Program Outline:

New Product Development

• NPD Definitions and Challenges
• NPD Objectives and Critical Success Factors
• NPD Reasons for Success and Failures
• NPD as a Key Marketing Strategy
• Assessing Commercial Viability

The New Product Development Process

• Idea Generation and Screening
• Concept Development and Testing
• Marketing Strategy
• Business Analysis
• Product Development
• Test Marketing
• Commercialization

The Product Life Cycle and New Product Launch

• Life Cycle Stages
• Product Life Cycle Strategies
• The Phase-Gate Process: Structuring the NPL
• The Boston Consulting Group Growth Matrix
• The Product Market Expansion Grid (A Portfolio Planning tool)

New Product Launch: Setting Up the Stage

• Things to Consider Prior to Product Launch
• The Launch Hurdles
• Planning Your Media Schedule and Costs
• Selecting the Launch Team
• Preparing the Product Launch Checklist and Toolkits
• Product Launch Strategies

New Product Launch: Full Engagement Launch

• Preparing the Press Kit Checklist
• Product Launch Marketing Budget Toolkit
• Preparing the Press Release
• The Product Launch Plan
• Product Overview Document
• SWOT Analysis, Graphic Chart, and the Creative Plan
• The Role of the Advertising Agency

The Scandinavian Academy for Training and Development employs modern methods in training and skills development, enhancing the efficiency of human resource development. We follow these practices:

• Theoretical Lectures: 
  • We deliver knowledge through advanced presentations such as PowerPoint and visual materials, including videos and short films.
• Scientific Assessment:
  • We evaluate trainees skills before and after the course to ensure their progress.
• Brainstorming and Interaction: 
  • We encourage active participation through brainstorming sessions and applying concepts through role play.
• Practical Cases:
  • We provide practical cases that align with the scientific content and the participants specific needs.
• Examinations: 
  • Tests are conducted at the end of the program to assess knowledge retention.
• Educational Materials:
  • We provide both printed and digital scientific and practical materials to participants.
• Attendance and Final Result Reports:
  • We prepare detailed attendance reports for participants and offer a comprehensive program evaluation.
• Professionals and Experts: 
  • The programs scientific content is prepared by the best professors and trainers in various fields.
• Professional Completion Certificate: 
  • Participants receive a professional completion certificate issued by the Scandinavian Academy for Training and Development in the Kingdom of Sweden, with the option for international authentication.
• Program Timings:
  • Training programs are held from 10:00 AM to 2:00 PM and include buffet sessions for light meals during lectures.

Program Objectives

By the end of the program, participants will be able to:

• Examine all aspects of the New Product Development (NPD) process, its importance, and factors influencing stages involved in successful NPD.
• Identify a variety of launch success factors that will improve launch process planning and execution.
• Suggest ways for companies to avoid launch ruts by adopting techniques that appeal to today’s consumers.
• Understand the importance of using media vehicles to ignite the product launch process and increase the viability of the new product.
• Prepare product launch checklists and budgets to overcome roadblocks and smoothen the launch process.

This Program is designed for :

All staff concerned with their organization’s growth and profitability. This could include Business Development Managers; Marketing; Sales Product and Brand Managers; R & D Managers and Personnel; Managing Directors and Directors over a wide range of business areas; and everyone involved in Strategy Planning. This program is worth 25 NASBA CPEs.