Strategic Considerations To New Product Development(NPD) And Product Launch In Pakistan

The aim of the research was to understand what problems and considerations companies needed to take into account when launching new products in emerging markets, particularly by looking at the case of Pakistan. For this purpose semi-structured, in-depth interview approach was used with nine marketin...

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Main Author: Arif, Salman
Format: Dissertation (University of Nottingham only)
Language:English
Published: 2013
Subjects:
Online Access:https://eprints.nottingham.ac.uk/26695/
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author Arif, Salman
author_facet Arif, Salman
author_sort Arif, Salman
building Nottingham Research Data Repository
collection Online Access
description The aim of the research was to understand what problems and considerations companies needed to take into account when launching new products in emerging markets, particularly by looking at the case of Pakistan. For this purpose semi-structured, in-depth interview approach was used with nine marketing professionals from renowned multinational corporations and local firms based in Karachi, Pakistan. Based on these interviews, the author derived four main themes which address the research question. The author argues that that local firms and MNCs operating in Pakistan adopted a blend of various strategies when launching new products; with a majority of the strategies adopted by firms being in consensuses with the new product and launch literature, such as the Stage-Gate process. Moreover, the research also showed that during new product development firms faced numerous challenges, such as lack of R&D, corruption, lack of infrastructure, and so on. Furthermore, drivers behind successful launches were also identified. These included market size, market growth, market positioning, target strategy,competitors and firms commitment towards the new product. Lastly, it was found that firms in Pakistan adopted a wide product assortment and a strong branding strategy, along with incremental innovation in a launch of a new product.
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spelling nottingham-266952022-03-21T16:11:14Z https://eprints.nottingham.ac.uk/26695/ Strategic Considerations To New Product Development(NPD) And Product Launch In Pakistan Arif, Salman The aim of the research was to understand what problems and considerations companies needed to take into account when launching new products in emerging markets, particularly by looking at the case of Pakistan. For this purpose semi-structured, in-depth interview approach was used with nine marketing professionals from renowned multinational corporations and local firms based in Karachi, Pakistan. Based on these interviews, the author derived four main themes which address the research question. The author argues that that local firms and MNCs operating in Pakistan adopted a blend of various strategies when launching new products; with a majority of the strategies adopted by firms being in consensuses with the new product and launch literature, such as the Stage-Gate process. Moreover, the research also showed that during new product development firms faced numerous challenges, such as lack of R&D, corruption, lack of infrastructure, and so on. Furthermore, drivers behind successful launches were also identified. These included market size, market growth, market positioning, target strategy,competitors and firms commitment towards the new product. Lastly, it was found that firms in Pakistan adopted a wide product assortment and a strong branding strategy, along with incremental innovation in a launch of a new product. 2013-09-19 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/26695/1/Final.pdf Arif, Salman (2013) Strategic Considerations To New Product Development(NPD) And Product Launch In Pakistan. [Dissertation (University of Nottingham only)] (Unpublished) new product development launch strategies emerging markets launch strategies in Pakistan strategic launch decisions tactical launch decisions new product innovation strategy market challenges in Pakistan.
spellingShingle new product development
launch strategies
emerging markets
launch strategies in Pakistan
strategic launch decisions
tactical launch decisions
new product innovation strategy
market challenges in Pakistan.
Arif, Salman
Strategic Considerations To New Product Development(NPD) And Product Launch In Pakistan
title Strategic Considerations To New Product Development(NPD) And Product Launch In Pakistan
title_full Strategic Considerations To New Product Development(NPD) And Product Launch In Pakistan
title_fullStr Strategic Considerations To New Product Development(NPD) And Product Launch In Pakistan
title_full_unstemmed Strategic Considerations To New Product Development(NPD) And Product Launch In Pakistan
title_short Strategic Considerations To New Product Development(NPD) And Product Launch In Pakistan
title_sort strategic considerations to new product development(npd) and product launch in pakistan
topic new product development
launch strategies
emerging markets
launch strategies in Pakistan
strategic launch decisions
tactical launch decisions
new product innovation strategy
market challenges in Pakistan.
url https://eprints.nottingham.ac.uk/26695/