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Market expansion

market access
New answer on May 08, 2022
3 Answers
517 Views
Anonymous A asked on May 08, 2022

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

(edited)

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Best answer
Clara
Expert
Content Creator
replied 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

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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?

Cristian
Expert
Content Creator
replied on May 08, 2022
#1 rated MBB & 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 :)

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Ian
Expert
Content Creator
replied on May 08, 2022
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

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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Clara gave the best answer

Clara

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McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut
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