The book, now in its third edition, continues to elucidate the concepts and topics of Product Policy and Brand Management in a concise and clear manner. The text has been further enriched by introducing nine more case studies based on the power of branding, positioning of the brands, repositioning and pricing strategy.

The book has been systematically divided into four parts. Part I on "Fundamentals of Product Management" throws light on the concepts of product and its management, role of product managers, product life cycle, diffusion models, developing a product manager, and the product planning system and strategies. Part II on "New Product Development" explains the challenges that are faced by a new product during its development, the test marketing stages and its alternatives, launching a product, future trends of product management and success stories. Part III on "Brand Management" defines branding, branding decisions, brand equity, brand identity, and brand positioning. Whereas, Part IV exclusively includes 30 live case studies that provide an analytical and practical insights to the readers on the discussed concepts.

The text is primarily intended for the students of MBA, MMS, and ME/MTech (Industrial Management). Besides, the book is also a valuable source for practising managers.

The new edition of the book incorporates nine new cases on:

1. Power Branding
2. Keo Karpin Hair Oil
3. Which Butter is Better
4. Positioning a Detergent Bar Between Bar Soap and Detergent Cake
5. Repositioning of Tea Brands
6. Price War over Bottled Mineral Water Industry
7. Delight-Increasing the Power of Milk
8. Product and Technological Obsolescence: A Story of Turnaround by Eastman Kodak
9. Two Wheeler Industry in India