New Innovation Launch: Elements To Consider For Optimal Diffusion

dc.contributorAalto Universityen
dc.contributorAalto-yliopistofi
dc.contributor.advisorMikkonen, Ilona
dc.contributor.authorLehtinen, Eelis
dc.contributor.departmentMarkkinoinnin laitosfi
dc.contributor.schoolKauppakorkeakoulufi
dc.contributor.schoolSchool of Businessen
dc.date.accessioned2023-08-27T16:00:35Z
dc.date.available2023-08-27T16:00:35Z
dc.date.issued2022
dc.description.abstractInnovation is essential for the economy, society, and individual companies. Launching new and innovative products helps a company generate more profitable business and strengthen its position in the market. However, almost half of the new products introduced fail. Moreover, it seems to be even harder to launch more innovative products. Since launching an innovation is a complicated and multidimensional process, it is difficult to find universal tactics that would work in any environment and product. However, a few actions can be identified that seem beneficial for any company launching new products. Those actions are conducting market research, identifying key stakeholders, determining the target market, and considering economic conditions and seasonal effects when deciding on the launch timing. Overall, there are six topics, consisting of 19 sub-sections, identified from the literature on innovation launches. The six topics are 1) preparation, 2) positioning, 3) pricing, 4) timing, 5) distribution, and 6) promotion. The factors that define which tactics of the 19 sub-sections best benefit which companies depend, for example, on the industry, degree of innovativeness, target market, and type of the product in question. Therefore, it is a complicated task to decide how to implement the launch of a new innovation. However, being familiar with research findings on the topic helps to remember what elements to consider in the process.en
dc.format.extent27 + 9
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/122735
dc.identifier.urnURN:NBN:fi:aalto-202308275076
dc.language.isoenen
dc.programmeMarkkinointien
dc.subject.keywordinnovationen
dc.subject.keywordinnovation marketingen
dc.subject.keywordnew product launchen
dc.subject.keyworddiffusion of innovationsen
dc.titleNew Innovation Launch: Elements To Consider For Optimal Diffusionen
dc.typeG1 Kandidaatintyöfi
dc.type.ontasotBachelor's thesisen
dc.type.ontasotKandidaatintyöfi
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