• DocumentCode
    1852580
  • Title

    Who is going to buy the darn thing? [marketing]

  • Author

    Grabowski, Ralph E.

  • Author_Institution
    VP of Marketing & Sales for Startups, Andover, MA, USA
  • fYear
    1995
  • fDate
    21-23 Jun 1995
  • Firstpage
    69
  • Lastpage
    96
  • Abstract
    Why do some new products take off, while others do not sell at all? Marketing is a process of ascertaining needs which customers are willing to spend money to satisfy, thus guiding engineering to design the right products. How much shall we invest in marketing to enable commercial success, and when? The paper discusses a new metric which has been developed to answer these questions, the marketing/engineering investment ratio. This model separates marketing from the functions of promotion and selling. Formulating a ratio of marketing to engineering installs marketing concurrently with engineering, and sizes the marketing budget with a readily identified number (engineering investment)
  • Keywords
    engineering; investment; marketing; commercial success; customer needs; engineering investment; marketing; marketing budget; marketing/engineering investment ratio; metric; product design; promotion; selling; Biomedical engineering; Consumer electronics; Design engineering; Instruments; Investments; Machine vision; Maintenance engineering; Marketing management; Product design; Technology management;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Electro/95 International. Professional Program Proceedings.
  • Conference_Location
    Boston, MA
  • Print_ISBN
    0-7803-2633-4
  • Type

    conf

  • DOI
    10.1109/ELECTR.1995.471046
  • Filename
    471046