Strategic Go to Market Assignment

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Overall, go-to-market strategies are used to create the following benefits within an organization:

 

  • A clearly defined plan and direction for all stakeholders.
  • Reduced time to market for products and services.
  • Increased chances of a successful product or service launch.
  • Decreased likelihood of extra costs generated by failed product or service launches.
  • Enhanced ability to react to changes and customer desires.
  • Improved management of challenges.
  • An established path for growth.
  • Ensured creation of an effective customer experience.
  • Guaranteed regulatory compliance.
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Description

A go to market strategy is a tactical action plan that outlines the steps necessary to succeed in a new market or with a new customer. It can apply to pretty much anything, from launching new products and services, to re-launching your company or brand, or even moving a current product into a new market

A go-to-market strategy (GTM strategy) is an action plan that specifies how a company will reach target customers and achieve competitive advantage. The purpose of a GTM strategy is to provide a blueprint for delivering a product or service to the end customer, taking into account such factors as pricing. A GTM strategy is somewhat similar to a business plan although the latter is broader in scope and considers additional factors like funding

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