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PART FIVE LAUNCH 16-2 Launch 16-3 Common Myths About Marketing Planning for New Products • Marketing people make the decisions that constitute a marketing plan. • The technical work is complete when the new item hits the shipping dock. Marketing people take over. • The marketer’s task is to persuade the end user to use the new product. • The more sales potential there is in a market segment, the better that segment is as a target candidate. • The pioneer wins control of a new market. • As with Broadway shows, opening night is the culmination of everything we have been working for. 16-4 Chapter 16 Strategic Launch Planning 16-5 Strategic Givens Corporate, some team decisions made earlier. Often found in the PIC Guidelines. • A specified gross margin: affects funding. • Speed-to-market: affects promotional outlays and schedules. • Commitment to a given channel: affects distribution plan. • Advertising policy: affects promotion decisions. • Pricing policy: affects decision to use penetration or skimming pricing (slide down demand curve). 16-6
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