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 PRESENTED BY :


    ISTIAK RAYHAN
    ADNAN AHMED
    ABUL HASNAT
    ABU SAYED EMON
    SAYEM IBN KASHEM
FINDING THE PEOPLE:
LUX hires the people with diverse experience , great
  enthusiasm for making new product . It also uses their
  own stuff for this purpose.

ACTIVITIES :
   Management provides the main concept .
   LUX management system arranges the training program
    for the creative people for making them more productive.
   Special treatment for example .
RESULT :
Company gets several ideas in order to find a good ones
After the firm identifies potential products , it must
  screen them. Company wants to go ahead with the
  product idea that will turn into profitable product.
 We choose 64 idea for screening to find out good
  ones.
 Company wants to go ahead only with the product
  ideas that turn into profitable products.
 All idea will be reviewed by a new product
  committee.
CONCEPT DEVELOPMENT :
    Consumer want a product which can protect skin from
    sun rays and wash our face.
   It could have both features of SUNBLOCK and SUNWASH
   Our scientist discovered a new chemical mixing to cleanse
    , refresh and purify oil skin.

CONCEPT TESTING :
We test our new product concept with a group of young consumer to
   find out consumer appeal by asking them some question about
   concept. We have got a
strong consumer appeal.
FIRST PART :
   Target Market is urban, sub urban upper middle and middle class people.
   It will be positioned through better product attributes , price and quality .
   The company will aim to sell 10 lacks for first year and a profit of 1 core tk.
SECOND PART:
 SUNWASH will sell retail price of 120 Tk with 15% off the list price to dealers.
 Dealers who sell more than 10000 products will get an additional discount of 5 %
  on each .
 An advertising budget of 3 lacks taka will be split for local advertising.

THIRD PART:
   Company intends to capture 5% share of the total markets.
   Advertising budget will be raised each year about 10%.
   Price will be raised in 2nd and 3rd years.
 Sun block and face wash has a good demand
  in market . Our new product is the
  combination of both. As a result it will sell
  more then sun block or face wash.
 To produce a single product company’s cost
  will be 70 Tk and company sell it to the
  whole seller at 80 tk. Its retail price is 120 tk.
  (Where sunblock+facewash is 150 tk )
SUNWASH(sun block + facewash)
Our R&D develops the product concept into a
 physical product which name is SUNWASH.It has
 both qualities of sun block and facewash. As a sun
 block it helps to protect skin from UV rays and
 cleanse our skin from dust and provide elastic
 feelings.
Our marketing strategy is promote the new and
 unique product under UNILEVER, under the brand
 name of LUX.
 Company provides sample to a group of
  consumer and ask the reasons for their
  purchase or non-purchase.
 After few weeks company also takes the
  feedback of consumer by phone to
  determine product attitudes , usage and
  satisfaction.
 Company get positive feedback about the
  new product.
 SUNWASH will be marketed in this
  summer
 We have decided to launch this product
  firstly in the local (Dhaka) market.
 Our main target is Younger people.
 Company will introduce this product
  through advertising and sales
  promotion.
Made By :
Istiak Rayhan
International Islamic University Chittagong .

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New product development 23

  • 1.  PRESENTED BY : ISTIAK RAYHAN ADNAN AHMED ABUL HASNAT ABU SAYED EMON SAYEM IBN KASHEM
  • 2. FINDING THE PEOPLE: LUX hires the people with diverse experience , great enthusiasm for making new product . It also uses their own stuff for this purpose. ACTIVITIES :  Management provides the main concept .  LUX management system arranges the training program for the creative people for making them more productive.  Special treatment for example . RESULT : Company gets several ideas in order to find a good ones
  • 3. After the firm identifies potential products , it must screen them. Company wants to go ahead with the product idea that will turn into profitable product.  We choose 64 idea for screening to find out good ones.  Company wants to go ahead only with the product ideas that turn into profitable products.  All idea will be reviewed by a new product committee.
  • 4. CONCEPT DEVELOPMENT :  Consumer want a product which can protect skin from sun rays and wash our face.  It could have both features of SUNBLOCK and SUNWASH  Our scientist discovered a new chemical mixing to cleanse , refresh and purify oil skin. CONCEPT TESTING : We test our new product concept with a group of young consumer to find out consumer appeal by asking them some question about concept. We have got a strong consumer appeal.
  • 5. FIRST PART :  Target Market is urban, sub urban upper middle and middle class people.  It will be positioned through better product attributes , price and quality .  The company will aim to sell 10 lacks for first year and a profit of 1 core tk. SECOND PART:  SUNWASH will sell retail price of 120 Tk with 15% off the list price to dealers.  Dealers who sell more than 10000 products will get an additional discount of 5 % on each .  An advertising budget of 3 lacks taka will be split for local advertising. THIRD PART:  Company intends to capture 5% share of the total markets.  Advertising budget will be raised each year about 10%.  Price will be raised in 2nd and 3rd years.
  • 6.  Sun block and face wash has a good demand in market . Our new product is the combination of both. As a result it will sell more then sun block or face wash.  To produce a single product company’s cost will be 70 Tk and company sell it to the whole seller at 80 tk. Its retail price is 120 tk. (Where sunblock+facewash is 150 tk )
  • 7. SUNWASH(sun block + facewash) Our R&D develops the product concept into a physical product which name is SUNWASH.It has both qualities of sun block and facewash. As a sun block it helps to protect skin from UV rays and cleanse our skin from dust and provide elastic feelings. Our marketing strategy is promote the new and unique product under UNILEVER, under the brand name of LUX.
  • 8.  Company provides sample to a group of consumer and ask the reasons for their purchase or non-purchase.  After few weeks company also takes the feedback of consumer by phone to determine product attitudes , usage and satisfaction.  Company get positive feedback about the new product.
  • 9.  SUNWASH will be marketed in this summer  We have decided to launch this product firstly in the local (Dhaka) market.  Our main target is Younger people.  Company will introduce this product through advertising and sales promotion.
  • 10.
  • 11. Made By : Istiak Rayhan International Islamic University Chittagong .