This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.

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8 stepsHere are the matches between the examples and the stages of new-product development:
Anelisa has finalised the brand name and packaging decisions of the new product and is waiting for test results from the SABS.
Honda has started a new company for the generation of new-product ideas.
Pete's Pizza is including a questionnaire regarding new ideas for toppings with every box of take-away pizza.
Woolworths used focus groups to generate new ideas for bread products. They are currently contemplating whether these ideas are in line with Woolworths' objectives and resources. Several ideas were dropped after this analysis.
Management shows interest in an idea for fluorescent raincoats for schoolchildren but wants figures regarding forecasted sales, costs and profits before coming to a decision.
Homemade Jams have started production and are shipping products to distribution points.
Laptop Ltd has developed a new low-cost laptop aimed at the high-school segment. They have some doubts about 3 different colours and two promotional messages. In this instance, they probably should proceed to which stage?
The demand and profitability of a new energy drink meet the requirements of Energy Excellence. They have asked 30 gym members to taste samples and give them their opinions about the proposed product.
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This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.