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BUSINESS DEFINITION MARKET STRATEGY IMPLEMENTATION BUSINESS PLANNING
BUSINESS DEFINITION
l Market Space - facilitate application concepts brainstorming, prioritization, and external validation; provide an independent summary of the opportunity space l Industry Interviews - identify and facilitate expert interviews; prioritize and expand product concepts l Differentiation - Analyze 3Cs (costs, customers, competition) - define competition and market positioning l Product Definition - features and benefits, key differentiators, costs of doing business, internal vs. external sourcing
MARKET STRATEGY
l Opportunity Sizing - translate application spaces into addressable market sizes l Market Entry - identify entry options, pros/cons, recommend market entry strategy l Economic Modeling - identify market models via market research and analysis of industry comparables l Financial Modeling - revenue lines/pricing, market share/adoption, margins for NewBiz P&L l Communications - capture core value of technology; build buy-in around unified strategic plan
IMPLEMENTATION
l Implementation Plan - identify key hurdles; target partners, alliances, capabilities required (e.g. manufacturing, distribution, brand) l Alliances & Partnerships - identify top candidates and fit with client technology; develop 'pitch'; outline product and strategic fit, key benefits l Initiate Contact - present client technology, generate Memorandum of Understanding (MOU), and move to Letter of Intent (LOI) working with client management and legal resources BUSINESS PLANNING
l Business Plan Writing - Integrate market opportunity, strategy, competition, implementation, partnerships, industry validation, and financials into a cohesive business plan for internal and/or external funders l Business Presentations - write and present PowerPoint presentations to corporate decision makers, potential funders, and partners
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