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Marketing Research Paper
Marketing Research Paper
Marketing Research Paper
Submitted by:
AFSAH FASEEH l1s14mbam1154
Submitted to:
Dr. Abdul Waheed
Product design and innovative features
leads the product towards success
Problem statement:
We are going to research the problem that often organization tries to make
them differentiate by several offering of the existing product in order to grab
the consumer attention. So here we focus one of the offering that is change
product design. How much change in product design contribute in getting
target market attention or leads to success?
Literature review:
In this research we are going to discuss that how much product development
is necessary for the consistent product success. To sustain the product
success, marketers always try to review on the product design and
innovative features at every stage of product life cycle for the consistency of
product success or In other words we can say that how much product life
management satisfy the customer requirement. Innovation is necessary to
attract customer on a continuous basis. Products must be able to satisfy
customer requirements for:
Timing, Function, Performance, Style, design, features and Price
To change the product design is not so easy as the goal of individual designer
and designer team may conflict with other constraint. Because marketer of
large organization have to keep in mind the ergonomics factor. Ergonomics is
very important because organization spends a large amount of money on
R&D to make the product attractive and ease of usage.
Maidique and Zirger (1984,) conclude that new product success was
based on well executed R&D to commits the innovative features and product
development
Designers must choose materials and shapes that are consistent with
manufacturing resources and cost target
In innovation process, product design form has equal influence with the
technological, financial modification (Rindova and Petkova, 2007)
Product forms should limit behaviors to what is right. For example, the holes
in a pair of scissors show users just where to place their fingers, thus, forcing
correct usage
Variables:
Dependent variable:
1) Product success:
Independent variable:
1) Product design:
Schematic Diagram
Dependent variable:
Product success
Independent variable:
1) Product design
HYPOTHESIS:
Hypothesis # 1:
Hypothesis # 2:
New features and styles in product have positive impact on product success.
RESEARCH METHODOLOGY:
Variables Entered/Removed
Mod Variables Variables Metho
el Entered Removed d
new_
feature_
1 style, . Enter
product_
designb
a. Dependent Variable: product_
success
b. All requested variables entered.
Model Summary
Mod R R Adjusted R Std. Error
el Square Square of the
Estimate
a
1 .468 .219 .195 .49251
a. Predictors: (Constant), new_ feature_ style,
product_ design
The Table shows that 21.9 % information of Dependent variable (i.e. Product
success) is being explained by independent variable (i.e. new feature & style
and product design.)
Coefficients
Model Unstandardized Standardiz t Sig.
Coefficients ed
Coefficient
s
B Std. Error Beta
(Constant) -.437 .958 -.456 .650
product_
.062 .071 .095 .876 .384
1 design
new_
.206 .048 .463 4.282 .000
feature_ style
a. Dependent Variable: product_ success
The table shows that 6.2% consumers are satisfied that product design plays
an important role in bringing the product towards success. And as significant
value i.e. .384 is greater than p-value i.e .0.05, so Independent variable
(product design) is not an important factor to have influence on dependent
variable (product success). If independent variable is increased by 1 unit
then dependent variable is increased by 0.062
The table shows that 20.6% consumers are satisfied that new feature & style
in a product plays an important role in bringing the product towards success.
And as significant value i.e .000 is less than p-value i.e .0.05, so Independent
variable (new feature & style) is an important factor to have influence on
dependent variable (product success).If independent variable is increased by
1 unit then dependent variable is increased by 0.206
Test Value = 0
Lower Upper
new_feature_
70.638 69 .000 10.41429 10.1202 10.7084
style
As significant value is 0.000 which is less than p-value 0.05 so the hypothesis
is accepted.
3) Independent sample t-test
Group Statistics
Gender N Mean Std. Std. Error
Deviation Mean
new_feature_st Male 46 10.6739 1.26587 .18664
yle Female 24 9.9167 1.01795 .20779
As significant value is greater than p-value i.e 0.05 so the hypothesis is not
accepted
4) Observe Normal Distribution in SPSS
As the plotting is not close to the line so the distribution is not normal
Descriptive
Statisti Std.
c Error
Mean 2.4000 .06562
Lower
2.2691
95% Confidence Bound
Interval for Mean Upper
2.5309
Bound
5% Trimmed Mean 2.4206
product_succ Median 2.0000
ess Variance .301
Std. Deviation .54904
Minimum 1.00
Maximum 3.00
Range 2.00
Inter quartile Range 1.00
Skewness -.130 .287
Kurtosis -.953 .566
As the skewness value is .287 and it is between -0.5 to 0.5 so the distribution
is approximately symmetric.
As both skewness and kurtosis are not zero so the distribution is not normal.
5) ANOVA:
New feature & style vs. Product success
ANOVA
product success
Sum of df Mean F Sig.
Squares Square
Between
7.438 5 1.488 7.124 .000
Groups
Within
13.362 64 .209
Groups
Total 20.800 69
This is the table that shows the output of the ANOVA analysis and whether
we have a statistically significant difference between our group means. As
we can see that the p-value i.e. .000 is less than 0.05, The independent
variable (new feature and style) have a significant impact on dependent
variable i.e. (product success)
ANOVA
product success
Sum of df Mean F Sig.
Squares Square
Between
.295 4 .074 .234 .918
Groups
Within
20.505 65 .315
Groups
Total 20.800 69
This is the table that shows the output of the ANOVA analysis and whether
we have a statistically significant difference between our group means. As
we can see that the p-value i.e .918 is greater than 0.05, The independent
variable (change in product design) does not have a significant impact on
dependent variable i.e. (product success).
Research Questionnaire
Name: _________________
Age: _________________
Gender: _________________
Income: _________________
Occupation: _____________
Do you think that new product feature and design gets lof of attraction?
a) Strongly agree b) agree c) neutral d) disagree e) strongly disagree
Do you think new features in product boost customers to buy the product?
a) Strongly agree b) agree c) neutral d) disagree e) strongly disagree
Do you think new design in product build good image in customers mind?
a) Strongly agree b) agree c) neutral d) disagree e) strongly disagree
Do you think if the product has good features, style and design, it can get
maximum market share?
a) Strongly agree b) agree c) neutral d) disagree e) strongly disagree
Do you think products which are not unique in terms of feature and design
have good reputation in the market?
a) Strongly agree b) agree c) neutral d) disagree e) strongly disagree
References: