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Applied Mini Case Augmented Product

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Applied mini case Augmented product and review questions

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2. When is it more appropriate to use a product manager than a marketing manager? When a company offers multiple products to a target market that is similar for each of it is products it is appropriate to use a product manager rather than a marketing manager. This is for example common in the consumer goods sector where companies offer multiple products. In this manner a certain product can be marketed the best way possible in a target market of which the company as a whole should have a high degree of knowledge about their customers’ needs and demands. A marketing manager is responsible for managing a particular group of customers a company is targeting. This is often the case when a company is targeting multiple customer segments at once, it might be active in a consumer market and a business market. This can be effective as the needs and demands of the segments will differ a great deal, and can be served best by appointing a manager for each particular class of customers.

5. Why is product development a cross-functional activity within an organization? That is why must finance, engineering, manufacturing and other functional areas be involved? Product development is a lengthy and often expensive process which has great effects on a company’s future, this alone is a good reason to have all functions involved in product development. Furthermore it is important because all of these functions have influence on the feasibility of the development of a product. The manufacturing department can assess whether there is enough capacity and manpower for introducing a new product to the marketplace, the finance department can identify if there are enough funds to develop a certain product. The marketing department should identify the potential of a certain product. All these combined functions

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