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Need help with my Marketing question - I’m studying for my class.
What is the most important thing to consider in new product development? Why?
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Explanation & Answer
Attached.
Running head: NEW PRODUCT DEVELOPMENT
New Product Development
Student’s Name
Institutional Affiliation
1
NEW PRODUCT DEVELOPMENT
2
New Product Development
New product development involves the introduction of new products into the
marketplace. It is the lifeblood of a company due to the essential role it plays in fostering the
capacity of the organization to operate into the long term. Launching new products is, however,
never easy ...
axbfgnf
(45097)
Purdue University
Completion Status:
100%
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For Part II of the Team Project, your team MUST submit 15 – 20 slides of PowerPoint presentation that includes the follo ...
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For Part II of the Team Project, your team MUST submit 15 – 20 slides of PowerPoint presentation that includes the following: Minimum of FIVE detailed suggestions to overcome high attrition as it relates to your team’s specific issue Minimum of FIVE detailed suggestions to overcome low motivation as it relates to your team’s specific issue Carnival Cruise Line issues due to COVID-19 Retention and Motivation Plan Identify how beliefs, attitudes, and perceptions will impact this plan overall Identify how personalities, diversity, and gender will impact this plan overall Determine how the plan will be communicated within the organization Include a team-building activity that can help with motivating employees. Outline the purpose, steps within the activity, and the desired outcome(s). Team-building activities are often used within organizational training sessions to increase trust, stimulate communication, and encourage collaboration. One of the key elements of the training activity should be focused upon communication and determining common aspects of personality traits among participants and identifying ways to overcome barriers of differences within personalities.IssuesCarnival Cruise has been growing since 1972!Carnival Cruise line – “The World’s Most Popular Cruse Line”Millions of passengers each year.In late 2019 and early 2020, a terrible virus emerged (known as COVID-19).Cruise ships are shut down.Unemployment on the rise.Cruise ship stocks down as much as 70%No business.Employees becoming disgruntle.Excess of food on cruise ship going to go badExcess of food on cruise ship going to go badThe PowerPoint presentation will need to be between 15-20 slides. The team-building activity can be addressed within the PowerPoint, however the detailed outline of the activity will be submitted separately as a Word document, minimum of one page.You MUST use the notes section within each slide to further expand on your bulletin points and a minimum of THREE references to support your claims, thoughts, and statements
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Conch Republic Electronics, Part 1Conch Republic Electronics is a midsized electronics manufacturer located in Key West, Florida. The company president is Shelley Couts, who inherited the company. When it was founded over 70 years ago, the company originally repaired radios and other household appliances. Over the years, the company expanded into manufacturing and is now a reputable manufacturer of various electronic items. Jay McCanless, a recent MBA graduate, has been hired by the company’s finance department.One of the major revenue-producing items manufactured by Conch Republic is a smartphone. Conch Republic currently has one smartphone model on the market, and sales have been excellent. The smartphone is a unique item in that it comes in a variety of tropical colors and is preprogrammed to play Jimmy Buffett music. However, as with any electronic item, technology changes rapidly, and the current smartphone has limited features in comparison with newer models. Conch Republic spent $750,000 to develop a prototype for a new smartphone that has all the features of the existing smartphone but adds new features such as WiFi tethering. The company has spent a further $200,000 for a marketing study to determine the expected sales figures for the new smartphone.Conch Republic can manufacture the new smartphones for $220 each in variable costs. Fixed costs for the operation are estimated to run $6.4 million per year. The estimated sales volume is 155,000, 165,000, 125,000, 95,000, and 75,000 per year for the next five years, respectively. The unit price of the new smartphone will be $535. The necessary equipment can be purchased for $43.5 million and will be depreciated on a seven-year MACRS schedule. It is believed the value of the equipment in five years will be $6.5 million.As previously stated, Conch Republic currently manufactures a smartphone. Production of the existing model is expected to be terminated in two years. If Conch Republic does not introduce the new smartphone, sales will be 95,000 units and 65,000 units for the next two years, respectively. The price of the existing smartphone is $385 per unit, with variable costs of $145 each and fixed costs of $4.3 million per year. If Conch Republic does introduce the new smartphone, sales of the existing smartphone will fall by 30,000 units per year, and the price of the existing units will have to be lowered to $215 each. Net working capital for the smartphones will be 20 percent of sales and will occur with the timing of the cash flows for the year; for example, there is no initial outlay for NWC, but changes in NWC will first occur in Year 1 with the first year’s sales. Conch Republic has a 21 percent corporate tax rate and a required return of 12 percent.Shelley has asked Jay to prepare a report that answers the following questions.QUESTIONS1.What is the payback period of the project?2.What is the profitability index of the project?3.What is the IRR of the project?4.What is the NPV of the project?
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Use this document as the template for your action plan. It includes questions to consider and reflect upon before addressing each element of the plan.Suggested ResourceThe following optional resource is provided to support you in completing the assessment or to provide a helpful context. Click the link provided to open the resource.FlexPath Resources. Review FlexPath resources on Campus to identify those you think might be most helpful to you.Assessment InstructionsFlexPath Action PlanWhat's your plan? The beginning of a degree program is full of excitement about new beginnings as well as future possibilities. Completing this assessment will help you channel that excitement and vision of possibilities into a concrete plan of action. Creating an action plan is a great way to help clarify your goals and plans and to begin transforming your aspirations into reality.Although the preparation and directions listed below are specific to this assessment, the process they lead you through is similar to what you will do in every FlexPath academic course.PreparationTo prepare for this assessment:Review the FlexPath Action Plan Scoring Guide (located just below the Directions) to see the criteria by which this assessment will be evaluated.Review the FlexPath Action Plan template linked in the Resources (located in the above section).Estimate the time it will take you to complete your plan and then set your target date. Remember that you should plan to submit the assessment no later than the Tuesday prior to the date your first academic course starts.Give yourself plenty of time to thoughtfully consider the questions it poses and summarize your responses. Although you will submit the action plan for evaluation in this practice course, remember that you are creating the plan to use as you begin your first academic course. The more you put into it, the more useful it will be.DirectionsStep 1: Complete the Assessment.Open the FlexPath Action Plan template, linked in the Resources section.Use the template to format your assessment. Type your responses within the spaces provided in the template.Save your work as a Word document using the file naming conventions listed in the Assessments Attempt tab.Step 2: Review your work.Review your work before submitting the plan. Do you see anything you want to change or add? Is the grammar and spelling correct? Revise the plan until you are satisfied with it and review the FlexPath Action Plan Scoring Guide again to ensure you have met the criteria.Step 3: Submit your assessment.Attach your Word document to this assessment and submit it. To do that, complete the following:Click the Submit Assessment button located at the bottom of this page.Click on Submit Assessment (Attempt 1).In the assessment area, click Browse My Computer to locate and attach your document to this assessment.Click Submit.Step 4: Review your feedback.Your facilitator will evaluate your plan according to the scoring guide and return it within two business days for you to review. You will see an alert on your Campus dashboard when your assessment has been reviewed by the facilitator. To see the facilitator feedback, complete the following:Click on the Assessment 1 tab.Click on the Attempt tab to view your feedback.Step 5: Complete this course.If you have demonstrated sufficient performance, select Complete This Course in the left navigation menu of the courseroom. Click the blue Complete This Courseto complete this practice course. This button will activate upon completing the assessment and checking your feedback.Congratulations, and welcome to FlexPath!Additional RequirementsFormat: Use the FlexPath Action Plan template to format your assessment. Type your entries using double-spaced paragraphs in Times New Roman, 12-point font.Written communication: Communication should be free of errors that detract from the overall message.Writing style: Expectations for scholarly writing include the use of third-person narrative, unless it is awkward to do so. Because you are talking about yourself in this assessment, you may write in the first person.FlexPath Action Plan Scoring GuideVIEW SCORING GUIDEUse the scoring guide to enhance your learning.How to use the scoring guide
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MGT 468 Grantham Week 5 High Attrition and Low Motivation in Carnival Cruise Line PPT
For Part II of the Team Project, your team MUST submit 15 – 20 slides of PowerPoint presentation that includes the follo ...
MGT 468 Grantham Week 5 High Attrition and Low Motivation in Carnival Cruise Line PPT
For Part II of the Team Project, your team MUST submit 15 – 20 slides of PowerPoint presentation that includes the following: Minimum of FIVE detailed suggestions to overcome high attrition as it relates to your team’s specific issue Minimum of FIVE detailed suggestions to overcome low motivation as it relates to your team’s specific issue Carnival Cruise Line issues due to COVID-19 Retention and Motivation Plan Identify how beliefs, attitudes, and perceptions will impact this plan overall Identify how personalities, diversity, and gender will impact this plan overall Determine how the plan will be communicated within the organization Include a team-building activity that can help with motivating employees. Outline the purpose, steps within the activity, and the desired outcome(s). Team-building activities are often used within organizational training sessions to increase trust, stimulate communication, and encourage collaboration. One of the key elements of the training activity should be focused upon communication and determining common aspects of personality traits among participants and identifying ways to overcome barriers of differences within personalities.IssuesCarnival Cruise has been growing since 1972!Carnival Cruise line – “The World’s Most Popular Cruse Line”Millions of passengers each year.In late 2019 and early 2020, a terrible virus emerged (known as COVID-19).Cruise ships are shut down.Unemployment on the rise.Cruise ship stocks down as much as 70%No business.Employees becoming disgruntle.Excess of food on cruise ship going to go badExcess of food on cruise ship going to go badThe PowerPoint presentation will need to be between 15-20 slides. The team-building activity can be addressed within the PowerPoint, however the detailed outline of the activity will be submitted separately as a Word document, minimum of one page.You MUST use the notes section within each slide to further expand on your bulletin points and a minimum of THREE references to support your claims, thoughts, and statements
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Conch Republic Electronics, Part 1Conch Republic Electronics is a midsized electronics manufacturer located in Key West, F ...
Deep Muscle Therapy School Financial Management Case Study
Conch Republic Electronics, Part 1Conch Republic Electronics is a midsized electronics manufacturer located in Key West, Florida. The company president is Shelley Couts, who inherited the company. When it was founded over 70 years ago, the company originally repaired radios and other household appliances. Over the years, the company expanded into manufacturing and is now a reputable manufacturer of various electronic items. Jay McCanless, a recent MBA graduate, has been hired by the company’s finance department.One of the major revenue-producing items manufactured by Conch Republic is a smartphone. Conch Republic currently has one smartphone model on the market, and sales have been excellent. The smartphone is a unique item in that it comes in a variety of tropical colors and is preprogrammed to play Jimmy Buffett music. However, as with any electronic item, technology changes rapidly, and the current smartphone has limited features in comparison with newer models. Conch Republic spent $750,000 to develop a prototype for a new smartphone that has all the features of the existing smartphone but adds new features such as WiFi tethering. The company has spent a further $200,000 for a marketing study to determine the expected sales figures for the new smartphone.Conch Republic can manufacture the new smartphones for $220 each in variable costs. Fixed costs for the operation are estimated to run $6.4 million per year. The estimated sales volume is 155,000, 165,000, 125,000, 95,000, and 75,000 per year for the next five years, respectively. The unit price of the new smartphone will be $535. The necessary equipment can be purchased for $43.5 million and will be depreciated on a seven-year MACRS schedule. It is believed the value of the equipment in five years will be $6.5 million.As previously stated, Conch Republic currently manufactures a smartphone. Production of the existing model is expected to be terminated in two years. If Conch Republic does not introduce the new smartphone, sales will be 95,000 units and 65,000 units for the next two years, respectively. The price of the existing smartphone is $385 per unit, with variable costs of $145 each and fixed costs of $4.3 million per year. If Conch Republic does introduce the new smartphone, sales of the existing smartphone will fall by 30,000 units per year, and the price of the existing units will have to be lowered to $215 each. Net working capital for the smartphones will be 20 percent of sales and will occur with the timing of the cash flows for the year; for example, there is no initial outlay for NWC, but changes in NWC will first occur in Year 1 with the first year’s sales. Conch Republic has a 21 percent corporate tax rate and a required return of 12 percent.Shelley has asked Jay to prepare a report that answers the following questions.QUESTIONS1.What is the payback period of the project?2.What is the profitability index of the project?3.What is the IRR of the project?4.What is the NPV of the project?
Capella University Action Plan Essay
If you need some help, this video demonstrates how to use this page.Develop an action plan reflecting on what you have lea ...
Capella University Action Plan Essay
If you need some help, this video demonstrates how to use this page.Develop an action plan reflecting on what you have learned so far during orientation and detailing plans to successfully complete your first FlexPath academic course.The ability to plan and implement strategies to schedule and successfully complete FlexPath course work is an important step in becoming a successful FlexPath learner.By successfully completing this assessment, you will demonstrate proficiency in the following course competency and assessment criteria:Competency: Develop an action plan detailing strategies to schedule and successfully complete FlexPath courses. Develop an action plan detailing strategies to schedule and successfully complete FlexPath course work based on an exploration of individual strengths, challenges presented by a new educational model, scheduling demands, and available sources of support.Toggle DrawerContextAs a FlexPath learner at Capella, you are embarking on an educational experience that will require you to stretch in new and exciting ways. You will be developing the knowledge that is important in your chosen field as well as the ability to transform your developing knowledge into effective, real-world skills and action. And you will be doing this in an educational model that gives you more independence and requires more self-direction than you may have previously experienced.Given these opportunities and challenges, now is a good time to reflect on what will be asked of you and take stock of the skills that you will use to be successful. Creating an action plan will help you commit to making FlexPath course work a priority in your busy life, identify skills to begin working on, and find the resources and support you'll need to succeed.Toggle DrawerResourcesRequired ResourceThe following resource is required to complete the assessment. Click the link provided to open the resource.FlexPath Action Plan.
Use this document as the template for your action plan. It includes questions to consider and reflect upon before addressing each element of the plan.Suggested ResourceThe following optional resource is provided to support you in completing the assessment or to provide a helpful context. Click the link provided to open the resource.FlexPath Resources. Review FlexPath resources on Campus to identify those you think might be most helpful to you.Assessment InstructionsFlexPath Action PlanWhat's your plan? The beginning of a degree program is full of excitement about new beginnings as well as future possibilities. Completing this assessment will help you channel that excitement and vision of possibilities into a concrete plan of action. Creating an action plan is a great way to help clarify your goals and plans and to begin transforming your aspirations into reality.Although the preparation and directions listed below are specific to this assessment, the process they lead you through is similar to what you will do in every FlexPath academic course.PreparationTo prepare for this assessment:Review the FlexPath Action Plan Scoring Guide (located just below the Directions) to see the criteria by which this assessment will be evaluated.Review the FlexPath Action Plan template linked in the Resources (located in the above section).Estimate the time it will take you to complete your plan and then set your target date. Remember that you should plan to submit the assessment no later than the Tuesday prior to the date your first academic course starts.Give yourself plenty of time to thoughtfully consider the questions it poses and summarize your responses. Although you will submit the action plan for evaluation in this practice course, remember that you are creating the plan to use as you begin your first academic course. The more you put into it, the more useful it will be.DirectionsStep 1: Complete the Assessment.Open the FlexPath Action Plan template, linked in the Resources section.Use the template to format your assessment. Type your responses within the spaces provided in the template.Save your work as a Word document using the file naming conventions listed in the Assessments Attempt tab.Step 2: Review your work.Review your work before submitting the plan. Do you see anything you want to change or add? Is the grammar and spelling correct? Revise the plan until you are satisfied with it and review the FlexPath Action Plan Scoring Guide again to ensure you have met the criteria.Step 3: Submit your assessment.Attach your Word document to this assessment and submit it. To do that, complete the following:Click the Submit Assessment button located at the bottom of this page.Click on Submit Assessment (Attempt 1).In the assessment area, click Browse My Computer to locate and attach your document to this assessment.Click Submit.Step 4: Review your feedback.Your facilitator will evaluate your plan according to the scoring guide and return it within two business days for you to review. You will see an alert on your Campus dashboard when your assessment has been reviewed by the facilitator. To see the facilitator feedback, complete the following:Click on the Assessment 1 tab.Click on the Attempt tab to view your feedback.Step 5: Complete this course.If you have demonstrated sufficient performance, select Complete This Course in the left navigation menu of the courseroom. Click the blue Complete This Courseto complete this practice course. This button will activate upon completing the assessment and checking your feedback.Congratulations, and welcome to FlexPath!Additional RequirementsFormat: Use the FlexPath Action Plan template to format your assessment. Type your entries using double-spaced paragraphs in Times New Roman, 12-point font.Written communication: Communication should be free of errors that detract from the overall message.Writing style: Expectations for scholarly writing include the use of third-person narrative, unless it is awkward to do so. Because you are talking about yourself in this assessment, you may write in the first person.FlexPath Action Plan Scoring GuideVIEW SCORING GUIDEUse the scoring guide to enhance your learning.How to use the scoring guide
Business and finance: Which of these costs are variable?
1. Three costs incurred by Pitt Company are summarized below: 1,000 units & ...
Business and finance: Which of these costs are variable?
1. Three costs incurred by Pitt Company are summarized below: 1,000 units 2,000 unitsCost A $10,000 $15,000Cost B $21,000 $21,000Cost C $16,000 $32,000Which of these costs are variable?
University of Arizona Project Closure and Lessons Learned Process Paper
For this assignment, you need write a three page paper describing the key elements of the project closure and lessons lear ...
University of Arizona Project Closure and Lessons Learned Process Paper
For this assignment, you need write a three page paper describing the key elements of the project closure and lessons learned process. In order to do well on the this paper, you need to provide not only an overview of the key elements of the closure process, but you need to address why these elements are important and necessary, and you should also speak to how the main elements should be completed. Within the content of your writing on project closure, you should provide information on how one should conduct a lessons learned, who should be involved, how information might be gathered, and how the results can and should be used in a consistent manner.Paper should be no less than 3 pages and no more than 4 pages in length.
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