Market‐oriented new product development

Helle Alsted Søndergaard

European Journal of Innovation Management, 2005, vol. 8, issue 1, 79-90

Abstract: Purpose - Aims to ascertain whether a well‐known theory within consumer research – a means‐end chain (MEC) – can be used as a catalyst to achieve market oriented product development. Design/methodology/approach - Describes a case study, involving a Danish food manufacturer, where a MEC approach was introduced to a cross‐functional development team at two different stages of the development process. Findings - Results show that MEC data is perceived as a good way of gaining knowledge about consumers; that the information serves well as the basis of discussions and for keeping project goals fixed. The results also indicate that MEC data are most valuable to the team in the early stages of the development process and that lack of a learning orientation may inhibit the effects of a MEC approach. Originality/value - The MEC approach shows clear advantages for market oriented product development.

Keywords: Product development; Market orientation; Consumer research (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:eme:ejimpp:14601060510578583

DOI: 10.1108/14601060510578583

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