SECTION I: The product
1a |
The innovation potential of this product is related to:
|
The product is an implementation and an improvement of existing technologies on the market. |
1b |
What added value for end-users does the product hold? • higher quality • Better technical characteristics • Other … |
The added value for end-users is higher quality. Main features of the product are:
|
1c |
What is the Unique Sales Proposition of the potential product? |
In marketing terms what makes the product unique is the completeness of the possible functions and the ability of integration with traditional systems. |
SECTION 2: The Market
2a |
What is the target market for the product? Please describe the characteristics of your target market.
x National ¨ European ¨ Global |
2b |
How the product is characterized from the following options? Number of companies producing similar products in the field.
• Base – applied by all companies in the industry • Leading – applied by a single or limited number of competitive companies • Key –at a development stage, but has already proven its potential |
Companies that offer the service of installation and management of integrated business communications based on VoIP in Italy there are not many but this is a developing sector in recent years. |
2c |
What type of market demand will be satisfied?
• Existing demand – the market is already developed • hidden (latent) demand – the market has yet to be developed |
The product fits within an existing market demand.
Target Market can be so defined:
|
2d |
What is the current stage of the product’s market life cycle?
• Implementation, implementation in production (leading to a radically new product offers) • Growth (rapid spread within the industry or outside it) • maturity (parameters of the technical characteristics of manufactured products reached their maximum, higher-grade products can be manufactured on the basis of technological substitution) |
The current stage of the product’s market life cycle is maturity. |
2e |
Strategic partnerships (existing or potential). |
Potential strategic partnerships could be created with companies operating in field of:
marketing: to advertise and demonstrate the potential of the product to interested companies. |
SECTION 3: The Competition
3a |
What is the competition within your target market? |
Note: Refer to other companies producing the same product | |
The current competition with other companies in the industry is built around: - Lower costs; - Simple user interface for using the software. |
3b |
What competitive advantages will the introduction of the new product ensue?
• lower prices based on lower production costs • product differentiation (uniqueness of the product proposal) |
The competitive advantage is the product differentiation: MMP solve the problem of integration of all its functions with existing sistems and lines. In addition to making VoIP phone calls possible, these exchanges can interact with most existing PBX, to be connected to outside lines (ISDN, PRI, analogic lines) every situation making them versatile and can be integrated into existing systems. |
3c |
Potential products relate to the following price range:
• High price range • Average price range • Low price range |
The product fits on a low price range. The system reduces costs in the operational phase. |
3d |
Potential products will be marketed:
• To regulated markets (e.g. heat supply, water supply, universal telecommunication services, agricultural products, fishing industry, architectural services) • To markets operating on the principle of free negotiation between agents on the market |
It is already functioning and available on the market. |
SECTION 4: Indicators
Estimated cost of the new products | (Average) € 500 |
Expected market volume (potential / maximum number of users) | 3.000 p. year |
Expected sales volume | 150 p. year |
Expected market share of the company (proportion between sales and total company sales in the relevant market) | 5 % |
KEYWORDS QUANTITATIVE ASSESSMENT (0-5).
Added-value potential |
1 |
2 |
3 |
x |
5 |
Size of future market demand |
1 |
2 |
x |
4 |
5 |
Competitive positioning of the product |
1 |
2 |
x |
4 |
5 |