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NEW PRODUCT DEVELOPMENT: 

NEW PRODUCT DEVELOPMENT By Puneet Mendon Vaibhav More Pooja Ghuge Mahesh Khumbhar Bhushan Mulmule

NEW PRODUCT DEVELOPMENT: 

NEW PRODUCT DEVELOPMENT

Idea Generation: 

Idea Generation Use of projectors in today’s corporate world have increased tremendously. This usage has caused following inconvenience - Space - Time - Money - Confusion

Idea Generation: 

Idea Generation Idea generation gives a unique concept that can create huge difference in competition. After many brain storming sessions with top level and lower level management many ideas was taken into consideration.

Idea Screening: 

Idea Screening ABC company had a main objective of providing customer satisfaction. Also, they had a target of achieving 30% market share by next year. Thus, the company is hunger to have an idea that can boost its competitions.

Idea Screening: 

Idea Screening After dropping many ideas, one single concept was selected. PROJECTOR SPOTTED LAPTOP

Concept Development: 

Concept Development Following concept was developed due to this idea. “FAST ACCESS TO SUCCESS” “INSTANT WAY TO COMMUNICATE”

Product Positioning: 

Product Positioning Expensive In Expensive Slow Fast

Marketing Stratergy: 

Marketing Stratergy Advertisement Social Websites. Direct Marketing.

Price: 

Price Projector Cost =Rs 20,000 Laptop Cost = Rs 40,000 Total= Rs 60,000 Our Product Price range= RS 35000-Rs 45000

Business Analysis: 

Business Analysis This product is designed for corporate and B-Schools. Due to these target markets the purchase will be mostly on mass. It will also attract individual customers.

Business Analysis: 

Business Analysis This will give definitely give more profit. Also it will increase the market share.

Product Development: 

Product Development

Product Development: 

Product Development The changes needed is a small projector with a minimum resolution of 1000 by 1200. Design change in LCD covers with an hollow slot for the lens.

Product Development: 

Product Development Product is tested and certified by engineers. We have enhanced the backup period of battery.

Market Testing: 

Market Testing This product will be tested in Navi Mumbai. Demo will be illustrated in 20 B-Schools and feed back was taken. 50 corporate will be given demo and they used our product for one week.

Market Testing: 

Market Testing Feedback will be taken and more development will be done. More research on increasing better back up If succeeded , we will go for commercial launch

Commercialisation: 

Commercialisation National Launch. More focus on corporate and B-School thus launch will have more focus on Delhi, Mumbai and Bangalore. If suceeded will focus on other cities.

PowerPoint Presentation: 

THANK YOU