New Product Development (Music Industry)
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Transcript of New Product Development (Music Industry)
Music Industry:stars, starlets and celebrities.
NPD project
by Aleksey Narko
Lifestyles & New Product Development
Products inspired by the category
„Shine bright like a
diamond!” Swarowski D: Light- L.E. Watch 18 carat of gold, 63000 zl worth
Hermes Orion luggage
Made of carbon and aluminium
Bulletproof
Lifestyles & New Product Development
Products cont.
Ray Ban Wayfarer
Simple, breathtaking design
Worn by Justin Timberlake, Katy
Perry and others
Gibson Les Paul Studio 2013
Thick tone and fire-breathing
output
Lifestyles & New Product Development
NPD of Red Bull
Why Red Bull???
-The most popular energy drink in
the world
-Brings energy
-Backstage product of Eminem,
Lady Gaga and others.
Lifestyles & New Product Development
Red Bull with Alcohol
Lifestyles & New Product Development
Strategy Formulation.
Defending the market share
Cash generator for the producer
Custom-based, exclusive drink
Target customer - music celebrities
Lifestyles & New Product Development
Idea generation
& Screening
Energy needs
Being different
Product Customized Client is a King!
Lifestyles & New Product Development
Business Analysis
Cost of one can:
20$ 0,33l; 25$ 0,5l
Low profitability at the
beginnig
Cash Generator-in the long
run
Lifestyles & New Product Development
Actual development
Safety tests
Mass market survey
Setting goals for sales and
profits
Government and
organizations’ approval
Lifestyles & New Product Development
Market Testing
Spreading a word
around
Testing by
ambassadors
Feedback
Developing the optimal
taste
Lifestyles & New Product Development
Commercialization
Product launch
Celebrity meeting places
Late entry
Continuous performance
checking
Lifestyles & New Product Development
Questions???
Thanks you for
attention!!!
Lifestyles & New Product Development