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What
is the essence of your proposition?
(Do consumers readily understand what you are offering? Is
your idea unique? |
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Is
your product judged to be a good consumer price/value?
(Both in an absolute as well as a relative sense vs. competition?) |
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How
well does your product perform?
(Hedonics vs. competition?) |
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How
do you plan to promote?
(What kind/magnitude of advertising? Coupons? Trade deals?
Other? |
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What
is the magnitude of the proposition?
(What does the sales curve look like -- Year I, II, etc.?) |
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How
profitable do you expect this product to be?
(When will you break even? What is the product contribution?
ROI? ROA? |
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Does
this product fit with the long-term vision?
(Does it shift the portfolio favorably? Does it strengthen current
business? |
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Does
the product offer any long-term marketing leverage?
(Does it offer the opportunity to solidify / strengthen your current
position or launch you on a new course?) |
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Does
the product take advantage of / leverage current technology?
(Is the idea patentable? Protected? Insulated? For how long?) |
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What
is the capital investment required?
(Does the product require a specialized manufacturing environment
/ machinery? Is it adaptable to other products present or
near future? What is the projected internal, rate of return? |
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Who
is the primary consumer for this product?
(Who, if any, might be secondary target segments? Any others?) |
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How
well does your proposition fit with the long-term consumer trends?
(Is this a long-term business proposition? How will people integrate
this into their lives? Does the product have long-term relevance
to your total portfolio?) |
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How
will your trade customers react/respond to the product?
(What impact might it have on your other products?) |
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Will
any special considerations be required in order to gain distribution?
(Merchandising allowances? Stocking fees? Failure fees? Etc.) |
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When
do you plan to enter the market?
(Where? How - test or commercial venture? Expansion plans?) |
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Who
do you see as your competition?
(Primary? Secondary?) |
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How
might the competition react/respond to your introduction?
(How do you plan to respond in turn?) |
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How
do you know that?
(Is
your position based on fact or intuition? Do you have more
than one source of substantiation?) |
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What
are your critical assumptions?
(What
could upset your business proposition? Critically? Fatally?
What are the major unanswered questions? How/when will you
answer?) |
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What
are the odds of success?
(What
is the likely outcome? Does this require exceptional cooperation
to execute?) |