Framework – Identifying new markets and products

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Survey new market landscapes with progressively more quantitative and detailed approaches as needed. Pause along the way to synthesize learnings and recalibrate. Build a roadmap based on specific criteria applied to markets and product concepts. Ensure these are actionable within realistic constraints.

Survey new market landscapes with progressively more quantitative and detailed approaches as needed. Pause along the way to synthesize learnings and recalibrate. Build a roadmap based on specific criteria applied to markets and product concepts. Ensure these are actionable within realistic constraints.

LANDSCAPE

  • Construct landscape and scope fields of interest
  • Develop market assessment hypotheses
  • Conduct and synthesize primary qualitative research
  • Conduct and synthesize primary quantitative research

ROADMAP

  • Agree on the selection criteria
  • Screen new markets and product concepts using the criteria
  • Apply boundary conditions to establish the new product portfolio

REPRESENTATIVE LANDSCAPE DELIVERABLES

Develop market assessment hypotheses

  • Overview
  • Market characteristics
  • Market drivers
  • (Semi-) Quantitative views of the market
  • If useful, market diagram / map

Conduct and synthesize primary qualitative research

  • Preliminary strategic thesis assessment
  • Best-guess of what is necessary to succeed and related commentary
  • Preliminary competitive assessment
  • High-level market modeling

Conduct and synthesize primary quantitative research

  • Major risks and commentary
  • High-level financial model
  • Detail of assumptions underlying financial and market models
  • Knowledge gaps and recommendations for closing

REPRESENTATIVE ROADMAP DELIVERABLES

  1. Selection criteria
  2. Boundary conditions
  3. Summary and detailed product concept definitions
  4. Adjacency rating
  5. Market sizing analysis
  6. First pass data availability and cost estimates
  7. Preliminary assessment of concepts into categories of attractive and adjacent, attractive but non-adjacent beachheads, screened out by deal breakers, and unattractive

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