Download and customize hundreds of business templates for free
There are several strategies to achieve critical mass in a new market created by technological innovation. First, identify your target audience and tailor your product or service to meet their needs. Second, leverage network effects where the value of your product increases as more people use it. Third, partner with established businesses to gain access to their customer base. Fourth, invest in marketing and advertising to increase visibility. Lastly, provide excellent customer service to retain customers and attract new ones.
Question was asked on:
Perhaps a big new opportunity has arisen because a technological innovation has created a new market or scrambled an existing one. The most frequent offensive reason for blitzscaling is to achieve a critical mass that confers a lasting competitive advantage. This is not the same as first-mover advantage—unless you are first to scale, being first to launch will not leave you as the dominant player.
Asked on the following book summary:
Blitzscaling is all about rapidly growing and scaling a business or product. Learn the techniques that digital companies like Google, Linkedin and Fac...
Download and customize hundreds of business templates for free
Want to generate the most business values with the least amount of time and cost? This Process Optimization presentation includes templates for tried-and-true methods to help trim the fat. Experiment with these methods to improve existing operations and get more accomplished in less time.
Want to reap the benefits of intelligent process automation? The rapid advancements in AI and Machine Learning offer new areas of opportunities and complexities for businesses and employees to explore. Use this presentation to navigate the use cases and long-term benefits that Workflow Automation can bring to the corporate world.
How do you get the resources and support to take your business plan forward? Besides an epic idea that solves customer pain points, a solid investor pitch deck can help seal the deal. Use our latest Ultimate Pitch Deck (Part 3) to tell your story and communicate your vision in the best possible flow and get closer to the funding you need.
Need a pitch deck template to impress investors or potential partners? And why is it that the top-funded pitch decks all seem to follow the same format? Our customizable Ultimate Pitch Deck template includes all of the top slides you need to pitch your idea, from the problem and solution slides, the team, and company overview slides, as well as slides to showcase your business model, demo your product, or highlight how you create value to customers. We’ll also cover slides on market size, market validation, demographics, and financial projections.