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New Product Development and Entrepreneurship Analytics
| Content Provider | Scilit |
|---|---|
| Author | Modugu, Kennedy Prince |
| Copyright Year | 2021 |
| Description | More than ever before, today's business environment is rapidly changing than it was some decades ago. This is largely due to increasing technological advancement and globalization. Therefore to survive and stay competitive, industry players must give priority to new product development (NPD) and innovation. This is because NPD is a critical success factor for most companies. According to Chen, Kang, Lee, Xing and Tong (2007), more than 50% of the sales in successful companies come from new products and more than 60% of the total revenue of most companies is attributable to new products. These assertions are testament to the multiplicity of new products that are available in everyday market. For example, each year, large multinational corporations such as Apple, Huawei and Microsoft launch new products into the market while gradually phasing out the old ones to pave way for increased market share. Same goes for companies producing consumables such as dairy products, juice, medicines and office stationery. It is also important to state that not all new products are a money-spinner for companies as the probability of product failure outweighs its success if the right measures are not taken. |
| Related Links | https://content.taylorfrancis.com/books/download?dac=C2018-0-95113-1&isbn=9780429196614&format=googlePreviewPdf |
| Ending Page | 149 |
| Page Count | 17 |
| Starting Page | 133 |
| DOI | 10.1201/9780429196614-8 |
| Language | English |
| Publisher | Informa UK Limited |
| Publisher Date | 2021-01-12 |
| Access Restriction | Open |
| Subject Keyword | Book Name: Data Analytics in Marketing, Entrepreneurship, and Innovation Applied Ethics Survive Market New Products Success Companies New Product Development |
| Content Type | Text |
| Resource Type | Chapter |