Product Design and Customer Expectations
The importance of creating a comprehensive strategy for new product development in your multinational company cannot be overstated. Research and development is costly and the ramifications of bad decision making in new product development can be disastrous to your bottom line.
In Q2, you will be designing a brand for each target segment that you and your team have selected using market research. Understanding customer preferences, which is at the heart of the market research will be key to creating products that will sell to your target markets. This week you will be completing of the Microsimulation of Product Design – The QFD technique, and learning about the 5 fitnesses in your seminar to help you gain additional knowledge about customer expectations.
For this Discussion, you will be:
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