Available Formats
Getting It Right the First Time: How Innovative Companies Anticipate Demand
By (Author) John Katsaros
By (author) Peter Christy
Bloomsbury Publishing PLC
Praeger Publishers Inc
28th February 2005
United States
Professional and Scholarly
Non Fiction
658.8
Hardback
176
Provides essential guidance for entrepreneurs, marketers, product developers, and business strategists There is no doubt that the pace of business has accelerated - products go from concept to release faster than ever, business partnerships and alliances are established (and dissolved) more quickly, competitors react more swiftly to any tilt in the playing field. Businesses will live or die by the degree to which they can anticipate demand for products and services. In Getting It Right the First Time, John Katsaros and Peter Christy argue that the most successful businesses will be those that accurately predict market conditions - especially the market changes that will occur within the crucial 18-to-36-month innovation window. Showcasing dozens of colourful examples of lucrative successes and missed opportunities (from high-tech to financial services to medical devices), the authors present a detailed plan for how companies can learn to: identify top customers in advance of entering the market, successfully position the company and its products to those customers, and catch emerging trends before competitors do. Eschewing traditional market research techniques - such as focus groups, polls, and surveys - Katsaros and Christy demonstrate how "expert interviews" with potential early adopters can help identify the function that customers most value and avoid costly trial-and-error. In a viciously competitive world, Getting It Right the First Time provides essential guidance for entrepreneurs, marketers, product developers, and business strategists, and offers new insight into the dynamics of innovation.; Challenges traditional approaches to market research and product development; Focuses on corporate growth and innovation in a hyper-speed world; Shows how to avoid mistakes and stay ahead of the competition; Provides engaging stories and analysis of business successes and failures
Silicon Valley-based dot-com consultants Katsaros and Christy describe how innovative companies anticipate demand, noting that many start-up companies are too engineer turned entrepreneur and overlook the importance of market research coupled with strategic planning. Arguing that market research in parallel with strategic planning is necessary for business success, they make a strong case for conducting comprehensive, quality research up front and integrating it into a company's strategic planning.[t]he book contains numerous examples of successful and missed opportunities from an array of companies, as well as a short recommended reading list. This volume will be useful for entrepreneurs and business leaders. Additionally, advanced business students and academicians will find its message interesting and informative. Recommended. Upper-division undergraduate through professional collections. * Choice *
New Markets, New Media Web Addendum [T]o be considered for public and academic library collections. To give your collection more depth.[r]ecommended. * LibraryJournal.com *
Getting It Right the First Time will interest anyone trying to bring a highly innovative product to market but will be of greatest interest to those in marketing. Although the examples in the book focus on the high-technology industry, the techniques will be useful in any highly innovative situation.[p]oints the way to getting a solid grasp on ill-defined and emerging markets. * The Journal of Product Innovation Management *
Business changes and influences are happening faster and faster, requiring the successful company to be more responsive and anticipatory than ever. For a guide which teaches managers and owners how to predict demand and handle it correctly, Getting It Right The First Time: How Innovative Companies Anticipate Demand is essential. Examples of real-life lucrative successes and missed opportunities alike offer lessons for all, and John Katsaros and Peter Christy have gathered a representative sampling of these case histories to work into a general company plan for marketing and advancement. Recommended for any entrepreneur interested in innovation. * Internet Bookwatch *
[G]etting It Right the First Time is useful for people who market high-tech or other truly innovative products. The authors give convincing reasons why it pays to include us in the development. They also show that we do have a market research approach that is likely to be worth more than it costs. Companies don't have to suffer so many expensive new product failures. We don't have to sit on the sidelines. * Marketing Management *
For entrepreneurs, marketers, product developers, and business strategists. * Reference & Research Book News *
JOHN KATSAROS is a principal of NetsEdge Research Group, a research and consulting company specializing in information technology that he founded with Peter Christy in 2001. PETER CHRISTY is a principal and co-founder of NetsEdge Research Group.