Posts Tagged ‘benchmarking’

Game-Changing Product Innovation

Wednesday, January 20th, 2010

Years ago I watched a film that documented how a new product developed.  The idea was to create a pre-packaged sandwich for quick and easy lunches.  As the idea made its way to the final product launch, it became something entirely different: a round tubular pretzel with a soft gooey interior – now a snack food instead of lunch.  What happened?  The existing machinery could not extrude and package a workable sandwich, so in effect, the machine forced them to create a “new product” rather similar (but with a new twist) to all the other products it was creating.  So much for the sandwich.

Something like this happens in the market research industry.  (more…)