ORDER OF MARKET ENTRY AS A SUCCESS FACTOR IN PRODUCT INNOVATIONS

The purpose of the article is to make a review of the studies dealing with the order of company market entry as a success factor for new products. On the one hand, the interest in the review is driven by the need to develop and launch successful new products and, on the other, the high likelihood fo...

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Main Author: K. Marinov
Format: Article
Language:English
Published: Trakia University 2020-09-01
Series:Trakia Journal of Sciences
Subjects:
Online Access:http://tru.uni-sz.bg/tsj/Volume%2018,%202020,%20Number%203,%20Series%20Social%20Sciences/K.Marinov.pdf
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author K. Marinov
author_facet K. Marinov
author_sort K. Marinov
collection DOAJ
description The purpose of the article is to make a review of the studies dealing with the order of company market entry as a success factor for new products. On the one hand, the interest in the review is driven by the need to develop and launch successful new products and, on the other, the high likelihood for product failure was confirmed by a lot of studies. Furthermore, research in the last years has considered the order of company market entry a factor that determines the market performance of company new products. As a result of the review, a classification is proposed of the studies on the order of company market entry including three areas: consequences of company market entry; pre-entry conditions; characteristics of the economic environment influencing the first two areas. The main conclusion formulated in the article is that, overall, the studies on the order of market entry support the relation between entry timing and company performance with the order of market being a question of matching company resources and capabilities, and environment requirements. The methods of analysis and synthesis as well as induction and deduction are used in the article.
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spelling doaj-art-98c0ba6496714c7a8efa6d07e667de3b2025-08-20T03:44:32ZengTrakia UniversityTrakia Journal of Sciences1313-35512020-09-0118323023710.15547/tjs.2020.03.008ORDER OF MARKET ENTRY AS A SUCCESS FACTOR IN PRODUCT INNOVATIONSK. MarinovThe purpose of the article is to make a review of the studies dealing with the order of company market entry as a success factor for new products. On the one hand, the interest in the review is driven by the need to develop and launch successful new products and, on the other, the high likelihood for product failure was confirmed by a lot of studies. Furthermore, research in the last years has considered the order of company market entry a factor that determines the market performance of company new products. As a result of the review, a classification is proposed of the studies on the order of company market entry including three areas: consequences of company market entry; pre-entry conditions; characteristics of the economic environment influencing the first two areas. The main conclusion formulated in the article is that, overall, the studies on the order of market entry support the relation between entry timing and company performance with the order of market being a question of matching company resources and capabilities, and environment requirements. The methods of analysis and synthesis as well as induction and deduction are used in the article.http://tru.uni-sz.bg/tsj/Volume%2018,%202020,%20Number%203,%20Series%20Social%20Sciences/K.Marinov.pdfnew productsproduct performancecompany resources and capabilitiesentry timingfirst mover advantagefirst moversearly entrantslate entrants
spellingShingle K. Marinov
ORDER OF MARKET ENTRY AS A SUCCESS FACTOR IN PRODUCT INNOVATIONS
Trakia Journal of Sciences
new products
product performance
company resources and capabilities
entry timing
first mover advantage
first movers
early entrants
late entrants
title ORDER OF MARKET ENTRY AS A SUCCESS FACTOR IN PRODUCT INNOVATIONS
title_full ORDER OF MARKET ENTRY AS A SUCCESS FACTOR IN PRODUCT INNOVATIONS
title_fullStr ORDER OF MARKET ENTRY AS A SUCCESS FACTOR IN PRODUCT INNOVATIONS
title_full_unstemmed ORDER OF MARKET ENTRY AS A SUCCESS FACTOR IN PRODUCT INNOVATIONS
title_short ORDER OF MARKET ENTRY AS A SUCCESS FACTOR IN PRODUCT INNOVATIONS
title_sort order of market entry as a success factor in product innovations
topic new products
product performance
company resources and capabilities
entry timing
first mover advantage
first movers
early entrants
late entrants
url http://tru.uni-sz.bg/tsj/Volume%2018,%202020,%20Number%203,%20Series%20Social%20Sciences/K.Marinov.pdf
work_keys_str_mv AT kmarinov orderofmarketentryasasuccessfactorinproductinnovations