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The Marketing Imprint
Understanding Your Product's Lifecycle Really Matters February 2007

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Align Tactics & Investment With Your Product's Lifecycle

Is 99.9% Good Enough?


 

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Welcome to the Marketing Imprint. Consider INTAgLIO for:

  • Launching new products or services
  • Penetrating new markets
  • Better results from selling existing products and services to existing markets

  • Align Tactics & Investment With Your Product's Lifecycle
  • The time from concept to profit or from introduction to growth is directly related to the amount of learning required to use a product or service.

    Measure success based on your ability to meet short term milestones during the introductory stage. If a milestone is missed, everything else moves out because future success depends on early milestone attainment.

    Continually enhancing products and services and introducing next generation products proves staying power to those you want to influence.

    Having taught marketing concepts at Quinnipiac University and Albertus Magnus College, I appreciate the simplicity in which the authors of the linked article are able to relay product lifecycle concepts to you.

    Learn about the product life cycle
  • Is 99.9% Good Enough?
  • If so:

    • 880,000 credit cards will have incorrect info on their magnetic strips
    • 315 entries in Webster's Dictionary will be misspelled
    • $761,900 will be spent on defective tapes & CDs
    • 20,000 incorrect drug prescriptions will be written in the next 12 months
    • 3,056 copies of tomorrow's Wall Street Journal will be missing one of the three sections
    • 22,000 checks will be deducted from the wrong bank accounts in the next 60 minutes
    • 103,260 income tax returns will be processed incorrectly this year

    Data Quality: Data are of high quality "if they are fit for their intended uses in operations, decision making and planning" (J.M. Juran)

    Data Quality Articles and Books
    phone: 203-668-1172
     
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    The Product Lifecycle Review is an expert assessment of a product's or service's stage within its lifecycle. Then, you will be equipped to execute the right strategy based on what will work for a given stage.

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    Offer Expires: April 30, 2007
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