Steps and timeframe of high- level tasks of “Netflix Streaming Plus”

 

 

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)

Sample Solution

A 8-Month Plan for “Netflix Streaming Plus”

Phase 1: Concept and Planning (Months 1-2)

  1. Mission/Vision:

    • Timeframe: 1 month
    • Define the core mission and vision of the platform.
    • Determine the unique value proposition and target audience.
  2. Financial Aspect:

    • Timeframe: 1 month
    • Develop a detailed business plan, including revenue streams (subscriptions, advertising, partnerships), cost analysis, and financial projections.
    • Secure funding or investments.
  3. Product Plan and Target Market:

    • Timeframe: 1 month
    • Identify the target audience based on demographics, interests, and preferences.
    • Develop a product roadmap outlining features, functionalities, and release timeline.
    • Prioritize features based on user needs and market trends.

Phase 2: Branding and Marketing (Months 3-4)

  1. Positioning:

    • Timeframe: 1 month
    • Determine the brand’s unique selling proposition (USP) and how it differentiates from competitors.
    • Develop a strong brand identity, including logo, color palette, and typography.
  2. Branding Strategy:

    • Timeframe: 1 month
    • Create a comprehensive branding strategy, including brand messaging, brand guidelines, and marketing collateral.
    • Develop a marketing plan to reach the target audience, including social media, advertising, and public relations.

Phase 3: Technical Development and Testing (Months 5-7)

  1. Product Development:

    • Timeframe: 2 months
    • Build the streaming platform, including content delivery network (CDN), user interface, and recommendation algorithms.
    • Develop mobile and web applications.
    • Integrate payment systems and user authentication.
  2. Testing and Quality Assurance:

    • Timeframe: 1 month
    • Conduct rigorous testing to identify and fix bugs and performance issues.
    • Perform user acceptance testing to ensure the product meets user expectations.

Phase 4: Launch and Post-Launch (Month 8)

  1. Launch Strategy:

    • Timeframe: 1 month
    • Develop a launch strategy, including a marketing campaign, promotional offers, and partnerships.
    • Launch the platform in target markets.
  2. Post-Launch Monitoring and Optimization:

    • Timeframe: Ongoing
    • Monitor user behavior, gather feedback, and make necessary adjustments.
    • Continuously improve the platform’s features and user experience.

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.

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