What potential obstacles might companies face when applying the "Crossing the Chasm" concepts, and how could they overcome them?

Companies might face several obstacles when applying the "Crossing the Chasm" concepts. One of the main challenges is the difficulty in identifying the right target market and creating a value proposition that appeals to this market. This is crucial for crossing the chasm from early adopters to the mainstream market. Another challenge is the lack of resources, including financial, human, and technological, to effectively implement the strategies required to cross the chasm. Companies can overcome these obstacles by conducting thorough market research to understand their target customers, developing a strong value proposition, and securing adequate resources. It's also important to have a dedicated and skilled marketing team to drive the process.

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Every innovative product starts as a great idea that attracts visionaries and innovators. This creates an early market. Then comes a wide chasm where the market waits to see if a value proposition for a targeted set of customers can be discovered. If a start-up succeeds in finding this product-market fit, then a mainstream market rapidly emerges. Therefore, crossing the chasm is a do-or-die proposition, which requires the attention of the entire team. Marketing takes the driver's seat during this period.

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Crossing the Chasm

How can the most cutting-edge start-ups fail? Start-ups fall to their death in the deep chasm that separates early tech adopters and the pragmatic mai...

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