@davignau - Think of it this way, if I spend $40K on research, that goes into the cost of the speakers and needs to be recovered increasing the price or increasing the number of units that need to be sold to break even. You correctly pointed out that development costs money. Spending the money on focus groups adds to that cost.
Focus groups are intended to screen ideas and generate new ideas. I have a list that I think are interesting and received a couple ideas above that I had not considered. I can take these ideas along with the ones I already have, drop them in quant research to see which has the most superficial appeal and then I can work on development. I have to then deliver on the superficial idea.
so no, I don't expect you to choose between things you have never heard. That would be silly. Just looking for ideas.
I have successfully brought two products to market that were well received by both consumers and the press earlier in the year but they are expensive. We shall see if I can make it a third that will ideally be at a more competitive price point.
Focus groups are intended to screen ideas and generate new ideas. I have a list that I think are interesting and received a couple ideas above that I had not considered. I can take these ideas along with the ones I already have, drop them in quant research to see which has the most superficial appeal and then I can work on development. I have to then deliver on the superficial idea.
so no, I don't expect you to choose between things you have never heard. That would be silly. Just looking for ideas.
I have successfully brought two products to market that were well received by both consumers and the press earlier in the year but they are expensive. We shall see if I can make it a third that will ideally be at a more competitive price point.