Saturday, 10 May 2014

Classifying new products: Types of Products: Six Kinds of Products

Six Kinds of Products

-By Booz, Allen and Hamilton (1982)
  1. New to the worlds (Totally new product like, evolution of mobile)
  2. New product line (mobile exiting now tablets)
  3. Addition to existing product line (mobile with flip )
  4. Improvement and revision to existing products ( mobile with new OS, or new features)
  5. Re positioning (Mobile phone for old age people: chocolate for old age people)
  6. Cost reductions (Now we offer our luxurious cell phone for common person ) 

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