IDEMC6: New Product Marketing

Date
18 and 19 October 2017
Group size
10-16 participants
Location
Industrial Design Engineering, TU Delft
Deadline
9 October 2017

Curriculum


This Master Class addresses the success and failure factors in new product development (NPD) with a special focus on the role of marketing. The interactive blend of theory and practice introduces participants to NPD topics including product innovation, new product failure scenarios, best practices for launching new products, and provides hands-on experience on how to build a product and brand portfolio that is balanced and strategically aligned. The Master Class uses case studies drawn from recent innovative product introductions.

Learning Objectives

During this master class you will:

  • understand why some new products succeed while others fail;
  • benchmark your own NPD process with best practices from other firms;
  • critically reflect on marketing aspects like brand extensions, co-branding, pre-announcements, how to deal with new product rumours and many other;
  • understand how to use social media to market new products successfully.

Content

  • Market acceptance of individual new products.
  • Holistic perspective on a company's complete innovation portfolio.
  • Decision processes used to develop a balanced and strategically aligned NPD portfolio.

Speaker

Programme

9:00Registration and welcome drinks
9:30Session 1: Setting the context for New Product Marketing (Erik Jan Hultink)
Introduction of lecturer and his background & experiences. Discussion of importance and risks of new product introductions. All new products are new but some products are newer than others. Minor versus major new products. Marketing challenges.
11:00Break
11:30Session 2: Success & Failure in Marketing New Products (Erik Jan Hultink)
Discussion of success factors and failure scenarios in new product development.  New product failures. What went wrong and who is to blame? The role of branding in new product innovation.
13:00Lunch
14:00Session 3: The Importance of an Effective Launch Strategy
Launch strategies and launch tactics. The role of rumors and social media.
15:30Break
16:00Session 4: New Service Innovation and Marketing
Interactive session on new service development. A case study. Takeaways from case.
Till 17:30
9:00Session 1: Introduction to Co-creation (Martijn Pater, Fronteer Strategy)
Different forms of co-creation. Which stakeholders to involve within the innovation process.
11:00Break  
11:30Session 2: Case on Co-creation (Martijn Pater, Fronteer Strategy)
Key lessons learned on Co-creation. Takeaways on co-creation.
13:00Lunch
14:00Session 3: Introduction to Portfolio Management (Erik Jan Hultink)
Introduction. Case “Le Petit Chef”. Discussion and takeaways from case.
15:30Break
16:00Session 4 (Erik Jan Hultink)
Wrap-up Portfolio Management. Takeaways on new product marketing.
17:00Wrap-up
Till 17:30

Participant

"Interesting to learn, share and discuss with soul mates from similar companies."

Participant

"I could pick up topics that I have missed during my studies at IDE, but now need in my career."

Practical Information


How to prepare?
One week before the course, you will receive a homework assignment to get prepared for the master class. Furthermore, it can be useful if you think of a case from your design practice to bring to the course.

Books and materials
At the end of the course, you will also receive literature on the relevant topic (book and/or reader). Handouts of the IDE Master Class will be provided with space for personal notes. All materials provided are included in the course fee.

After the course
Two months after the course a preset consultation timeslot will be offered to all participants to share experiences and consult the Master.

Costs Master Class

€ 950standard
€ 850for members of BNO, KIVI IO, Design Management Network, HumanFactorsNL
€ 750for IDE alumni
Lunch and drinks are included, prices are free from VAT