Avoiding Product Flops with Innovation Testing | Knowledge Partners | All MKC Content | ANA

Avoiding Product Flops with Innovation Testing

System1 emphasizes that despite big brand names, percent of new innovations fail. Common pitfalls include inadequate market research, misjudged pricing strategies, poor timing, and ineffective marketing. To mitigate these risks, they recommend an innovative approach: testing rooted in the “wisdom of the crowd” methodology.