Cause of New Product Failure | Percentage of Reporting Companies |
---|---|
Inadequate market analysis | 24% |
Product problems or defects | 16% |
Lack of effective marketing effort | 14% |
Costs higher than anticipated | 10% |
Competition | 9% |
Poor timing | 8% |
Technical or production problems | 6% |
Other causes | 13% |
© 2008 John Michael Pierobon