Factors of Success in New Services Development (NSD) Processes - Service Factors

7 important questions on Factors of Success in New Services Development (NSD) Processes - Service Factors

What do service factors include as essential elements?

  • Service advantage
  • Service-company synergy

Where does the product advantage refers to?

To the differential benefits that customers get from the commercial entity as the outcome of the innovation process.

From which elements can this fit result?

  • Financial resources
  • Marketing expertise
  • Marketing resources
  • Delivery systems
  • Technology systems
  • Product assortment
  • Management expertise
  • Market research expertise, and so forth.
  • Higher grades + faster learning
  • Never study anything twice
  • 100% sure, 100% understanding
Discover Study Smart

Which 2 main types of service-company synergy is recognized by the literature?

  1. The innovation-market synergy
  2. The innovation-technology synergy.

What does innovation-marketing synergy indicate?


Whether the new service can take advantage of the current marketing skills and resources (e.g. sales force, distribution, advertising, promotion, market research and customer service/delivery)

What does innovation-technology synergy suggest?


Whether the new service can make use of the current technological skills and
resources (e.g. production and engineering).

What are competitive products?

Products that deliver a superior service outcome, offer unique customer benefits, provide faster, more efficient and more reliable services, have a higher quality image, offer better value and are usually more succesful.

The question on the page originate from the summary of the following study material:

  • A unique study and practice tool
  • Never study anything twice again
  • Get the grades you hope for
  • 100% sure, 100% understanding
Remember faster, study better. Scientifically proven.
Trustpilot Logo