Product Development Case Study Series Part 1

Post on 15-Jan-2015

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Part 1 of a 7 part case study outlining the product development process for an actual product introduction. The case study takes you from the "basis of interest" to the "launch" phase.

Transcript of Product Development Case Study Series Part 1

Ethnography Case Study

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Luxury brand Case Study

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This case study is meant to teach the basic concept of the product development process and is based on the development of a new architectural hardware business developed during my years at Black & Decker. The project required that a solid case be made, adequate funding was received and that the project delivered on the promise. This case study builds on the milestone process and is divide into seven phases. The first phase is the idea, trends and basis of interest development. This case study is a condensed version and doesn’t include all of the information used to develop the brand. In order to develop a new brand it’s important to develop a plan using a product development program. Generally, product development implementation should be guided by a milestone or stage-gate process. This should not diminish the importance of the idea, but to compliment it by ensuring that the idea is embraced and supported by the company and that the implementation meets the target objectives.

Luxury Brand

Business

Development

Case Study part 1 - Basis of interest

www.maxruckman.com

3

Idea

4

Transition

5

Initial market analysis

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Initial market analysis

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Initial market analysis

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Initial market analysis

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Initial market analysis

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$

Initial market analysis

1 6 7,

000,

000,

000

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Initial market analysis

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Initial market analysis

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Initial market analysis

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Initial market analysis

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Initial market analysis

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Transition

basis of

interest

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Transition

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Transition

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Transition

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Transition

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Transition

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Transition

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Basis of interest

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Basis of interest

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Basis of interest

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Basis of interest

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Basis of interest

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Basis of interest

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Basis of interest

products

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Basis of interest

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Basis of interest

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Basis of interest

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Basis of interest

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Basis of interest

Needs analysis

35

Basis of interest

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Basis of interest

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Basis of interest

finish

craftsmanship

design

38

Basis of interest

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Basis of interest

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Basis of interest

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Basis of interest

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Basis of interest

current

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Basis of interest

Market Analysis

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Basis of interest

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Basis of interest

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Basis of interest

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Basis of interest

Market needs

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Basis of interest

unique new

styles for

large entries

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Basis of interest

architectural

designs

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Basis of interest

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Basis of interest

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the following

proposed

improvements

match the

findings of direct

showroom

research

Basis of interest

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Basis of interest

mechanical

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Basis of interest

designs

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Basis of interest

service

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Basis of interest

sales

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Distribution

Basis of interest

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Merchandising

Basis of interest

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Advertising

Basis of interest

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Basis of interest

competition

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Basis of interest

New

product

swot

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Basis of interest

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Basis of interest

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Basis of interest

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Basis of interest

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Basis of interest

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Basis of interest

Product

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Basis of interest

definition

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Basis of interest

Product positioning

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Basis of interest

Functional designs

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Basis of interest

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Basis of interest

Price

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Basis of interest

margins

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Basis of interest

$ 96,000,000

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Transition

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Luxury Brand

Business

Development

Case Study part 1 - Basis of interest

www.maxruckman.com

77