Question: Some new products experts maintain that getting close to customers through intensive research is the only way to develop successful new products. Other experts disagree

Some new products experts maintain that getting close to customers through intensive research is the only way to develop successful new products. Other experts disagree and maintain that customers can't possibly provide useful feedback on what they don't know and can't provide insights that will lead to breakthrough products.
Consumer research is critical to new product development versus consumer research may not be all that helpful in new product development.

Step by Step Solution

3.37 Rating (172 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Pro Simply put launching new products costs companies a lot of money Some estimates are in the 100s ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

699-B-M-T-M-S (145).docx

120 KBs Word File

Students Have Also Explored These Related Marketing Questions!