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Indian Journal of Marketing

ISSN: 0973-8703 Frequency: Monthly Peer Review: Double-blind Published since: 1968 Language: English
A publication of AMCPL
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New Delhi, India
Indexed in: Scopus Q3 UGC-CARE Group II ABDC: C Google Scholar J-Gate NAAS NISCAIR Crossref

Original Article

Open Access Original Article

Exploring Success Factors for New Product Selling in Fast - Moving Consumer Goods

Vivek Kourav1Arbuda Sharma2

1 Student, FORE School of Management, “Adhitam Kendra,” B-18, Qutub Institutional Area, New Delhi - 110 016.

2 Assistant Professor , FORE School of Management, “Adhitam Kendra,” B-18, Qutub Institutional Area, New Delhi - 110 016.

Volume 53
Issue 3
Pages 8–25
Year 2023
Received: Nov. 20, 2022 Accepted: Feb. 15, 2023 Published: March 1, 2023
Abstract

Purpose: Innovations in fast-moving consumer goods (FMCGs) play a substantial role in the growth and sustainability of the FMCG industry. Companies invest resources to design and launch new products to meet evolving consumer demands and to improve their sales effectiveness. Therefore, it is critical to identify the factors that help firms acquire and retain customers for their new products. Several factors have been severally discussed in various contexts and sectors that may affect the success or failure of products. This study tried to consolidate all the factors associated with new product selling in the FMCG sector and identified the hierarchy among these factors.

Design: Factors were identified through an exhaustive literature review, and the hierarchical relationships were identified with the help of the total interpretive structural modeling technique. Ajudgmental sample of 19 domain experts was selected for the study.

Findings: The findings revealed that labeling and environmental consciousness are the critical respective driving productcentric and consumer-centric factors that influenced other success factors and thus determined the success or failure of new product selling (NPS).Practical

Implications: The findings will help the stakeholders in the FMCG industry to develop appropriate strategies for selling new products by taking into account these factors and their hierarchical relationships.Originality/

Value: The factors that help firms to succeed in new product selling in the FMCG sector in the Indian context have not been explored in previous research studies. Moreover, this study contributed to developing hierarchical relationships to elucidate the most significant driving factors.

Keywords New Product Selling Total Interpretive Structural Modelling Product-Centric Factors Consumer-Centric Factors FMCGs
How to Cite

Vivek Kourav, Arbuda Sharma (2023). Exploring Success Factors for New Product Selling in Fast - Moving Consumer Goods. Indian Journal of Marketing, 53(3), 8–25. https://doi.org/10.17010/ijom/2023/v53/i3/172653

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