Vision statement for new product development
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Presenting this set of slides with name Vision Statement For New Product Development. This is a four stage process. The stages in this process are Target Group, Needs, Product, Value. This is a completely editable PowerPoint presentation and is available for immediate download. Download now and impress your audience.
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Description:
The image is a PowerPoint slide titled "Vision Statement for New Product Development." It serves as a structured template for defining the vision of a new product by addressing four key areas: Target Group, Needs, Product, and Value.
1. Vision Statement:Â
Central to the diagram, this is likely where the overarching vision or goal for the new product is succinctly stated.
2. Target Group:Â
Identifies the intended customers, including their characteristics and roles, to tailor the product effectively to their needs.
3. Needs:Â
Lists the specific issues or requirements the product aims to address, highlighting how it will create value for the target group.
4. Product:Â
Describes the practical aspects of the product, such as its feasibility and the value it will provide.
5. Value:Â
Focuses on the competitive advantage the product offers, which could be innovation, cost-effectiveness, or superior performance.
Use Cases:
This slide is useful for a variety of industries that focus on product development and innovation:
1. Technology:
Use: Outlining new software or hardware offerings.
Presenter: Product Manager
Audience: Investors, internal development teams
2. Pharmaceuticals:
Use: Crafting vision for new drug development.
Presenter: Research & Development Lead
Audience: Stakeholders, research scientists
3. Automotive:
Use: Presenting the concept for a new vehicle model.
Presenter: Design Chief
Audience: Executives, engineering teams
4. Consumer Electronics:
Use: Defining the future of home or personal devices.
Presenter: Innovation Director
Audience: Marketing team, R&D department
5. Fashion:
Use: Setting the direction for a new clothing line.
Presenter: Creative Director
Audience: Designers, brand managers
6. Food and Beverages:
Use: Introducing a new food product or drink concept.
Presenter: Product Development Chef
Audience: Marketing specialists, culinary team
7. Financial Services:
Use: Planning a new financial product or service.
Presenter: Strategy Officer
Audience: Financial analysts, product development team
Vision statement for new product development with all 2 slides:
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