How to Stay Ahead of Product and Go-To-Market Innovations in the Mobile Technology Industry

10
Page | 1 How to Stay Ahead of Product and Go-To- Market Innovations in the Mobile Technology Industry CASE STUDY

description

A mobile technology company that offers real-time interoperability (RTI) solutions for otherwise incompatible mobile platforms and mobile networks faced growing threats from competitors in both product development and go-to-market activities. Working with Fuld + Company, the client was able to establish competitive profiles of competitors, assess threats, and get a handle on relevant industry trends.

Transcript of How to Stay Ahead of Product and Go-To-Market Innovations in the Mobile Technology Industry

Page 1: How to Stay Ahead of Product and Go-To-Market Innovations in the Mobile Technology Industry

Page | 1

How to Stay Ahead of Product and Go-To-Market Innovations in the Mobile Technology Industry

CASE STUDY

Page 2: How to Stay Ahead of Product and Go-To-Market Innovations in the Mobile Technology Industry

HOW TO STAY AHEAD OF PRODUCT AND GO-TO-MARKET INNOVATIONS IN THE MOBILE TECHNOLOGY INDUSTRY WWW.FULD.COM

Why Choose Fuld

There was an enormous amount of learning on our end because we had not had a competitive intelligence function in the company until we made a key hire. Fuld did excellent work and we continue to benefit from it. Most helpful were the predictions about the industry, which have proven to be true.

− Market Intelligence Manager from the company

Client Testimonial

Page 3: How to Stay Ahead of Product and Go-To-Market Innovations in the Mobile Technology Industry

HOW TO STAY AHEAD OF PRODUCT AND GO-TO-MARKET INNOVATIONS IN THE MOBILE TECHNOLOGY INDUSTRY WWW.FULD.COM

A Mobile Market Requires an Agile Company

A mobile technology company that offers real-time interoperability (RTI) solutions for otherwise incompatible mobile platforms and mobile networks faced growing threats from competitors in both product development and go-to-market activities. Working with Fuld + Company, the client was able to establish competitive profiles of competitors, assess threats, and get a handle on relevant industry trends. The result: they acquired a baseline understanding of the competitive landscape and established an ongoing intelligence operation affording greater strategic agility in the face of rapid innovation.

Case Overview

Page 4: How to Stay Ahead of Product and Go-To-Market Innovations in the Mobile Technology Industry

HOW TO STAY AHEAD OF PRODUCT AND GO-TO-MARKET INNOVATIONS IN THE MOBILE TECHNOLOGY INDUSTRY WWW.FULD.COM

New Entrants Everywhere Key Business Challenges

The client faced more than a dozen well-established competitors around the world. At the same time, rapid technological advances and low barriers to entry had made it possible for new entrants to pop up everywhere. Between the established competitors and these new rivals, the client had seen revenue decline in the segment.

Page 5: How to Stay Ahead of Product and Go-To-Market Innovations in the Mobile Technology Industry

HOW TO STAY AHEAD OF PRODUCT AND GO-TO-MARKET INNOVATIONS IN THE MOBILE TECHNOLOGY INDUSTRY WWW.FULD.COM

Those Who Know Key Business Challenges

• A fluid technological landscape . . .

• tiers of competitors ranging from giants to upstarts . . .

• a rich field of potential acquisitions . . .

• a market that was a constantly shifting kaleidoscope of pricing and product innovations . . .

Getting a handle on the market’s speed and complexity would require tapping into highly specialized knowledge possessed by only a small number of people around the world.

Page 6: How to Stay Ahead of Product and Go-To-Market Innovations in the Mobile Technology Industry

HOW TO STAY AHEAD OF PRODUCT AND GO-TO-MARKET INNOVATIONS IN THE MOBILE TECHNOLOGY INDUSTRY WWW.FULD.COM

Bringing Competitors, Customers, and the Industry into Strategic Focus

The Fuld Approach

Despite the difficulty of access to genuine knowledge about the market, Fuld was able to uncover, among other things, the key components of relevant competing platforms, pricing tactics and philosophies, relevant strategic partnerships, product sales strategy, and product development challenges. On the customer side, we provided insights about the criteria that drove RTI vendor selection, how customers viewed various vendors, and other components of their purchase decisions. And in the industry at large, we identified relevant trends in apps, analytics, talent, and industry consolidation – insights that we presented to the company’s Board of Directors.

Page 7: How to Stay Ahead of Product and Go-To-Market Innovations in the Mobile Technology Industry

HOW TO STAY AHEAD OF PRODUCT AND GO-TO-MARKET INNOVATIONS IN THE MOBILE TECHNOLOGY INDUSTRY WWW.FULD.COM

Steady Intelligence in a Volatile Market Key Business Impact

The competitor profiles and threat assessment enabled the client to establish an ongoing market intelligence capability that was automated to distribute timely updates to the appropriate people throughout the company. This intelligence, combined with our industry insights, positioned the company to make more fully informed strategic decisions in a fast-moving market.

Page 8: How to Stay Ahead of Product and Go-To-Market Innovations in the Mobile Technology Industry

HOW TO STAY AHEAD OF PRODUCT AND GO-TO-MARKET INNOVATIONS IN THE MOBILE TECHNOLOGY INDUSTRY WWW.FULD.COM

Degree of Difficulty: High The Fuld Review

Given a far from transparent market and the limited number of people who can speak authoritatively on the product and go-to-market innovations we were investigating, we understood the magnitude of the challenge we faced. So did the client. But through our way of working together – sharing intelligence weekly and constantly sharpening the focus – we were able to hit the bull’s-eye and provide an accurate baseline for ongoing intelligence and actionable industry insights.

Page 9: How to Stay Ahead of Product and Go-To-Market Innovations in the Mobile Technology Industry

HOW TO STAY AHEAD OF PRODUCT AND GO-TO-MARKET INNOVATIONS IN THE MOBILE TECHNOLOGY INDUSTRY WWW.FULD.COM

Think a similar solution could work for your organization?

CONTACT US fuld.com/solutions

Page 10: How to Stay Ahead of Product and Go-To-Market Innovations in the Mobile Technology Industry

HOW TO STAY AHEAD OF PRODUCT AND GO-TO-MARKET INNOVATIONS IN THE MOBILE TECHNOLOGY INDUSTRY WWW.FULD.COM

NORTH AMERICA

Global US Headquarters 131 Oliver Street , 3rd Floor | Boston, MA 02110 | USA | +1 617 492 5900

EUROPE London: 20 Conduit Street | London W1S 2XW | United Kingdom | +44 (0) 7659 6999

ASIA PACIFIC Manila: 3402 One Corporate Centre | Julia Vargas cor. Meralco Ave. | Ortigas Center, Pasig City | Philippines | +63 (0) 706 3292

About Fuld + Company

WHO WE ARE

Since 1979 Fuld + Company have pioneered competitive intelligence, and today we work with leading companies worldwide to deliver the competitive and market insights they need to make better business decisions. We don’t rest on our history and past successes. This means working hard to deliver uncompromising analysis that generates sound advice and earns us enduring partnerships with our clients.

WHY CHOOSE US

We are driven to expose our clients to insights about their industry, their competition and a changing market; designed to help avoid surprises and industry shocks. Through deep research, penetrating analysis and strategic gaming + advisory expertise, our team of professionals help you identify and solve tactical and strategic challenges. We help reduce the risks associated with business-critical decision making.

COMPETITIVE + MARKET INTELLIGENCE

Competitive + Brand Insights

War Games / Competitive Simulations

Market Analysis, Share + Sizing

Supply Chain Mapping

GO-TO-MARKET STRATEGY

Brand + Product Positioning / Launch Support

Product Portfolio Roadmap

New Market Entry / Segmentation

Value Chain Analysis

Life Cycle Management

Win / Loss Bid Support

CORPORATE STRATEGIC PLANNING

Early Warning + Scenario Planning

Sales Force Effectiveness

Merger/Acquisition + Licensing

Innovation Strategy

Business Model / Industry Convergence