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Challenges of New Products in Global Markets

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My question pertains to 'Proctor & Gamble's Regenerist Micro-Sculpting Eye Cream & Lash Serum Duo'. I need to identify a new global market that your product should consider. It should include culture challenges it faces; do you believe it would be successful?

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Proctor & Gamble should consider marketing Regenerist Micro-Sculpting Eye Cream & Lash Serum Duo in the Islamic Middle East. In these countries, many women cover their faces with a hijab or a burka. Women's eyes are exposed, and in more extreme countries, only the eyes are left uncovered (Weber, n.d.). As a result, the eyes are often seen as the focus of beauty. In addition, these countries are typically hot and dry, a climate that tends to dry out skin, thus encouraging use of moisturizers. Furthermore, the economic climate has been increasing. Qatar, the United Arab ...

Solution Summary

This solution identifies a new market for an existing product and considers the cultural challenges it will face globally. It also evaluates likelihood of success. Includes APA formatted references.

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What challenges does a company face when developing new products in the global economy?

As a participant in the AIBC, you will have an opportunity to become a published writer at the end of the conference. AIU hosts a marketing publication, "The Marketing Scene," which provides a platform for professionals and consumers to discuss new ways of marketing, the effectiveness of advertising trends, specific ad campaigns and the impact this information has on our society." It provides a good starting point for this assignment. Some of the stories talk about the marketing of new products or the revitalization of existing ones.

Marketers must learn to do solid research in support of upcoming projects. The Unit 1 IP is a research paper and should address the following:

1. What challenges does a company face when developing new products in the global economy? Describe selected challenges using examples of at least 3 product/service launches. Resources MUST include articles from the library's full-text databases.
2. After having discussed the challenges of new product launches, how has technology assisted in the effort? Report on at least 3 situations in which technology supports the marketing effort. Resources MUST include articles from the library's full-text databases.
3. Legal and ethical implications loom large in today's business environment. Describe selected challenges using examples of at least 3 legal/ethical faux pas in marketing that hit the media. The Marketing Scene devotes a section to Controversy in Ads, which may give you some ideas for your research. Resources MUST include articles from the library's full-text databases.

The assignment requires the use of ARTICLES from the library's full-text databases. Articles are found in periodicals. These are not to be confused with eBooks or Reference Books. The most popular databases in marketing are: ABI Inform Global, Academic Search Premier, and Business Source Premier.

Your report MUST include a reference list. All research should be cited in the body of the paper. In-text citations and corresponding references should be included in your paper. For more information on APA, please visit the APA Lab. The paper should be written in third person; this means words like "I", "we", and "you" are not appropriate. The use of direct quotes is discouraged, but may be used sparingly in appropriate situations.

Your assignment should contain a cover page, an abstract page and a reference page in addition to the body. The body of the paper should be 5-6 pages in length - starting with a brief one paragraph introduction and ending with a short conclusion. The entire submission will be 8-9 pages in length.

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