuesday, February 22, 2011

Page 30: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

1. Take familiar process

2. Put them in new context

New contexts

Tuesday, February 22, 2011

Page 31: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

1. Take familiar process

2. Put them in new context

New contexts

Tuesday, February 22, 2011

Page 32: New Market Offering

Jimmy Indra W Widyaharsana, ST MM

Mind Mapping

Meat

Bun

Cheese

Vegetables

Component

Grill Fried Steam?

How it Cooks

Tuesday, February 22, 2011

Page 33: New Market Offering

AdoptionAdoption is an individual’s decision to become a regular

user of a product.

Tuesday, February 22, 2011