Proceedings | Marketing area | Year 2011
 

An Analysis Of Commercial Marketing Strategies Of Innovative Product: Case Study Of Anti-Tumor Activiy Extract From Dry Longan

by Prakasit Chansima; Sarawut Kulkanyade; Phallapa Petison
  
  The 3rd Thailand Technology and Innovation Management Associate in Thailand June 2011
403-408

Abstract

Determine marketing strategies for innovative product especially for non-existing demand in market is considered as challenge. This research is funded by Thailand Research Fund (TRF) aiming to explore commercial marketing opportunity, marketing mix, and marketing strategies with collecting both qualitative and quantitative data regarding to the study of “Anti-Colon Cancer Supplementary Food Extracted from Dry Logan” as a case study. The results show that this innovative substance significantly creates a potential marketing opportunity once it is presented in form of supplements. However it is crucial to educate target consumer of functional benefit prevent by study and determine as well as position the product in order that target consumer can get to know the difference between benefit of fresh Longan and supplements from dried Longan extract. This is due to low awareness toward this substance (Polyphenol) among consumers.

Keywords: significantly
Awards: The 3rd Thailand Technology and Innovation Management Associate, IEEE Thailand Technology Council, Thailand Section 16-17 June 2011. Proceeding pp. 403-408