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Market-Path Success Story
Profiting from
Internal Assets
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An international distribution firm that serves the electronics and telecommunications industry.
The firm had an award-winning Human Resources executive team and the company was recognized as a pioneer in HR processes and technologies. After presenting demonstrations of an internally developed HR software application, the firm was flooded with unsolicited requests to purchase the software and consulting services. The company quickly recognized a potential commercial opportunity. While they were interested in taking advantage of the opportunity, they needed help in identifying how to go about the process.
The Market-Path Approach
Market-Path
worked closely with the client senior managers and recommended that the company
take prudent, affordable steps to evaluate the opportunity and make effective
decisions.
Competitive Benchmarking Market-Path helped to conduct a
comprehensive study of HR software providers, concluding that the internally
developed software tool had both unique approaches and several exclusive
features.
Market Model Assistance Market-Path conducted a working session
with the senior management team to evaluate several models for commercializing
the software tool. The team evaluated
several options, electing an approach that would license rights of the software
to qualified HR or Technology consulting firms.
Were in the
electronics business, not technology. But we had developed something of value
and we needed help to understand what to do. Market-Path was terrific. They
listened very closely to us and helped us understand our options. We now see
ways to make additional profit for the company.