Most businesses that need to select a target segment of the market will need this kind of elementary analysis in the first place. The framework also gives the highlights of each segment and the strategy that needs to be employed for winning in that segment. The framework and the strategy are given in a very concise manner. The user may apply it differently based on the particular strategic needs of the organization or the business.
2. 0
2
4
0 2 4
B U S I N E S S N E E D
HAVESOLUTIONS
A t t a c k
A t t e m p t
I n n ov a t e
I g n o re
Size of the circle indicates the relative size of opportunity in that segment
3. A t t a c k
This is a ripe market segment with few established players
A first mover or fast-second can have distinct advantage here
Strategy: enter fast and capture max market share possible
A t t e m p t
This is a mature market with several established players
Significant value addition is needed to target this segment
Strategy: Same value of other players,but lower cost
I n n ov a t e
This is an under-served market with very few players overall
Typically,first-movers may be at a disadvantage here
Strategy: Innovate to create new needs and radical solutions
I g n o re
This is an uncertain market, which is not supposed to exist
This may be an outcome of innovations done for the previous
segment, wherein,solutions were created without proper need
identification and only a small set of early adopters bought them