Evaluation of New Product Development (NPD) Practice in Apple Inc.
VerifiedAdded on  2023/04/07
|5
|906
|214
Report
AI Summary
This report evaluates Apple Inc.'s New Product Development (NPD) practices, highlighting the company's strategic use of product placement, positive media buzz, and a Unique Value Proposition (UVP) to maintain a competitive advantage. It emphasizes the importance of understanding customer needs, market share, and the competitive environment in the NPD process. The report outlines an eight-step NPD framework, including idea generation, product development, and test marketing. Recommendations for Apple include addressing issues in rapid product innovation, automating production, and fostering strong distributor relationships. The analysis concludes that by leveraging strengths and addressing weaknesses, Apple can enhance its market position and continue to meet customer demands effectively. Desklib provides access to similar solved assignments and resources for students.
1 out of 5