New product launch strategy - Marketing
Timeline
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January 8, 2025Experience start
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April 5, 2025Experience end
Categories
Customer segmentation Market research Market expansion Product or service launch Product managementSkills
product management concept testing commercialization management new product development research brandingCollaborating in small groups, students will examine the development and management of building, measuring and sustaining a new product launch. Students will apply course concepts and theories to analyze product concept development, market testing and commercialization, and building and sustaining brand equity.
Students will prepare a detailed report with research, analysis, insights and recommendations on the proposed challenge or issues facing the nonprofit organization. Students will also develop and present a 10-15 minute presentation summarizing their final report.
Project timeline
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January 8, 2025Experience start
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April 5, 2025Experience end
Project Examples
The emphasis of these projects is for students to experience how product development and marketing theories and models are applied within workplace settings and/or address industry challenges. As a guide to consider what projects your organization would be interested in submitting, below are some examples of potential projects:
- Market research to identify target audience and market needs.
- Develop a unique selling proposition for a new product.
- A marketing plan with digital and traditional marketing strategies.
- Measure and analyze a marketing campaign's effectiveness using key performance indicators.
Community Partners must answer the following questions to submit a match request to this experience:
Will a mentor be able to commit to regularly meeting with student(s) and providing input and feedback for the duration of the project?
You agree to provide your team with mid-project and end-of-project feedback.
You agree to attend, in-person or virtually, a final presentation from students at the end of term.
Timeline
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January 8, 2025Experience start
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April 5, 2025Experience end