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STRATEGIC NAVIGATION

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Strategic Navigation

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Services Commercialize Optimize Experience About the Astrolabe
 
Product Market Optimization

A key element of Astrolabe Partners’ approach to “strategic navigation” is a Product Market Optimization process (PMO) designed to provide sound and actionable deliverables.

Product Market Optimization projects are ideal for clients who are introducing new products or entering new markets.  Objectives of the work typically focus on:

Compass RosespacerIdentifying the most advantageous market segments

Compass RosespacerDefining the feature and function sets needed to "win”

Compass RosespacerOptimizing the offering package and go-to-market strategy

Specific client project objectives and deliverables may be designed to include a subset of the PMO process elements based on client needs, time constraints and available resources.

Projects are typically set up in discrete phases and are designed to complement, support or extend the bandwidth of existing client staff resources. As many as ten different elements may be considered during formation of sound actionable plans that matching product development and go-to-market strategies with the most appropriate market opportunities (see "Steps to Optimize" below ).

As appropriate, Astrolabe Partners’ activities may include facilitation and participation in work sessions, data collection and analysis, development of hypotheses and recommendations, implementation planning, and assisting on meetings with potential customers or partners.

Although the requirements for each project are unique, the general approach is illustrated below.

 
Product Market Optimization
Steps to Optimize    
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Key elements that may be included in a specific PMO project:
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Compass Rosespacer Market analysis and segmentation review to better define the potential markets that are being (or may be) targeted spacer
Compass Rosespacer Segment opportunity analysis and application matrix development to help define a well-focused set of problem and solution hypotheses  
Compass Rosespacer Environmental analysis to identify direct competition, indirect competition and potential barriers to entry by major segment and application  
Compass Rosespacer Assessment of internal and external value drivers based on identification of major assumptions, unknowns and key success factors  
Compass Rosespacer Target segment prioritization based on tactical value, strategic value and “doability”  
Compass Rosespacer Product development review and gap analysis against priority segments and applications  
Compass Rosespacer Product development priorities and critical hypotheses to be tested based on segment attractiveness and offering requirements  
Compass Rosespacer Constituent and message analysis to develop the initial strategies for pursuing target markets  
Compass Rosespacer Channel analysis to define the potential role of direct and indirect channels, strategic partnership and alliances (including direct, distribution, OEM and licensing options)  
Compass Rosespacer Offering package optimization to address pricing, service offerings and other “packaging” elements critical for success in target markets  
   


     
     
   
     

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Last modified: May 1, 2010
   
Copyright © 2010 Jonathan C. Mixter