One of the most important issues facing marketing
managers today is the development and launch of successful new products.
Nowhere is this issue more relevant than in global markets. Given the nature
of the global economy, competitive advantage in today’s marketplace relies
on effective global product innovation and launch as a key to corporate
survival.
The challenge of developing and launching products
quickly, on a global basis, while staying ahead of the competition and
achieving rapid market penetration has marketing managers searching for
new ways of addressing these issues. For example, businesses not only need
to harness new technologies, but develop both cross-market and cross- industry
alliances to support global product development and launch. Issues of sequencing
roll-outs across the firms diverse units has become increasingly important.
Further, innovative organizational forms, such as born globals, has challenged,
to some degree, the central tenets, of our understanding of product launch
issues.
Although a great deal of research has been
conducted related to product innovation and management, and the management
of the launch of new products, only limited attention has been paid to
the issue of global product launch. As such, a wealth of areas remain unexplored
and ripe for theoretical development and empirical testing. For example,
areas in need of investigation include:
- Process innovations pertaining to global
product development and/or launch
- New methodologies for understanding global
product development and/or launch
- World product mandates and design/development
constraints
-Antecedents and consequences of sequential
versus simultaneous global launch
- Environmental (internal and external) influences
on global product innovation and/or launch
- Round-the-world, round-the-clock design
and development of world ready products
- Cross-market/cross-industry alliance issues
influencing effective global product innovation and/or launch
-Consumer responsiveness to world ready products
- Comparative market studies of global product
innovation and launch
In summary, global product innovation management
and launch presents numerous opportunities for global marketing researchers
to contribute to the marketing literature while simultaneously improving
practice.
David A. Griffith, Michigan State
University
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