nanaholic
Headphoneus Supremus
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- Sep 2, 2010
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Quote:
No it most certainly still happens today. Take some very relevant and successful example - the iPod and the iPad, both created their own market almost entirely from scratch which completely ignores what supposedly the customers want or should want from market research (the original iPod was argued to be too expensive, too much capacity etc, the iPad as a internet tablet has no Flash which most website has etc, all reasons from hind sight made sense but during conception and initial announcement was deemed unthinkable "mistakes" which flies in the face of careful market research). What about Tesla? Tesla also shunt the "eco electric car" that supposedly is what customers want (because customers buying electric are concerned about eco-friendliness as shown by the Toyota Prius hybrid, right?) and instead made electric sports car and they are thriving. Sure it is hard but it doesn't mean it doesn't happen, but when it happens usually it makes for some very big impact. Heck in hind sight even the Beats brand did exactly this - who knew there was supposed to be a young generation of music listeners who want their headphones to be akin to fashion statements?
There's a whole book arguing about how this work call "Innovator's Dilemma" (a book which is said to inspire Steve Jobs himself, and which I'm sure is read by many CEOs now) written in the 90s which deals exactly how companies should be dealing with changing markets and disruptive forces, how sensible and competent managements can actually be fatal to a company, and why and when to ignore market research in special cases. It's a good book and I recommend people to read it if they are interested in how technology products are developed.
As for plugging into an existing market, again Denon had probably failed here from the old D series (the heavy discount as point out multiple times and not just by me now) which people seems to completely ignore. You may not like their new design but I really don't think you can say their new target is completely left field either.
Maybe that's how it worked in the 60's and earlier, but not so much today. The Edsel was launched without pre-release market research and look how well it found it new market! It too was launched in bad economic times but in a larger period of great growth in car sales.
Today companies with any brains don't launch a flyer. They have done their market research and have identified a viable market in advance of release into which its (new) products are a great fit.
Creating a new market is almost always tougher--and much riskier--than plugging into an existing and growing one--like the current ones for headphones.
No it most certainly still happens today. Take some very relevant and successful example - the iPod and the iPad, both created their own market almost entirely from scratch which completely ignores what supposedly the customers want or should want from market research (the original iPod was argued to be too expensive, too much capacity etc, the iPad as a internet tablet has no Flash which most website has etc, all reasons from hind sight made sense but during conception and initial announcement was deemed unthinkable "mistakes" which flies in the face of careful market research). What about Tesla? Tesla also shunt the "eco electric car" that supposedly is what customers want (because customers buying electric are concerned about eco-friendliness as shown by the Toyota Prius hybrid, right?) and instead made electric sports car and they are thriving. Sure it is hard but it doesn't mean it doesn't happen, but when it happens usually it makes for some very big impact. Heck in hind sight even the Beats brand did exactly this - who knew there was supposed to be a young generation of music listeners who want their headphones to be akin to fashion statements?
There's a whole book arguing about how this work call "Innovator's Dilemma" (a book which is said to inspire Steve Jobs himself, and which I'm sure is read by many CEOs now) written in the 90s which deals exactly how companies should be dealing with changing markets and disruptive forces, how sensible and competent managements can actually be fatal to a company, and why and when to ignore market research in special cases. It's a good book and I recommend people to read it if they are interested in how technology products are developed.
As for plugging into an existing market, again Denon had probably failed here from the old D series (the heavy discount as point out multiple times and not just by me now) which people seems to completely ignore. You may not like their new design but I really don't think you can say their new target is completely left field either.