Case – New Markets – Go or No Go
The Problem
- The client wanted to maximize revenue potential for a new product by selling into a new application area.
- They did not know if this was a viable strategy.
Our Actions
- We determined the value proposition for the new offering and the potential market size.
- We assessed he competitive landscape and highlighted likely responses
- We determined the key barriers to entry including workflow, intellectual property, brand strength, and resource requirements.
The Results
- The client realized that they would probably not achieve their goals in this new segment.
- They decided to focus solely on the current market segment and efficiently use their resources where the profits were more likely.
“Paul is a well networked expert in the technical and marketing aspects of high value research instruments. Since our time together at PerSeptive, I have used Paul’s consulting services for strategic planning, IP diligence and technical development. Both myself and my clients are very satisfied with Paul’s services.”
- Jim Richey, President and CEO, Auguron Biosciences