Typical insights needed:
• Which market segments have the highest value?
• Which opportunities will yield the greatest profits the fastest?
• How will different market segments react to the offering?
• What marketing, sales and support effort is required for each offering?
• How quickly can I get to market and reach profitability?
Finding the answers:
This is a great challenge to have, but a challenge nonetheless. Haphazardly choosing which opportunities to pursue when things are going well is often a sure-fire way to have things go bad. The most profitable opportunities will match your company's strategic direction to well-defined customer needs and readiness. The key is using qualitative and quantitative evidence to identify which opportunities best fit that bill.
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