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Market expansion

A large consulting firm wants to explore opportunity with ERP software provider. The software provider has core product which manages all modules of ERP. The software could help the clients of the consulting firm to look into their supply chain health and status.Consulting firm believes this could act as a market diffrentiator for the firm and help address client needs.Consulting firm wants to position the solution in European markets first. 

Questions

What is the potential financial return revenue and market share. 

Gtm strategy for the consulting organization 

 option to grow  the practice

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Top answer
Clara
Coach
on May 08, 2022
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

Hello!

Since this is a very similar question to one that I just answered, I assume it´s the same person. Similarly, I would suggest you to first give it a shot, and then ask for help to the community :)

Cheers, 

Clara

Anonymous A
on May 09, 2022
Approach taken to calculate market size
No of listed companies* maximum willingness to pay for software*%of companies willing to buy or switch to software
Market share
Percentage of consulting revenue/total consulting market
Revenue
Market size*market share*%of commission from s/w company
Gtm strategy
Growth of market
Segmentation
Market capture- organic growth- price of s/w* no of companies * growth rate
Customer acquisition cost

Competitors analysis
Product features and pricing
Company capability of employees ( inhouse s/w development vs jv vs partnership) and training of staff, hiring cost
Customer segmentation of companies based on market cap
Distribution channel
Price sensitivity of customer
Geographical distribution of companies
Competitors
Product offerinpricing
Target segment of customer
barrier to entry
Cost of the partnership
Hiring cost
Customer acquisition cost
Training cost
Revenue
Consulting practice revenue+ % share from each software sold by the company
Profit>20% go else no go
Is there any parameter i am Missing out?
on May 08, 2022
#1 rated McKinsey Coach

Sorry, but do you mind clarifying your ask? It's a bit difficult for any of us to add value here if we don't even understand how we can help :)

Ian
Coach
on May 08, 2022
Top US BCG / MBB Coach - 5,000 sessions |Tech, Platinion, Big 4 | 9/9 personal interviews passed | 95% candidate success

Hi there,

If you're looking for us to give you a framework, you need to be clear with your ask and say “what would be a good framework here".

If that is indeed what you're looking for, I suggest you try first so that we can give you feedback!

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