Showing posts with label product development. Show all posts
Showing posts with label product development. Show all posts

Tuesday, June 2, 2009

Your flagship product

What's a flagship product?

A flagship product is a product or service that you and your business becomes identified with. It's something that communicates a concept or a solution that people automatically and favorably associate with you.

What a flagship product does is give you and your business instant credibility. When people purchase your flagship product, they are more likely to buy other products and services from you.

A flagship product should have the following characteristics:

Sunday, April 26, 2009

Backlash: How Early Adopters React When the Mass Market Embraces a New Brand


A well-established principle of product development holds that a small group of early adopters can spur mass-market acceptance of a new product. What is less well understood is how those early adopters react when that product or its brand is accepted by the mass market. As Wharton marketing professors David Reibstein and John Zhang explain in this video, the company could experience a backlash as early adopters move on to other new products. A case in point: Porsche saw a decline in sports car sales after it entered the SUV mass market. Research by Reibstein and Zhang discusses reasons for the backlash and suggests a strategy for dealing with it.

http://knowledge.wharton.upenn.edu/article/2189.cfm