| Cause of New Product Failure | Percentage of Reporting Companies |
|---|---|
| Inadequate market analysis | 24% |
| Product problems or defects | 16% |
| Lack of effective marketing effort | 14% |
| Costs higher than anticipated | 10% |
| Competition | 9% |
| Poor timing | 8% |
| Technical or production problems | 6% |
| Other causes | 13% |
© 2008 John Michael Pierobon