GO TO MARKET STRATEGY
june 2020
context
Industry: IT
Location: Moravia
Duration: 2 months
IT company focused on data management and evaluation for state administration with more than 15 years of experience. The development department created a separate unique product, focused on data analysis and visualization for business companies.
challenge
The company enters a market with a new product, unknown to them. He does not have enough experience to successfully start a B2B project. The owners of the idea know that the technical solution is useful for commercial companies, but they cannot transfer the idea to “trade”.
solution
As part of the consultations, a project team was created, with which we defined the basic parameters of the project using the Innovation Project Charter. Using the Business Model Canvas, a Go-to-market strategy was created, including all the conditions necessary for the successful entry of a new product into the trading markets. The set strategy was extended by action steps and metrics for evaluating the success of the project.
Together with a team of salespeople within the training, we created a matrix of unique sales parameters and business arguments to strengthen business skills.
result
The company used its experience in setting business strategies, which:
- define and delimit the market it enters;
- clarify the definition of the selection of the customer portfolio and the segment with the highest growth potential by analysis and prediction;
- defined the offer and anchored the position of the brand by creating a USP company;
set up optimal marketing tools and distribution channels; - by creating an argumentative FAB, the battery streamlined the actions of traders in the “field”.
Using the knowledge and experience of a consultant, the company underwent a change in mindset to the business strategy for a new product, thus significantly reducing the time to A / finding the optimal tools for creating a business funnel, B / avoiding the common strategy of “shooting what moves” and C / equipped traders with argumentative batteries for field work. It created a targeted list of 800 items of potential (customers), of which 6 business opportunities are in the negotiation phase in the first month after the start of cooperation.