Forecasting the potential for new industrial products

David L. Kendall, Michael T. French

Research output: Contribution to journalArticle

10 Scopus citations

Abstract

Industrial marketing managers base new-product decisions and marketing strategy on estimates of market potential. They often evaluate current product sales, market share, and market penetration, using some forecast of market potential as a benchmark. For maximum benefit to marketers, the concept of market potential should be clear, consistent, and highly operational This paper discusses a life-cycle concept of market potential. A simple descriptive model shows how the concept relates to other marketing concepts and how it can be used operationally.

Original languageEnglish (US)
Pages (from-to)177-183
Number of pages7
JournalIndustrial Marketing Management
Volume20
Issue number3
DOIs
StatePublished - Aug 1991
Externally publishedYes

ASJC Scopus subject areas

  • Marketing

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