Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

After testing a new recipe on 200,000 subjects and finding that people preferred it over the traditional version, Coca-Cola unveiled New Coke in 1985. Sounds

After testing a new recipe on 200,000 subjects and finding that people preferred it over the traditional version, Coca-Cola unveiled New Coke in 1985. Sounds like a safe move, right? Wrong.

Product loyalty and old-fashioned habits got in the way and people didn't buy New Coke as expected, costing the company $4 million in development and a loss of $30 million in back stocked products it couldn't sell.

Traditional Project Management (TPM) depends heavily on being able to clearly define what the client needs. You cannot have a detailed project plan without that information.

1. Based on the New Coke project and its lessons learned and within the framework of the TPM, what could the Project Manager have done differently to get a clear definition of client needs?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Leading And Collaborating In The Competitive World

Authors: Thomas Bateman, Scott Snell

9th Edition

0078137241, 9780078137242

Students also viewed these General Management questions