Applications of the Scientific Method Assignment - 1

Applications of the Scientific Method - Assignment Examples, a moving in introducing its product to the market for the first time need to develop passion and care of the customers feelings with a supererogatory focus on the anticipated value and benefits. This special focuses will help the challenger build up a strong foundation that will later become the competitive edge and assure the competitor of continued survivor. A number of stairs have been used in decision making and information input, more so when it comes to the successful developments of new products as discussed here below (Mital, 2008).The first step is to evaluate whether the product to be designed fits in the mission, vision, and overall strategy of the business. To get this information, brainstorming is done internally with the conclusions to be done by the purchasing personnel. The information can also be sought extraneously through an external market research where thirdhand research and competitor analysis ar e done. Second is the screening of ideas which later paves way for the initial design of the idea by the development teams (Mital, 2008). The third step will be the formulation of a marketing plan where market researcher may go a step further to seek external input and also come across the real products in addition to other various elements of the product including pricing, optioning, and advertising (Fleisher, & Bensoussan, 2007).To come up with a consentaneous decision, a marketer may opt to observe the reactions of a customer before he even introduces his products to the market. Observing customers reactions will also provide key information related to understanding the product and estimated purchase prices as well as the value that the product has to its customers. If the feedback from the customer is negative, adjustments will be made without delay and if positive, the products will be ready to be launched (Fleisher, & Bensoussan, 2007). Lessons from concept testing and mark et testing will greatly help in the launching of the product.The best