Product Strategy and Management by Michael BakerWe think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you! Published by Michael Hall Modified over 3 years ago. This phase is known as commercialization.
Marketing Mix: Product Strategy
Agenda Global competition Marketing and competitive success Environmental change Life cycles and evolution The nature of competition Product strategy its nature and importance. The history of human development is based on the twin concepts of Task specialisation and exchange. Task specialisation increases productivity and value added, but specialists must be able to exchange surpluses of their output for other goods and services. The means of doing this is through the establishment of markets both real and virtual. Technological innovation, entrepreneurship, the division of labour and professional management increase both the volume and variety of goods and services available for exchange. International trade, based on the Theory of comparative advantage, leads to global competition and further increases in productivity.
Fler böcker av författarna
Agenda To introduce the concept of the product life cycle PLC. To explain its use as an analytical framework. To identify criticisms of the PLC concept. To suggest how the PLC may be operationalized and put into practice. To present deviant variations of the classic PLC. The product life cycle PLC is A generalized model of the sales trend for a product class or category over a period of time, and of related changes in competitive behaviour. Most alert and thoughtful marketing executives are by now familiar with the concept of the product life cycle.
Skip to main content Skip to table of contents. Advertisement Hide. Marketing Theory and Practice. Front Matter Pages i-xii. Evolution of the Marketing Concept. Pages
Product Strategy and Management offers a holistic discussion and explanation of this subject area and shows why it is fundamental to a firm's competitiveness and its ultimate survival. It covers the entire product life cycle from new product development to elimination. It is also suitable for non-business school programmes - e. It has also proved to be a useful tool for professionals in their day-to-day management and strategising of products. This is a book that attempts to set the act of product strategy and new product development in a wider framework of strategic thinking and management theories.