Title: Marketing competition on a new product introduction - a structural analysis using systems thinking
Authors: Stefano Armenia; Alessandro Pompei; Vittorio Pupillo; Fabio Nonino
Addresses: Università degli Studi di Roma 'La Sapienza', Piazzale Aldo Moro 5, 00185 Rome, Italy ' Università degli Studi di Roma 'La Sapienza', Piazzale Aldo Moro 5, 00185 Rome, Italy ' Via Renzo da Ceri 57, 00176 Rome, Italy ' Università degli Studi di Roma 'La Sapienza', Piazzale Aldo Moro 5, 00185 Rome, Italy
Abstract: Launching a new product on the market is a strategic activity that needs specific investments and a specific organisation. There are multiple factors that determine the success of a new product on the market but their direct effects are not often very well observable (marketing for example). With this study, we analysed the systemic structure underlying the dynamics related to the introduction of a new product on the market. In particular, we built a qualitative model based on the systems thinking methodology of causal-loop diagrams (CLDs), starting from the main structure and assumptions of the well-known Bass model. The model provides a systemic perspective on the interdependencies among various aspects that interact in important organisational areas. The presented causal-loop diagram tries to describe the systems structure which is intrinsic to the introduction and diffusion of a new product on the market, and how ultimately the related dynamics could be managed.
Keywords: marketing competition; systems thinking; marketing strategy; word-of-mouth; new product diffusion; customer satisfaction.
International Journal of Markets and Business Systems, 2018 Vol.3 No.2, pp.141 - 162
Received: 21 Jun 2017
Accepted: 18 Oct 2017
Published online: 08 Mar 2018 *