Term Papers on Techsonic from Term Papers Lab.
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INTRODUCTION
After several new product failures, the company began using customer input to help develop new products. In 1989, the fishing electronics industry is experiencing a downturn, and the company's sales and profits are slipping. The company, which has one product line (depth sounders) and a strong brand (Hummingbird), has conducted substantial market research on three new products. These products are project 901, hummingbird VHF Radio, Locator/ GPS navigator. Of these, project 901 is an extension of the depth sounder product, while the other two would be new product lines for the company. Top management is deciding which one or more of the three new products it should proceed with. In this paper, I will discuss the positive and negative aspects of each product ideas and my recommendations to Techsonic management
New product ANALYSIS
Listening to customers is the foundation of techsonic corporate structure. As sich techsonic business strategy puts customer needs on top......
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Title: Techsonic
Approximate Word Count: 1664
Approximate Pages: 7 (250 words per double-spaced page)
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