New product development

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BY RAHUL MEENOTH ROLL NO 84

description

 

Transcript of New product development

Page 1: New product development

BYRAHUL MEENOTH

ROLL NO 84

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PRODUCT NAME MUSIC VISION

“the smart choice”

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DESCRIPTION• Product is a sunglass• Enabled with an unbuilt music player• Data storage capacity of 2 GB• Works on a battery• Bluetooth enabled

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FEATURES• In – built music player• Storage capacity upto 2 GB• Auto playback function• Side touch sensitive keys• Standby time of upto 8 hrs

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FEATURES

Black metallic finish100% u.v. protected glassEasily portableInbuilt microphone

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MARKETING MIX OF KEY-LITEPRODUCTProduct is a sunglass made keeping in mind

the futuristic aspects and wants of the consumers. The product itself is a revolution in its field which involves breakthrough technology.

Inbuilt music playerMusic on the moveBluetooth enabled

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PLACEThe Place revolves around setting up of amarketing channel to reach the customer.

URBAN AND SEMI URBAN AREAS

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PRICEMusic Vision PRICE RANGES FROM(Rs. 11000-18000)

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PROMOTIONPromotion of Music Vision includes both

online and offline strategies. Online strategies include search engine

optimization, banner ads, viral marketing, strategic partnership and affiliate marketing.

Offline strategies include print, outdoor advertising and television.

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SWOT ANALYSISSTRENGTHSLuxury of hearing and enjoying music on

move100% u.v protectionStyle, status, fashionWEAKNESSESPrice is highNo place for rural people

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SWOT ANALYSISOPPORTUNITIESUnique in itself and it is a breakthrough

revolution

THREATSCan be easily copied by other gigantic

companies like Ray-Ban, Polaroid, Fastrack

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