Factors affecting new products forecasting accuracy in new firms

Article Abstract:

Factors conspiring to accurately predict the success of a new firm's first product are studied. The study is based on a mail survey of 113 computer software firms and a pilot group formed to discover forecasting problems faced by the software industry. It concludes that the expertise of the firm's pioneers in accurately predicting the success of the new product is a major determining factor. A product development-customer feedback system snd the stability of the industrial environment increases the chancees of success for both the firm and the product.

Methods, Forecasts and trends, Marketing, New business enterprises, Startups, Forecasting

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Predicting new venture survival: an analysis of "Anatomy of a Start-Up." Cases from Inc. magazine

Article Abstract:

Predictions gleaned from the analysis of data from a venture screening questionnaire were used to evaluate the insights and predictions of experts and reporter regarding business success in an article that appeared in Inc magazine. The model was more effective in predicting success or failure in business compared to predictions made by experts, competitors, investors and customers. Seven variables predictive of business success were identified based on a discriminant analysis of the data from the questionnaire.

Analysis, Business success, Business failures

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Design of robust new products under variability: marketing meets design

Article Abstract:

The evaluation of new product introduction depending upon usage patterns and its significance in product changes and modifications is examined.

United States, Management dynamics, Management, Evaluation, Product defect/failure, Product quality, Company business management, New technique, Software quality

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