Vital Wave Consulting brings new revenue from China to a multi-national software firm
A multi-national software firm* asked Vital Wave Consulting to design a Go-to-Market (GTM) strategy that would enable it to achieve revenues in China commensurate with both the size of the market and the market share that client enjoys in other parts of the world.
Solving the Puzzle
Vital Wave Consulting’s US- and China-based teams spent four months assessing the client’s current and historical channel strategies and local market dynamics to create a GTM strategy designed to drive short- and long-term sales. The resulting plan was anchored in the insights gained through field research including extensive face-to-face interviews with the client’s partner ecosystem, customers, and competitors. This data was supplemented by secondary research and an analysis of the client’s performance and global programs. For instance, the Vital Wave Consulting team mapped the client’s current geographic coverage – in terms of revenues and partners – against the location of targeted vertical industries to determine market opportunities and expansion priorities. Before finalizing its recommendations, the team also reviewed the strategies with the client to ensure alignment with internal resources and appetite for risk and investment.
Prioritized and Phased Approach
The GTM strategy identified the key levers for increasing revenues and prioritized strategies based on their scalability, relative return on investment (ROI) and the estimated magnitude of the opportunity. To further maximize impact, Vital Wave Consulting recommended a phased approach to implementing its recommendations. Activities were prioritized based on their level of disruption, resource requirements and revenue impact. Perhaps one of the most significant accomplishments of the project was to create alignment between the Client’s headquarters and China-based team. Both groups noted that some of their initial assumptions had been challenged and the direction of some other strategies validated. The client implemented the program to achieve revenue growth, greater operational efficiency and channel program effectiveness.
Time-saving Recommendations
These recommendations provided the client with a complete view of the low-cost device landscape and opportunities for growth. By engaging Vital Wave Consulting, the company was able to save significant time and resources by quickly identifying and pursuing viable partnerships and technologies in a new product category focused largely on emerging markets. Vital Wave Consulting’s emerging-market business expertise provided the software company with strategic, actionable recommendations and a clear understanding of the low-cost computing device market.
* Vital Wave Consulting respects the confidentiality of its clients. Company and individual names have been omitted from this case study.
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