Business opportunities in nearby locations Knowing my specialised service better and strategize accordingly Tie ups with similar colleges Digital strategy online presence Increased timings
-------------------------------------------------------------Structuring the ideas is essential
2 quadrants ----- Geography (Segment of Customers) & Product -------------------------------------------------------------Why Orgs dont go to new markets very often: Benefit realisation Uncertain Demand Have I Saturated my market yet? Regulatory Constraints No practical resources (Capital, Human resources etc.) Reasons for going to new product: not necessarily every new products hits 2 routes of growing business newer lucrative products of new markets. Creating new need Value add in product Eg. Moisturiser with sunscreen Indulger Explorer Ind - Remains with whats in hand Exp Explores new opportunities (AT&T acquiring Time warner 64 Bn $) **********************************************************************************
------------------------------------------------------------------------------------------------------------------------------------Assessing opportunities to allocate resources
How to identify Investment strategy to realise better benefits Broad Qns: Where and how(Micro Strategy must be done to know how much) much to invest? Existing Product Line: Sweet(Dogs), Beverage (Star), Lunch box (Core Competency Cash Cow) and chats & Snacks (Question Mark - Uncertain) 2 Ways Knowing which product produces revenue and where to invest more to getter better benefits (Core business is Cash cow) (Star Invest and Grow) (Something which are decaying - Dogs) (Uncertain products Question marks) For assuming what is high and low of Market share and growth rate go for bench marking Family can also be applied New-born (?), Child(Star), Adult (Cash cow) and grandparents(Dogs) ********************************************************************************** Differentiation VS Cost Leader &
Blue ocean Strategy
Intelligent via media (Extremely difficult)
Assortments/ Differentiation costs a company obvious to price more Strategy canvas Price Vs Dimensions of Features (Comparison Chart with different players) Taking Demand to a uncompleted market is called blue ocean strategy Blue ocean Vs Red Ocean Blue ocean Un Competed market Red Ocean Full competition Trader Joes Case Strategic Cost Cut and Strategic Invest ********************************************************************************** Five Forces Model (To analyse Profitability Potential) Threat of new entrants Bargaining power of Buyers Wallmart effect Bargaining power of Supplier - Intel Effect Threat of Substitute Car owning Vs Uber
Rivalry amongst Existing Competitors How many players already
********************************************************************************** Product Life Cycle (Tracing Sales and Profit Over Lifetime) Objective is to have different phases for different products Stages: Product Development R&D , Mkt Research (Pre Revenue Phase) Intro- have a time check Growth Milk as much as possible Maturity Feature adds Decline- Delay the rate of decline ********************************************************************************** Value Chain analysis Vertical Value chain highly integrated (Reverse and fwd. Integration)