1. Explain the following steps and timeframe of high- level tasks of “Netflix Streaming Plus” that need to be accomplished from product concept to the point of being ready to implement in the marketplace within an 8 month of planning.
Timeframe to set up
1. Mission/vision
2. financial aspect
3. product plan to target market
4. position to target market
5. Branding strategy
6. Using the tenets (NPDP)
Mission/Vision:
Financial Aspect:
Product Plan and Target Market:
Positioning:
Branding Strategy:
Product Development:
Testing and Quality Assurance:
Launch Strategy:
Post-Launch Monitoring and Optimization:
By following this 8-month plan and leveraging the principles of the New Product Development Process (NPDP), Netflix Streaming Plus can successfully enter the market and capture a significant market share.