Current Developments in Marketing Strategy for New Product Diffusion in today’s global marketplace, no diffusion of new products is possible without innovative and dynamic marketing strategies; the norm of traditional models of product diffusion, whereby mainstream consumers emulate early adopters, is changing with increasing technological advancements, consumer expectations, and influence of the new digital platforms. Emerging trends of marketing strategy that accompany new product diffusion. This paper discusses how the use of new products is diffused based on an examination of leading trends in marketing strategy. Such factors as data analytics, media usage, and information flow through social media sites, and consumer-centric strategies into experience personalization outline the major trends adopted by companies that seek to hasten the pace of product adoption processes, enable market penetration, and meet the challenge of rapid changing customer demands in real time. Leveraging these new tools and tactics is what the companies, if strong enough, can do to improve their ability to promote as well as sustain more new products within the highly competitive environment of their business. This paper showcases why they have to adapt to emerging trends in marketing and elaborates on how companies can master navigating the problems of new product diffusion for a long-term success.

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Study on Emerging Marketing Strategy in New Product Diffusion

  • Prajwal Borkar,
  • Chetan Parlikar

摘要

Current Developments in Marketing Strategy for New Product Diffusion in today’s global marketplace, no diffusion of new products is possible without innovative and dynamic marketing strategies; the norm of traditional models of product diffusion, whereby mainstream consumers emulate early adopters, is changing with increasing technological advancements, consumer expectations, and influence of the new digital platforms. Emerging trends of marketing strategy that accompany new product diffusion. This paper discusses how the use of new products is diffused based on an examination of leading trends in marketing strategy. Such factors as data analytics, media usage, and information flow through social media sites, and consumer-centric strategies into experience personalization outline the major trends adopted by companies that seek to hasten the pace of product adoption processes, enable market penetration, and meet the challenge of rapid changing customer demands in real time. Leveraging these new tools and tactics is what the companies, if strong enough, can do to improve their ability to promote as well as sustain more new products within the highly competitive environment of their business. This paper showcases why they have to adapt to emerging trends in marketing and elaborates on how companies can master navigating the problems of new product diffusion for a long-term success.