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Solutions    >    Business Issues    >  New Product Development
New Product Development

Strategic Planning
Successful innovation in today's crowded marketplace is challenging, to say the least. Generating insights from true consumer needs and optimizing new initiatives to uniquely meet those needs are critical steps in the new product development process. Making good decisions in strategic planning makes all the difference in whether your new product launch is destined to endure with consumers. The key issues range from idea generation to final marketing mix development:

  • Is there a "white space" opportunity to develop a new product in this category?
  • Which of our concepts should we prioritize for development, either regionally or globally?
  • How can we optimize our initiative and its marketing plan to increase the odds for consumer adoption?
  • How likely is my new product to endure beyond the first year?

 

 


 



Nielsen Can Help



BASES

BASES offers a range of capabilities to help you bring new products to market more successfully Find out more.



Retail Measurement

SCANTRACK data is the quickest and most efficient way to measure distribution build and can also highlight volumes attained and the effect your new brand has on your own or competitive brands. Find out more.



Analytic Consulting

Position your brand for future growth and determine the right pricing, promotions and portfolio mix, all with our modelling and advanced analytic services. Find out more.

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