Skip to menu Skip to content Skip to footer
Course profile

Product Strategy & Development (MKTG7505)

Study period
Sem 2 2025
Location
St Lucia
Attendance mode
In Person

Course overview

Study period
Semester 2, 2025 (28/07/2025 - 22/11/2025)
Study level
Postgraduate Coursework
Location
St Lucia
Attendance mode
In Person
Units
2
Administrative campus
St Lucia
Coordinating unit
Business School

This course examines the new product/service development and management process and particularly focusing on the contribution of marketing. Specific areas covered include market learning, research and development and marketing interface, unique characteristics of new service development (NSD) such as co-creation, product/service launch, the role of entrepreneurial marketing strategies reaching viable markets, marketing channels and building relationships with targeted customers.

Best performing brands today are technology companies such as Apple, Google, Microsoft and Amazon that have mastered the art of creating superior value to their customers through high value-adding innovative products. These companies have managed their new product development (NPD) process successfully which helps them achieving product profitability, market share, customer satisfaction and most importantly competitive advantage in highly competitive markets.

Broadly, new product/service development process involves the creation, development, marketing and management of products and services across product/service management cycles. The critical role marketing professionals play in successful product development and management is increasingly evident. This course primarily focuses on how marketing informs and interplays with technology development in developing and managing value-adding, cutting-edge product and services.

Products and services in many companies today are usually managed by a 'product' or 'brand' manager. In the absence of university degrees providing specific knowledge needed in this functional area, these managers learn 'on the job' and many of their decisions are strongly influenced by their professional background e.g. engineering, marketing and sales. This is cited as inefficient as they may not have the capacity to make holistic decisions focussing on broader strategic challenges faced by the company. Addressing this lacuna in management education, this course equips students with an understanding of the key processes involved with product and service management, examining the strategising, marketing and managing public liability and environmental issues of new products/services. The course also facilitates students learning through class activities and an authentic assessment scheme that facilitates students acquiring knowledge skills for real world new product and service development.

Course Changes in Response to Previous Student Feedback

Feedback to this course has been positive with many students valuing the major project assessment which involved developing a substantially innovative product/service concept and concept testing it with potential customers.

The focus will be providing students with opportunities for enhanced class participation for greater learning. This is facilitated by many class room activities, Kahoot-based weekly tutorials etc, Overall, students in addition to acquiring a comprehensive knowledge on all stages involved with new product and service development (NPD/NSD) will acquire analytical and critical thinking skills that will be valued by future employers.

Sustainable Development Goals - UQ Business School is a proud supporter and Advanced Signatory of the United Nations Principles for Responsible Management Education (UN PRME). As part of the largest global collaboration between business schools and the UN, the school emphasises its role in empowering students to drive societal transformation through the Sustainable Development Goals. The SDGs highlight that a thriving economy relies on a healthy environment, aiming to balance economic growth, social well-being, and environmental protection for a sustainable future.

Course requirements

Recommended prerequisites

We recommend completing the following courses before enrolling in this one:

MKTG7501

Restrictions

Quota: Minimum of 15 enrolments

Course contact

Course staff

Lecturer

Timetable

The timetable for this course is available on the UQ Public Timetable.

Additional timetable information

Please note: Teaching staff do not have access to the timetabling system to help with class allocation. Therefore, should you need help with your timetable and/or allocation of classes, please ensure you email business.mytimetable@uq.edu.au from your UQ student email account with the following details:

  • Full name
  • Student ID
  • Course Code

Aims and outcomes

This course aims to provide an in-depth knowledge on how new product and service development is undertaken in organisations. Throughout the semester we will discuss all stages of new product and service development process starting from 'opportunity identification' through to 'product/service launch' to 'public liability issues and sustainability issues of new products/services'.

For greater learning, in weekly seminars, students will engage in Padlet-based break-up room activities and participate in Kahoot-based weekly tutorials based on previous week's seminar topic. The authentic assessment scheme aims to facilitate students acquiring conceptual knowledge and the analytical use of NPD/NSD concepts and skills for real-world new product and service development.

Overall, in addition to acquiring a comprehensive knowledge on new product and service development processes, students will develop skills in critical thinking, data analysis and interpretation, teamwork and video production skills that will be valued by future employers.

Learning outcomes

After successfully completing this course you should be able to:

LO1.

Understand the key stages of new product and service development and strategies to effectively handle such stages.

LO2.

In a group setting, critically evaluate new product and service development approaches using NPD/NSD concepts and frameworks.

LO3.

Understand how successful real-world firms manage new product and service development processes to remain competitive in highly competitive markets.

LO4.

In a group setting, develop the ability and skills to select and use the appropriate level, style and means of communication.

LO5.

Understand and critically apply ethics, public liability and broader environmental considerations in NPD/NSD.

LO6.

Gain a deeper understanding of the most recent value-adding innovations in key areas of new product/service development.

Assessment

Assessment summary

Category Assessment task Weight Due date
Presentation Major Project: New product concept presentation
  • Team or group-based
  • In-person
10%

Week 5

Student presentations will commence this week, during class.

Examination In-semester exam
  • In-person
30%

In-semester Saturday

6/09/2025 - 20/09/2025

Creative Production/ Exhibition, Paper/ Report/ Annotation Major project: Concept testing report (video)
  • Team or group-based
30%

17/10/2025 5:00 pm

Examination Final Exam
  • In-person
30%

End of Semester Exam Period

8/11/2025 - 22/11/2025

Assessment details

Major Project: New product concept presentation

  • Team or group-based
  • In-person
Mode
Oral
Category
Presentation
Weight
10%
Due date

Week 5

Student presentations will commence this week, during class.

Other conditions
Peer assessed, Secure.

See the conditions definitions

Task description

This oral presentation is the first part of the major project.

Student groups will present their new product/service concepts to a panel of assessors to gain feedback on the suitability of their concepts in terms of specified criteria to proceed to the next stage of the major project i.e., concept testing of the new product/service concept with real world customers.

This is a 'shark tank' style pitch in which student groups will convincingly argue that their concept conforms to specified requirements and will add substantial value to targeted consumers.

A detailed guide will be provided on Blackboard.

Peer assessment: For this assessment, all student groups must undertake a peer assessment as per specified form. This form will be provided on Blackboard. All completed forms must be separately uploaded on to the specified Blackboard link.

In the event a group is in dispute on the individual contribution of group members for the submission of this assessment by the specified date as per submission guide, marks will be apportioned based on the peer assessment outcome. Such disputes should be reported to the Course Coordinator within two days of submission of the assessment.

AI Statement

This assessment task is to be completed in-person. The use of generative Artificial Intelligence (AI) or Machine Translation (MT) tools will not be permitted. Any attempted use of AI or MT may constitute student misconduct under the Student Code of Conduct.

Submission guidelines

Will be provided on Blackboard.

Deferral or extension

You may be able to apply for an extension.

The maximum extension allowed is 7 days. Extensions are given in multiples of 24 hours.

All student groups must adhere to the presentation schedule published on Blackboard. In the event an extension is needed due to unforeseen circumstances, such should be discussed in advance with the tutor/ course coordinator.

Late submission

A penalty of 10% of the maximum possible mark will be deducted per 24 hours from time submission is due for up to 7 days. After 7 days, you will receive a mark of 0.

In-semester exam

  • In-person
Mode
Written
Category
Examination
Weight
30%
Due date

In-semester Saturday

6/09/2025 - 20/09/2025

Other conditions
Secure.

See the conditions definitions

Task description

The rationale of this piece of assessment is to keep up to date with the concepts and frameworks in NPD/NSD. For students to have an accurate and clearer understanding of the frameworks and strategies, the basic concepts must be first understood. This understanding will be critically important for managing all other assessments effectively.

Therefore, this is an important milestone in this course.

AI Statement

This assessment task is to be completed in-person. The use of generative Artificial Intelligence (AI) or Machine Translation (MT) tools will not be permitted. Any attempted use of AI or MT may constitute student misconduct under the Student Code of Conduct.

Exam details

Planning time 10 minutes
Duration 90 minutes
Calculator options

Any calculator permitted

Open/closed book Closed book examination - no written materials permitted
Exam platform Paper based
Invigilation

Invigilated in person

Submission guidelines

Deferral or extension

You may be able to defer this exam.

Major project: Concept testing report (video)

  • Team or group-based
Mode
Product/ Artefact/ Multimedia
Category
Creative Production/ Exhibition, Paper/ Report/ Annotation
Weight
30%
Due date

17/10/2025 5:00 pm

Other conditions
Peer assessed.

See the conditions definitions

Task description

In this group assessment, student groups will undertake a concept test survey for their new product service concept with potential consumers. The respondents for the survey can be real world consumers outside the class in order to achieve greater variety in responses and real world insights to your new product/service concept.

Your group will analyse survey data and report your observations/recommendations on the feasibility of the new concept to take it to the next stage of the new product/service development process. The survey will adhere to the ethical requirements for such studies stipulated by the University of Queensland. You must address specific instructions for each stage of the testing process that will be provided on Blackboard.

Your report will be a videographic presentation of the final report. Your group will be provided with detailed guidelines about this assessment during early weeks of the semester. Failure to submit this assessment by the due date will result in late penalties being applied.

Important information:

1. This assessment will challenge your groups' collective creativity. It will also be a great opportunity to apply your technology knowledge to solve an important consumer problem that will create added value to them.

In that spirit, you are advised, not try to copy the concepts that have been developed by students in previous years. We are keeping a registry of previous years' product/service.

2. Changes to groups and to your chosen product concept after the oral presentation are not desirable as such will hinder the progress of your project. In such event express written permission must be sought and obtained from the course coordinator. Do not assume that you can change your product concept or group without obtaining permission.

It is your responsibility to inform the course coordinator if there are any group difficulties and to seek alternative group membership.

Peer assessment: For this assessment, all student groups must undertake a peer assessment as per specified form. This form will be provided on Blackboard. All completed forms must be attached to the assessment submission as an Appendix.

In the event a group is in dispute on the individual contribution of group members for the submission of this assessment by the specified date as per submission guide, marks will be apportioned based on the peer assessment outcome.

AI Statement

Artificial Intelligence (AI) and Machine Translation (MT) are emerging tools that may support students in completing this assessment task. Students may appropriately use AI and/or MT in completing this assessment task. Students must clearly reference any use of AI or MT in each instance.

A failure to reference generative AI or MT use may constitute student misconduct under the Student Code of Conduct.

Submission guidelines

Submission: Videographic presentation to be submitted to Turnitin on the specified date.

One student from each group will submit their video presentation via specified Blackboard link.

Deferral or extension

You may be able to apply for an extension.

The maximum extension allowed is 14 days. Extensions are given in multiples of 24 hours.

All student groups must submit this assessment on the due date. Extensions will be considered only in exceptional and unforeseen circumstances.

Late submission

A penalty of 10% of the maximum possible mark will be deducted per 24 hours from time submission is due for up to 7 days. After 7 days, you will receive a mark of 0.

Final Exam

  • In-person
Mode
Written
Category
Examination
Weight
30%
Due date

End of Semester Exam Period

8/11/2025 - 22/11/2025

Other conditions
Secure.

See the conditions definitions

Task description

Type: Individual, invigilated examination.

Due Date: During the Examination Period.

AI Statement

This assessment task is to be completed in-person. The use of generative Artificial Intelligence (AI) or Machine Translation (MT) tools will not be permitted. Any attempted use of AI or MT may constitute student misconduct under the Student Code of Conduct.

Exam details

Planning time 10 minutes
Duration 120 minutes
Calculator options

No calculators permitted

Open/closed book Closed book examination - specified written materials permitted
Materials

One A4 sheet of typed notes, double sided, is permitted

Exam platform Paper based
Invigilation

Invigilated in person

Submission guidelines

Deferral or extension

You may be able to defer this exam.

Course grading

Full criteria for each grade is available in the Assessment Procedure.

Grade Cut off Percent Description
1 (Low Fail) 0 - 29

Absence of evidence of achievement of course learning outcomes.

2 (Fail) 30 - 46

Minimal evidence of achievement of course learning outcomes.

3 (Marginal Fail) 47 - 49

Demonstrated evidence of developing achievement of course learning outcomes

4 (Pass) 50 - 64

Demonstrated evidence of functional achievement of course learning outcomes.

5 (Credit) 65 - 74

Demonstrated evidence of proficient achievement of course learning outcomes.

6 (Distinction) 75 - 84

Demonstrated evidence of advanced achievement of course learning outcomes.

7 (High Distinction) 85 - 100

Demonstrated evidence of exceptional achievement of course learning outcomes.

Additional course grading information

Grades will be allocated according to University-wide standards of criterion-based assessment.

Supplementary assessment

Supplementary assessment is available for this course.

Learning resources

You'll need the following resources to successfully complete the course. We've indicated below if you need a personal copy of the reading materials or your own item.

Library resources

Library resources are available on the UQ Library website.

Additional learning resources information

None

Additional costs

Item Description

None

Learning activities

The learning activities for this course are outlined below. Learn more about the learning outcomes that apply to this course.

Filter activity type by

Please select
Clear filters
Learning period Activity type Topic
Week 1
Lecture

Course overview and assessment

Course overview: Basic product/service innovation concepts, innovation as a source of competitive advantage, marketing input in the NPD/NSD process Course activities and assessment briefing---formation of groups

Readings/Ref: Crawford & Di (Chapters 1,2).

Week 2
Lecture

Opportunity identification and selection

Idea generation, Sources of new product/service ideas, the market driven vs market driving debate in product and service strategy, emergent BOP markets.

TUTORIALS STARTING THIS WEEK.

Readings/Ref: Crawford & Di (Chapters 1,3)

Tutorial

Tutorial 1

Group formation

Class discussion/ Group exercise


Week 3
Lecture

Concept generation

Extending the identified market opportunities to generate new product/service concepts - finding and solving customer problems, what constitutes a new product/service concept.

Readings/Ref: Crawford & Di (Chapters 1,2,3,4)

Tutorial

Tutorial 2

Class discussion

New product concept development


Week 4
Lecture

Concept project evaluation

Concept evaluation system - a critical stage in NPD/NSD. Concept testing (customer-focused)procedure and full-screen (technical-commercial evaluation) process

Readings/Ref: Crawford & Di (Chapters 8, 9, 10)

Tutorial

Tutorial 3

Class discussion

New product concept to be finalised in consultation with the tutor. Prepare for oral presentation.

Week 5
Lecture

Sales forecasting and product protocol

Product and service pricing, sales forecasting for new products, ATAR model, product protocol, voice of the customer (VOC).

Readings/Ref: Crawford & Di (Chapters 8,11,12)

Tutorial

Tutorial 4

Class discussion

New product concept - oral presentations (Group) starting this week at tutorials.

Week 6
Lecture

Design and team building issues

Design and team building: Product/service design issues, universal principles, marketing input in product and service design, organizational design issues and team building

MAJOR PROJECT SUBMISSION GUIDE - DISCUSSION

Readings/Ref: Crawford & Di (chapter 13, 14); Lovelock ( chapter 3)

Tutorial

Tutorial 5

Class discussion

New product concept - oral presentations (Group)

Week 7
Lecture

Product use testing

Product use testing and NSD process, how NSD differs from NPD; Why Product use testing (PUT), methods, arguments for/against PUT.

Readings/Ref: Lovelock (chapter 3), Crawford & Di (chapter 15).

Tutorial

Tutorial 6

Class discussion

New product concept - oral presentations (Group)

Week 8
Lecture

To be announced

Tutorial

Tutorial 7

Class discussion


Week 9
Lecture

Competing on services

Services blueprinting and positioning, Service-based competitive strategy, Strategic service development for gaining positional advantages in competitive markets, managing customer experience. No text chapter - readings provided on Blackboard.

MAJOR PROJECT SUBMISSION PROGRESS REVIEW + WORKSHOP

Readings/Ref: Lovelock (chapter 3) + Readings.

Tutorial

Tutorial 8

Class discussion

Refining new product concept - Survey planning and launch.

Mid Sem break
No student involvement (Breaks, information)

In-semester break

No classes.

Week 10
Lecture

New product/service launch

Revisiting strategic goals, strategic platforms, strategic marketing issues, planning and execution of the launch effort

Readings/Ref: Crawford & Di (16,17,19).

Tutorial

Tutorial 9

Class discussion

Major project submission review.

King's Birthday - Monday 6 October 2025 - Check Blackboard for announcements about affected classes.

Week 11
Lecture

High-tech product marketing strategy

Characteristics of high-tech products, Innovation diffusion theories, 'crossing-the-chasm', entrepreneurial marketing strategies to reach mainstream markets -- no text chapter -- readings provided on blackboard.

Readings/Ref: Not in Textbook. Extra readings will be provided.

Tutorial

Tutorial 10

Class discussion

Week 12
Lecture

Public liability, ethical and legal issues

A cycle of concerns in product/service marketing, product liability and sustainability initiatives.

Readings/Ref: Crawford & Di (Chapters 20)

Tutorial

Tutorial 11

Class discussion


Week 13
Lecture

Course review and final exam guide

Revisiting the course content and final exam guide.


Tutorial

Tutorial 12

Class discussion

Additional learning activity information

Sustainable Development Goal

This course integrates the following Sustainable Development Goal through lectures and assessment.

Goal 12: Responsible consumption and production

Policies and procedures

University policies and procedures apply to all aspects of student life. As a UQ student, you must comply with University-wide and program-specific requirements, including the:

Learn more about UQ policies on my.UQ and the Policy and Procedure Library.