Sector: Automotive
Assignment: Assessment of the clients existing ‘Go to Market’ strategy
Period: 2009
Background
After testing a product concept in a minor fashion, the client had started a sales and marketing campaign to expand on the initial findings and to generate a revenue stream. The product concept was not mainstream to the organisation’s existing operational focus. Circumstances created a gap between these launch actions
and subsequent follow up.
Assignment
• To assess awareness of the product opportunity with major original manufacturers and their dealer networks
• To recommend a course of action to deliver return on investment
Methodologies
• Desk and phone based research on sector
• Gap analysis on the product concept
• Direct phone contact with all major original manufacturers and their dealer networks in the sector in UK
• Concept check with leading consultant in the sector
Outcomes
Verification that the concept was viable and that there was a gap in the market available for exploitation.
Recommendation to client to significantly amend their original sales and marketing strategy in order to make a quicker return on the initial investment.
Recommendation to the client that licensing the product would be a better option for them than maintaining direct control of the sales and marketing activity and incurring the on-costs of such operations.
There was swift agreement on this course of action leading to the sourcing and introduction to the client of a specialist third party consultancy from which the licensing agreement was successfully concluded.
Client now enjoys a revenue stream from their concept allowing them to focus on their core business activities.
©Myron Partnership 2011