Market Analysis, Segmentation, and Payback Period Research & Analysis
Project scope
Categories
Data analysis Market research Customer segmentationSkills
market analysis key performance indicators (kpis) calculations customer data management target market return on investment pricing strategies researchTo conduct a thorough market analysis to identify the best target markets with examples of major companies that could benefit from our product, as well as product's payback periods (or a calculation strategy and comprehensive guide) for the recommended segments.
By the end of the project, students should demonstrate:
- Conduct a thorough market analysis to identify the best target markets and major companies that could benefit from your product.
- Research and analyze customer data to understand customer needs and preferences.
- Develop segmentation criteria to identify target markets.
- Incorporate payback period analysis to assess the potential return on investment for potential customer segments and to support developing a pricing strategy. Consider factors such as the required capital to have the needed infrastructure in place, market demand and preference, etc.
- Align the pricing model with the identified customer segments and their perceived value.
- Develop key performance indicators (KPIs) to support evaluating the effectiveness of the plan and its execution.
Before the start of the project and setting milestones, we can provide students with:
- Previous research data on direct competitors, one segment within our potential target market, and any other information or research data students need to jump-start the project.
During the project and to support students, the company will allocate a dedicated person who will support students and the project through the following, if needed:
- Available for a quick online call with the instructor to confirm your scope is an appropriate fit for the course and on any required day for the final presentation.
- Provide a dedicated contact person who is available for weekly/bi-weekly drop-ins, or if needed, more frequently, to address studentsโ questions as well as periodic messages over the duration of the project.
- Provide an opportunity for students to present their work and receive feedback.
After completion of the project, the company will provide the following on request:
- An official letter of recommendation, an endorsement on students' LinkedIn page, or a reference to their cooperation with the business; whichever the students request.
- The students can also add their collaboration with the company in the Experiences section of their LinkedIn profile.
About the company
Shifting Shap3s is an early-stage hard-tech startup developing equipment for reducing plastic waste in traditional and additive manufacturing in various sectors.
Our mission is to offer innovative user-centric solutions that make a strong contribution to the innovative growth of different communities around the world and to facilitate the recycling and recovery process of plastic on a community level. We aim to stand for outstanding user-experience, sustainable design, inclusion, and collaboration, and for creating an atmosphere where everyone, including the team, customers, and collaborators feels engaged and valued.