| A major electronic
systems company was about to launch a new product in a new product/market
segment and was concerned about potential competitive reactions
in terms of product repositioning, potential
pricing actions and strategies that might lock them out of the
best channel partners.
Vericours
analyzed current and potential competitor products and capabilities
and defined a strong, differentiated, value
proposition for the new product. We then analyzed possible competitive
reactions, with a focus on potential product bundles as well
as individual pricing actions. We then defined
counter strategies for each likely competitive response and established
a competitive intelligence early warning system to identify competitive
counter strokes early in the process. Finally
we defined detailed action plans to implement counter strategies
for the most likely competitive responses.
Further
we identified the most attractive channel partners and constructed
a value proposition to enable the client to
preemptively acquire those channels as partners.
We
also put in place channel management systems, evaluation metrics,
and support capabilities, as well as sell through
monitoring metrics designed to detect double ordering during
times of product shortage and inventory accumulations early in
periods of market slump.
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