How to structure the go-to-market strategy?

4P Framework Framework
Recent activity on May 13, 2018
1 Answer
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Anonymous A asked on May 13, 2018

Hello,

Instead of using 4 Ps (product, pricing, place, promotion), how should I structure the go-to-market strategy?

Thanks.

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Vlad
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replied on May 13, 2018
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School

Hi,

I recommend starting with clarifying the objective - Which metrics you need to achieve with the product? Then I will follow up with the structure:

Analyze the market:

  • Size and growth rates
  • Segments (geographical, customer, product)
  • Distributors / Suppliers
  • Regulation
  • Key market trends

Analyze our product:

  • The value proposition of a product (Core / non-core features),
  • Different use cases for the product (Business / private / government, etc)
  • Unit economics (Current unit costs and costs in relation to scale, Investments, ROI targets, Competitor / substitutes pricing)
  • Key capabilities to compete (Patent, distribution, etc)

Analyze the competitors:

  • Market shares, growth rates, profits
  • Product / customer / geographical mix
  • Products (Value proposition)
  • Unit economics (Value proposition vs. price vs. costs)
  • Key capabilities (Distribution, supply, assets, knowledge, etc)

Go-to-market strategy:

  • Channels
  • Time to market
  • Costs, benefits, and investments

Best!

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Vlad

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