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Problem:

Client business was being disrupted by the changing environment. Revenue had been dropping for a few years. There was a need to better market current products and find new products that would take on the challenges posed by new technology.

 

Analysis:

1. Current business was mapped and fully understood
2. Various options were studied that aligned with client’s vision
3. The most feasible option was selected

 

Work Done:

- Regular meetings were held with CEO and relevant stakeholders over several weeks.
- The business was studied in detail using the ‘Business Model Canvas’
- Vision, Business Objectives, Competition, Threats, Opportunities, Options were considered.
- Most feasible option was selected based on an agreed criteria.

 

Result:

A new product with growth potential was identified and introduced successfully

 

Industry:

Electronic Security Solutions – Technology and Systems Integration