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Marketing Innovation

This event is over.

In today's rapidly changing marketplace, innovation and product development are increasingly important.  Marketers in fact must find ways to develop innovative products faster and more efficiently than ever before.  Companies simply cannot afford to continue doing business as usual. We are in a either "evolve or die" world.  

This course will provide insights into the fundamental importance of how and why  developing Big Ideas is mission critical. It will also provide you with a methodology that will help turn your company into an idea-driven organization;  You will also learn how to uncover the new products ideas you need to fuel powerful new brand initiatives. In the end, participants taking this course will be able to fundamentally change the way their company does business...and they will leave with a powerful new tool that can refresh their brands turning them into market leaders.

Course participants will learn that the lifeblood of a marketing organization is learning how to understand what drives customer behavior and "What Job The Customer Seeks to Have Accomplished" and how your brand can satisfy that need.  By learning how to uncover what motivates the customer, will provide you and your team the insight you need to create positioning and utimately highly satisfied consumers. 

Because new product development is such a critical piece of the marketing mix, marketers must learn to stay current, relevant and competitive. They must also understand what it means to stay consumer focused, where Big Idea come from and how do you find one?  Many people believe big ideas are a matter of luck. In fact, they come out of a deep understanding of your brand and your brand's value to your customers.  You will learn all of this by taking this course.

Who Is This Course For?
Designed for executives in consumer products and services as well as BtoB companies, this course is highly beneficial for those who have the responsibility to grow their brands and/or launch new initiatives that can grow the overall business. This workshop is particularly valuable for marketers and managers looking to have a major impact on their businesses and wishing to gain greater insight into the methodology for developing new products, brand extensions, line extensions and new services.

Course Benefits

  • Gain an appreciation for the value of your brand and the impact growing brand equity can have on a compan.
  • Understand the necessity and importance of developing new products and services for your organization.
  • Learn the 7 Steps to developing new products and big ideas
  • Acquire the necessary tools and framework to implement a Big Idea team within your organization
  • Understand how to land on a Big Idea
  • Determine the dimensions of a Big Idea and the necessary discipline to bring it to market
  • Appreciate how to research, vet and sell-in new products to management as a first step to getting your idea into the marketplace
  • Learn how to develop a brand action audit for your Big Idea, to build a launch Plan and to get the resources you need to be successful

 

When
Begins:Tuesday, October 2, 2012 at 8:00am
Ends:Tuesday, October 2, 2012 at 5:00pm
Where

Charles Schwab
215 Fremont Street
San Francisco, CA 94104

Instructor: Bill Pearce

William “Bill” Pearce is on the Marketing Faculty of the Haas School of Business at the University of California.  Bill is also on the Advisory Boards of Technorati Media, Rich Relevance, Virtual Fan Network and several other firms in the area of Digital Marketing.  

Bill was previously Chief Marketing Officer for  Del Monte Foods leading at 3x increase in market capitalization by reinvigorating the topline with a marketing renaissance leading to Del Monte’s acquisition by KKR in 2011.  His past accomplishments include working as Taco Bell’s CMO, VP of Marketing for Campbell Soup and Marketing Director with Procter & Gamble responsible for the Snacks Division of the North America. 

Mr. Pearce has an MBA from Cornell University, Johnson School of Management and his BA in Economics from Syracuse University.

 
Agenda

 

 Learning Objective

In-Class Activity

8:30-10:00am Module 1:  Opportunity Identification

 

 

Role of Innovation and The Innovation Process

  • Course introduction and objectives.

Class overview, introductions and questions. 

Opportunity Identification

  • Understand how to evaluate attractiveness of markets. 
  • Identify and translate consumer insights into product improvement or development. 
  • Discover how companies can create uncontested markets that offer new value to customers.

Case:  Cirque du Soleil

Demand Domains

  • Understand the differences between wants and needs; features, advantages and benefits. 
  • Understand demand domains and its impact on innovation development.

Case:  Montague Corporation: Unfolding the Future in Cycling

10:15-12:00pm Module 2:  Idea Generation

 

 

Brand Strategy and Frameworks in New Product Design

  • Understand how your existing brand can be a platform for innovation. 
  • Understand the Brand Essence model and impact on innovation development.

Case: Dove: Evolution of a Brand

Ideation and Team Building

  • How to build and sustain an innovation culture. 
  • Discuss structured vs. free-form techniques.

Case:  Digital Chocolate

Lunch 12:00-1:00pm

 

 

1:00-3:00pm Module 3:  Design

 

 

The Design Process

  • Turning ideas into compelling benefits your product will provide to consumers and customers. 
  • Learn how to balance rational v. emotional brand traits.

Case:  Samsung Electronics: Innovation and Design Strategy

Conjoint Analysis and Consumer Insights:  How to design breakthrough ideas

  • Learn how to write clear concepts that accurately reflect a proposed products performance in an attempt to estimate potential.

Case:  Portland Trail Blazers

3:15-4:00pm Module 4:  Testing

 

 

Concept Testing and Pre-market forecasting

  • Understand how ideas are screened and qualified before significant investments in time or money.

Case:  TruEarth Healthy Foods: Market Research for a New Product Introduction

4:00-5:00pm Module 5: Commercialization

 

 

Challenges in marketing new products

  • Examine why innovative products more often than not struggle for awareness, trial and repeat. 

Case:  Fiat-Chrysler Alliance: Launching the Cinquecento in North America

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