New-Product Diffusion Models

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Springer Science & Business Media, Sep 30, 2000 - Business & Economics - 355 pages
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Product sales, especially for new products, are influenced by many factors. These factors are both internal and external to the selling organization, and are both controllable and uncontrollable. Due to the enormous complexity of such factors, it is not surprising that product failure rates are relatively high. Indeed, new product failure rates have variously been reported as between 40 and 90 percent.
Despite this multitude of factors, marketing researchers have not been deterred from developing and designing techniques to predict or explain the levels of new product sales over time. The proliferation of the internet, the necessity or developing a road map to plan the launch and exit times of various generations of a product, and the shortening of product life cycles are challenging firms to investigate market penetration, or innovation diffusion, models. These models not only provide information on new product sales over time but also provide insight on the speed with which a new product is being accepted by various buying groups, such as those identified as innovators, early adopters, early majority, late majority, and laggards.
New Product Diffusion Models aims to distill, synthesize, and integrate the best thinking that is currently available on the theory and practice of new product diffusion models. This state-of-the-art assessment includes contributions by individuals who have been at the forefront of developing and applying these models in industry. The book's twelve chapters are written by a combined total of thirty-two experts who together represent twenty-five different universities and other organizations in Australia, Europe, Hong Kong, Israel, and the United States. The book will be useful for researchers and students in marketing and technological forecasting, as well as those in other allied disciplines who study relevant aspects of innovation diffusion. Practitioners in high-tech and consumer durable industries should also gain new insights from New Product Diffusion Models.

The book is divided into five parts: I. Overview; II. Strategic, Global, and Digital Environments for Diffusion Analysis; III. Diffusion Models; IV. Estimation and V. Applications and Software. The final section includes a PC-based software program developed by Gary L. Lilien and Arvind Rangaswamy (1998) to implement the Bass diffusion model. A case on high-definition television is included to illustrate the various features of the software. A free, 15-day trial access period for the updated software can be downloaded from http://www.mktgeng.com/diffusionbook. Among the book's many highlights are chapters addressing the implications posed by the internet, globalization, and production policies upon diffusion of new products and technologies in the population.

  

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this book is use full business administration's students
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Contents

NewProduct Diffusion Models From Theory to Practice
3
Firm Strategy and Speed of Diffusion
27
Multimarket and Global Diffusion
49
Innovation Adoption AND Diffusion in the Digital Environment Some Research Opportunities
75
Modeling the MarketingMix Influence in NewProduct Diffusion
99
Diffusion Models with Replacement and Multiple Purchases
123
Growth Models for Multiproduct Interactions Current Status and New Directions
141
Dynamic Models Incorporating Competition
165
Estimation Techniques for Macro Diffusion Models
263
Diffusion Models Managerial Applications and Software
295
Software Tutorial for the Generalized Bass Model
313
Zenith HighDefinition Television HDTV Case
323
How we Obtained the Estimates in Tables 121 and 122
331
List of Contributors
337
About the Editors
339
Index
343

DisaggregateLevel Diffusion Models
207
Operations Planning in the Presence of Innovation Diffusion Dynamics
237

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About the author (2000)

Mahajan is a microfinance icon in India. The electrical engineer from IIT-Delhi and a post-grad from Princeton is a leading social entrepreneur, working for rural economic development since 1981. From setting up a nonprofit, Pradhan, to creating microfinance company Basix, Mahajan's mission is to promote rural livelihood to Indians who live on less than $2 a day. Basix is one of the first microfinance enterprises in the world to attract Indian and foreign debt and equity investments, providing livelihood to over 1.5 million customers. Mahajan's in-depth knowledge of the farm sector has made him a much sought-after adviser with the Planning Commission and many Indian states.