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Saturday, September 10, 2011

Basic Questions To Ask in Strategic Market Audit

  • Type of customer going after and how 
    • Category non-users to think of the category (development communications)
    • Users thinking of coming to category to try the category (category recruitment)
    • Influencing new comers to the category to come to the company ( promotion)
    • Influencing a particular competitors' heavy / reg/ light / lapsed users to come
    • Trying to get customers to put our company into the consideration set
    • Trying to get from consideration set to trial ( conversion)
    • Trying to get from customers to loyal and heavy customers
  • Trying to accomplish this
    • By emphasis on GTM - influencing the external world to buy more
    • By emphasis on VP - influencing internally to transform itself
  • By push or pull
  • How are the customers coming to market 
    • Not coming to market - Need unfelt - not open to product ideas
    • Need felt - but not begun looking for products
    • Need felt - begun searching - unclear idea of what / where the solutions are
    • Need felt - found solutions - but still a niche market
    • Need felt - found solutions - experience built up - + and - are known
    • Segments appear in solutions
  • Readiness to consider : how many people in the population - are at what stage of coming to market
    • How many have you in their consideration set
    • How many hot prospects - urgent need + budget + plans + authority
  • What are  we selling : capability ? Products ? Service ? Solution ?
  • X axis = Extent of customization.
    Y Axis = Extent of order size
    Z Axis = Number of customers

    FMCG : Low customization, low order size, many customers
    Niche FMCG : Low customization, low order size, few customers
    B2B "Supplier" : Big order size, low customization, response-credit-delivery
    B2B "Vendor" : Big order size, high customization
     
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